Users don't necessarily have that much agency. The most successful and powerful businesses don't need to satisfy user preferences because the users are FORCED to conform THEMSELVES to the constraints imposed by the business.
You don't need the ability to force something on them that they actually want, so the ability to force something on them can only be used for evil. The good update would be accepted without coercion.
Network effect, or else some other monopoly, determines where you have to go to find jobs, where you go to meet girls, what kind of currency you have to pretend has value, etc.
The real potential solution to all this is standardization. It's conformity, but only on the communication layer itself and not the backend. For example, in online dating, if you want to use Tinder, go for it, but someone else might want to use something else while still matching with people who use Tinder. This is, of course, entirely impractical as of now given all of the side-effects nobody is willing to make (giving up user data, DoS threats, general increased infra costs with no real ROI), but perhaps a stopgap solution is to have a regulating body determine standards for specific types of services (eg. short-form blog platforms like Twitter), and they enforce products to conform to the shared standard if it's a similar enough experience to existing products in the category. This would still allow innovation in new areas, while ensuring giants can't form a monopoly via network effects in easy-enough-to-replicate platforms. This still leaves the issue of "all my users' PII is in 1000 different companies' servers" so maybe the body would have to vet & impose legal data restrictions on companies that want to federate with the incumbents, but that would impose on the goal of allowing new players to enter the market with low friction and further entrench the dominance of these incumbents.
I'm starting to think the best way to solve this is to bifurcate it.
Create a P2P system which is free-as-in-beer but is possibly susceptible to DoS attacks etc., then have an option which is more robust than that where you pay Cloudflare or someone to host your data in exchange for money, but it's still part of the same network and interacting with the same people.
That way you can acquire new users without shoving a payment prompt in their face on day one but someone who just wants to hand a fistful of cash to a third party to take care of their problems still has that option.
> This still leaves the issue of "all my users' PII is in 1000 different companies' servers" so maybe the body would have to vet & impose legal data restrictions on companies that want to federate with the incumbents, but that would impose on the goal of allowing new players to enter the market with low friction and further entrench the dominance of these incumbents.
This is the kind of problem that gets solved much better by smart cryptographers than government bureaucrats.
Encrypt the data. Use a kind of cryptosystem where only the people who are supposed to be able to have it (i.e. your friends, not Mark Zuckerberg) can decrypt it.
Now some servers can host it so it's not offline when your phone is, but those servers can't read it, only the intended recipient(s) can.
Obviously this is only even necessary for posts that aren't intended to be completely public.
It's time to fix that.
Web 1.0: Read Web 2.0: Read/Write Web 3.0: Read/Write/Own
The fact is that you cannot verifiably compare those numbers to traditional finance hacks, because they're simply not transparently reported/cleaned up before the damage can be noticed.
Don't fault a good in-built bug bounty for bringing about the next generation of strong, distributed infrastructure.
and they regularly abandon their duties to keep us safe, with varying degrees of recompense/Justice actually being served when the consumer gets screwed (less every year, from what I can see).
At least with SuperNewFastDeFi (vs Coinbase), I know I'm using a beta and could get screwed, as opposed to my current "stable, traditional financial institution" which just recently turned off everyone's 2FA during an infra migration, and acted like that's totally okay.
I know my home loan etc won't be T-shirt cannon'd off to even worse snakes as soon as I've left the parking lot.
Many forms of security and agency improvements this shift is bringing to the forefront now, and this community, for whatever reasons, sleeps on.
Which happens as well for defi/crypto, but with no guarantees attached - you pay for the development/support with fees.
Should constitutional amendments be outlawed - just because people are "free" to immigrate if they don't like it?