Subscribe To Our Newsletter

    Get the latest crypto news right into your email box. No spamming. We hate it too. Only pertinent news you need to know

    Latest News

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 2022

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 2022

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 2022
    Facebook Twitter Pinterest LinkedIn
    RareHippo – Crypto, Bitcoin, Blockchain News & Views
    Facebook Twitter Pinterest LinkedIn
    • Home
    • Bitcoin
    • NewsWire
      1. Latest News
      2. Top Stories
      3. Features
      4. What’s Hot
      5. Must Read
      6. Trending
      7. Spotlight
      8. Editors’ Picks
      9. View All

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      El Salvador’s Companies Barely Bother With Bitcoin

      March 19, 2022

      New Jersey legislation aims to prevent public officials from being gifted NFTs

      March 18, 2022

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Crypto’s Preferred Currency for Political Donations Isn’t Bitcoin. It’s Dollars

      March 19, 2022

      Meta Sued by Australian Watchdog Over Scam Crypto Advertisements

      March 18, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      Two Senators propose crypto legislation for tax exemption on capital gains

      May 1, 2022

      Wall Street Reluctantly Embraces Crypto

      May 1, 2022

      Warren bill draws outcry over broad terms, but seems unlikely to pass

      March 20, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Russia-Ukraine War Is Bringing Out the Good, Bad, & Ugly of Cryptocurrencies

      March 18, 2022

      The ‘world’s most advanced’ digital human wants you to buy her NFT art

      March 15, 2022

      FTX crypto exchange wins license in Dubai to open regional headquarters

      March 15, 2022

      Crypto Startup Founded by Ex-Meta Employees Raises $200 Million

      March 16, 2022

      U.K. Crime Agency Wants to Regulate Crypto Transaction Mixers

      March 15, 2022

      A Wall Street Quant Turns His Crypto Firm Into a Unicorn

      March 14, 2022

      Standard Chartered’s crypto custodian to help clients earn yield on token holdings

      March 14, 2022

      Man passing as UN affiliate convicted for crypto scheme

      March 18, 2022

      The Future of Crypto Is Boring — and Bright

      March 15, 2022

      Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

      March 15, 2022

      Binance Wins Crypto Licenses From Dubai, Bahrain

      March 15, 2022

      Why Bitcoin’s Environmental Problems Are So Hard to Fix

      March 16, 2022

      Americans Want Crypto From Their Banks

      March 15, 2022

      Why Decentralized Exchanges Are Important in the Crypto Economy

      March 10, 2022

      Binance plots M&A spree as regulators scrutinize crypto trading unit

      March 10, 2022

      Amid New Executive Order, White House Director Sheds Light On Crypto Policy

      March 16, 2022

      Bitcoin Evangelist Saylor Tells Economists Why They’re Wrong

      March 15, 2022

      Crypto Mania in Texas Risks New Costs and Strains on Shaky Grid

      March 15, 2022

      Bitcoin’s scared of commitment, Mr. Biden

      March 15, 2022

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Two Senators propose crypto legislation for tax exemption on capital gains

      May 1, 2022
    • Altcoins
      • Ethereum
      • XRP-Ripple
      • Solana
      • Dogecoin
      • Cardano
      • Shiba Inu
    • Topics
      • Cryptocurrencies
      • Investments
      • Markets
      • NFTs
      • DeFi
      • ETFs
      • DAOs
      • Crypto Regulation
      • Metaverse
      • Blockchain & Web3
      • Blockchain Gaming
      • Crypto Exchanges
      • Crypto Mining
      • Stablecoins
      • Cybersecurity
      • Digital Currencies – CBDC
      • Crypto Book Reviews
      • Technology
      • Internet of Things
    • Opinions
    • Explainers
    • Press Releases

      Former Uber LatAm Head of Policy Leads Crypto Ride-Hailer Drife Toward Planned Global Expansion

      March 7, 2022

      European index provider for crypto assets Vinter raises $3.4m funding

      February 22, 2022

      PR – British crypto processor brings in $60 million for expansion in Europe

      January 25, 2022

      PR – CoinMENA obtains 2nd crypt0 license from European Union

      January 25, 2022

      NFT investment specialist looks to acquire Pluto Digital for £96m

      January 24, 2022
    RareHippo – Crypto, Bitcoin, Blockchain News & Views
    Home»NewsWire»The Metaverse will bring a further erosion of privacy
    NewsWire

    The Metaverse will bring a further erosion of privacy

    By Colin Pape
    February 21, 2022By Cointelegraph5 Mins ReadNo Comments
    Facebook Twitter LinkedIn Pinterest Reddit WhatsApp Email Tumblr VKontakte Telegram
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email LinkedIn Tumblr Telegram

    Unlike some of my peers in the technology space, I don’t see the Metaverse as a virtual world in which we work, socialize and shop. Rather, I see it as a point in time, reached in 2020 and into this year because of the global pandemic, when the digital world became as important as the physical world.

    It’s a shift away from the idea that physical reality is superior and preferred over digital reality.

    Donate to RareHippo Now!

    Work for many has turned into a series of Zoom meetings, people are buying virtual real estate, and children are spending time with their friends in Fortnite and Roblox. 

    Facebook’s rebranding as Meta signals that there’s no going back to the way things were before, as a critical mass of people has realized the benefits of operating within a digital reality.

    And with this crashing of realities comes the realization that the shreds of privacy we have enjoyed could soon be transformed into a dystopian nightmare where we can be arbitrarily banned from the virtual environments in which we live, work and play.

    An erosion of anonymity

    As digital resources become more and more critical to us, they’re being linked together more tightly. Although we haven’t hit yet a point where everything is integrated under a single account, we can see where things are headed based on what’s already happened — specifically when it comes to using Facebook and Google accounts as a gateway to many different platforms.

    Many of today’s digital privacy worries — such as identity theft, stolen personal information and targeted ads — can be traced to the very breakthrough that made Facebook a success, which was giving people enough incentive to register with their real names.

    Before Facebook, most people used pseudonyms online and were not comfortable sharing so much personal information openly. They were anonymous, acting across separate forums. With Facebook having people’s names, connecting payment services including Apple Pay and Google Pay, along with Amazon purchasing profiles, all of a sudden most internet users have an online persona that shows how they interact within the digital realm.

    There are already significant privacy implications from having all those services connected, leaving people’s data vulnerable to hacks or abuse.

    When we shift most of our lives to a digital realm, the threats of compromised data and being closely tracked, among others, become way more acute. To borrow a term from the crypto world: It’s almost like putting your entire life in hot storage, where it’s always accessible and vulnerable to bad actors, as opposed to cold storage, in which only you control the keys to your assets.

    This shift sets us up for a future where whoever controls the access to what becomes the metaverse master profile can enforce legislation against the provider of that account. There may be situations where if a person doesn’t comply with whatever mandates or regulations are in place, that person may find themselves de-platformed — which, in this case, would cut off the sole, critical avenue in which we work and socialize. This individual would become a digital outcast.

    When Mark Zuckerberg announced the rebranding of his company, people commented that when you die in the metaverse, you “die” in real life. That’s a scary idea. You’re still alive but can’t access any of the people, places, resources or tools that you previously had access to.

    Something like that was just not possible in physical life before. Now it can happen quite easily, especially because there isn’t a lot of clarity around what our rights are and what legal due process is required within the digital realm.

    Unlike some of my peers in the technology space, i don’t see the metaverse as a virtual world in which we work, socialize and shop. Rather, i see it as a point in time, reached in 2020 and into this year because of the global pandemic, when the digital world became as important as the physical world.

    Erosion of rights

    There’s already a legal blueprint for this scenario. The Patriot Act, passed post 9/11, basically granted the government free rein to effectively do whatever they want, without due process. Under the Patriot Act, if the federal government through the CIA, FBI or any of its enforcement branches puts in a surveillance request to Google, Facebook, or Apple for all of a user’s U.S.-based activity, by law, the company is not allowed to even notify that person that they’re under surveillance. There are massive penalties for them to take the side of the user in any respect.

    We’re now putting more and more importance on our digital lives without clarity on our rights within this new world. We’ve already put too much trust in entities that have a demonstrated track record of abusing that trust, and not protecting the information that is provided to them.

    We’ve bought into these systems, and we’ll effectively become digital serfs where we exist at the convenience of the platform provider. We’re all on our own, without any rights in the digital realm.

    If we become inconvenient, we can be easily silenced and de-platformed. That leaves us hoping for the best that we don’t cross an invisible line. Unfortunately, in the current climate, censorship and de-platforming have become prevalent, affecting people who weren’t breaking any laws, but just having an opinion that is not in line with the mainstream — like arguing against mask mandates, discussing alternative COVID drugs or even studying Facebook misinformation.

    Ultimately, the only way to ensure our security is for us all to take full responsibility for ourselves. After all, there’s always the possibility that somebody could walk into your house, so you should keep your doors locked and take the extra step of securing the deadbolt.

    Currently, there are alternatives to mainstream platforms that are decentralized, open source and committed to user privacy. Let’s hope that instead of relying on the same big tech platforms we did in the Web2 era, we focus instead on building the metaverse from the ground up in a way that truly puts users in control of their digital lives.

    Read full story on Cointelegraph

    Crypto news & Views
    Metaverse
    Previous ArticleBrands From McDonald’s to Walmart are Gobbling Up Metaverse Trademarks
    Next Article Sydney VC banks $50m for new Web3 crypto fund

    Related Posts

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 20221 Min Read

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 20223 Mins Read

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 20224 Mins Read

    Two Senators propose crypto legislation for tax exemption on capital gains

    May 1, 20225 Mins Read

    Wall Street Reluctantly Embraces Crypto

    May 1, 20225 Mins Read

    Warren bill draws outcry over broad terms, but seems unlikely to pass

    March 20, 20225 Mins Read
    Add A Comment

    Leave A Reply Cancel Reply

    Donate to RareHippo Now!
    Latest News

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 2022

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 2022

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 2022

    Two Senators propose crypto legislation for tax exemption on capital gains

    May 1, 2022

    Wall Street Reluctantly Embraces Crypto

    May 1, 2022
    Follow US & Win Prizes
    • Facebook
    • Twitter
    • LinkedIn
    • Pinterest
    Don't Miss
    Adoption News

    Dubai creates agency for virtual asset regulation

    March 10, 20221 Min Read

    Dubai unveiled a new agency tasked with virtual asset regulation on Wednesday as its leadership…

    BitMart says it’s resumed crypto withdrawals three days after hackers stole almost $200 million

    December 8, 2021

    Philippines E-Wallet Unicorn Considers Crypto, Stocks Platform

    December 6, 2021

    Crypto’s Preferred Currency for Political Donations Isn’t Bitcoin. It’s Dollars

    March 19, 2022

    Subscribe to Our Newsletter

    Get the latest crypto news right into your email box. No spamming. We hate it too. Only pertinent news you need to know

    Crypto news & Views
    Facebook Twitter Pinterest LinkedIn
    • Home
    • Privacy Policy
    • About Us
    • Donate to RareHippo
    • Get In Touch
    • NewsWire
    © 2023 RareHippo. Powered by 8 Dimensions

    The content of this website is for informational purposes only and is not intended as a substitute for investment or financial advice.

    Type above and press Enter to search. Press Esc to cancel.