There is no such thing as true digital ownership for things built on anyone else’s platform. If you want to truly own something you need to use open protocols - like websites and bespoke software. If you build on someone’s API, or rely on “owning” a Twitter account which you literally have zero right to and is at the whim of the platform’s owner, don’t be shocked when it’s taken from you. Of course, you can always us…
> Of course, you can always use Bitcoin / Ethereum and the Ethereum Name Service which is true, legitimate digital ownership. Why is this legitimate digital ownership vs other forms? Bitcoin and ETH are stolen all the time, and it’s not recoverable, even if you can prove it rightfully belonged to you. People are wary of crypto because it’s controlled by a cabal of extraordinarily entrenched early adopters, many of wh…
And those people are true believers in the tech, and IMO deserve their riches. Same as anyone who bought FB or AMZN or GOOG at IPO and held until now.
As a separate issue, do the longer term holders pose a threat to the crypto ecosystem? You are so naïve - the traditional economic and banking system is the same! Except for centuries! Do I sound conspiratorial? Well, you said crypto has a “cabal”. Pot meet kettle.
At least in crypto it’s open source, and the addresses and balances are public. A fundamentally more equitable system at its core.