However much regulators and crypto advocates might wish the other didn’t exist, neither governments nor Bitcoin will disappear in our lifetime. It’s time they started working together on the planet’s most urgent issue: a sustainable global energy system.
Zoom, once the darling of the quarantined remote worker, has been slammed for poor privacy, and has suffered a data breach in which 500,000 user accounts were offered for sale on the dark web. Meanwhile, Google and Apple have pooled their resources for contact tracing, highlighting the amount of information that Big Tech monoliths hold on their customers.
This, then, should surely be the moment for Web3 to sweep in and save the day, with its promise to wrest power from centralized entities and restore privacy to the masses. But it hasn’t. Not a single Web3 decentralized app (dapp) has gone truly mainstream during the coronavirus pandemic.