That's not owning your own data, nor is it decentralized. That's already what we have in the current central banking system.
You're still confusing cryptocurrency and blockchain; implementations vs the underlying technology.
None of the things you cite are inherent to blockchains. All of them are possible and more probable in centralized banking.
None of your cited experiences provide any relevance to blockchains.
I never proposed that encryption makes blockchains secure. They are tamper-evident, but if you're worrying about encryption being the weak point in blockchains then cryptocurrencies are the least of your concerns, so you might want to triage a little.
Also encryption itself is almost never broken. Poor implementations lead to decryption, or computational power increases so that exhaustive bruteforcing becomes trivial on old algos. All algos have an expected EOL.
Web3 is a name brand created by polkadot. Web 3.0 is a marketing buzzword. Web 3.0 will be defined when the marketing people want to start pitching web 4.0, just like web 1.0 and 2.0.
You don't provide any alternative to the things you oppose, it's just all FUD all the time.
That's not owning your own data, nor is it decentralized. That's already what we have in the current central banking system.
You're still confusing cryptocurrency and blockchain; implementations vs the underlying technology.
None of the things you cite are inherent to blockchains. All of them are possible and more probable in centralized banking.
None of your cited experiences provide any relevance to blockchains.
I never proposed that encryption makes blockchains secure. They are tamper-evident, but if you're worrying about encryption being the weak point in blockchains then cryptocurrencies are the least of your concerns, so you might want to triage a little.
Also encryption itself is almost never broken. Poor implementations lead to decryption, or computational power increases so that exhaustive bruteforcing becomes trivial on old algos. All algos have an expected EOL.
Web3 is a name brand created by polkadot. Web 3.0 is a marketing buzzword. Web 3.0 will be defined when the marketing people want to start pitching web 4.0, just like web 1.0 and 2.0.
You don't provide any alternative to the things you oppose, it's just all FUD all the time.