You can’t have missed the twitter (social engineering) hacks.
It was pretty bad but no where near as bad as it could have been. Others have thought exactly the same as I have, bitcoin and direct messages was just the start, they could have started world war 3.
It was NOT a hack it was Twitter being centralized and employees having clearly too much access to accounts. Had Twitter been on Etheuem's blockchain this would have never happened. @jack you guys can't integrate @metamask_io or @Ledger @authereum ?
— Nor development studio (@nor_studio) July 16, 2020
Ok this is still a live hack with new information coming out every hour but its clear as sight. International and even national politics shouldn’t be announced on twitter or any social media really.
However lets be clear, that level of power in one place is just too great one company. Another example is Facebook and what happened with Cambridge Analytica.
I know Jack was talking about decentralising twitter a while ago but something as big and powerful likely needs two things.
- Be decentralised or federated
- Be something more like a public utility than a profit making company
I know many will disagree but honestly I would feel much more safer with twitter under a different remit, a public remit? (I do not mean government control)
Not to say the social engineering wouldn’t have happened but there would be a stricter understanding of the importance and more accountability for the attention & power it has currently.
