(2/2)... server and utilities but all the energy required(food, transportation, etc) to maintain the humans that keep the banking system running.
My point here being that the present state of a very nascent tech might not be the best version for long term evaluation of whether society/environment will benefit/lose out. The whole space is very much a series of lab experiments run in the open imo. Too early to dismiss I feel.
Yup there would be more data and types of data to store but I do think how efficient/wasteful the storage solution is/will be would be dependent on the implementation. There are projects whose intent is to better utilise idle storage capacities of individuals which, though yet to be seen at scale, might help to not put everything on-chain but still use a chain as a means to manage and detect/prevent tampering. But still too early though to tell though haha
Yeah I share your privacy concerns too. Haha which is kinda why I'm also staying clear of using products which store my sensitive data on chain.
That said, I'm not ruling out the possibility of a chain that may allow for the ability to edit/delete in future though. Though I'm not sure how that might work and if so, whether it's compatible with why a chain should be used over a centralised data store (since one kind of forgoes the immutability property)
I have signup an account with #Mindscom .
I am sure that not going post anything personal or interact there.
One of goodness of Minds.com is that it pays out #coins for how the posted contents received. So I am seeing a lot of good , selective contents there.
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