Modern people widely accept the Facebook website as an important tool of interaction. Through this new communication medium, traditional forms of communication have changed drastically. Invitations to political parties, notes on birthdays. Therefore, personal information can be fully utilized and used in this new form of super communication between peer groups.
When Mark Zuckerberg launched Facebook from the Harvard Dormitory Room in 2004 (using the crowd of the Friendster version of a real university), he unleashed a powerful multi-pair direct network effect. Like LinkedIn released two years ago, Facebook uses people's strong inner motivation to maintain and predict people's strong reputation, identity, and networks of friends and acquaintances. The more people using Facebook, the more it will be beneficial for everyone and the fewer people trying to break into another network, the more you have to create a new friends map from scratch .
There are three reasons for this. First of all, it is a network effect. LinkedIn has our professional identity (as Facebook has our personal identity). Despite LinkedIn being smaller than Facebook (380 million to 400 million to 710 billion), that space is not a competitor almost, it is big enough, and the network effect is good. If you are creating a new professional identity today, it has many implications to do this on LinkedIn as it is where other people are. LinkedIn is expected to acquire the greatest growth rate by new users (Facebook is expected to be asymmetrically attacked). User base growth leads to revenue and profit growth.
People can create digital IDs on many websites (eg Facebook, Twitter, LinkedIn). Management is troublesome, after all, you can not fully manage information. With Ethereum you can fully manage the data using a distributed ID management system such as uPort. A centralized server can not access your personal data.
Facebook is the world's largest ID registration agency, and there is no limit. It collects a lot of personal information and personal information about the citizens all over the world, publishes it, subject to the law of the selected country - there is no way to stop doing so. In cooperation with governments around the world, we may or may not implement the advocacy and surveillance agenda of powerful people, and sufficient evidence that Facebook uses its own design to track, monitor and annihilate people There are Ethiopia, Egypt, Syria, Azerbaijan, Turkey etc.