The post Ethereum Co-Founder Identifies Top Risks Facing Tech Today appeared on BitcoinEthereumNews.com.

Vitalik Buterin, one of the co-founders of Ethereum, has sounded the alarm over several emerging threats to technological freedoms and, by extension, a number of the crypto community’s core values. In a blog post, Buterin warned against political attacks on encrypted messaging, centralized identity systems, and insecure operating systems, and growing power of a few social media platforms and dominant countries to censor and deplatform people all around the world. Encrypted Messaging Under Attack Buterin’s first concern is that political attacks on encrypted messaging are picking up steam. He believes that the right to private conversation is a fundamental one, and it was one of the tenets of the cypherpunk ethos underpinning the crypto movement. Governments worldwide have ratcheted up threats against messaging services to weaken their encryption or add backdoors at the potential risk to user privacy. One other thing I would add, is that we should all agree that finance *isn’t enough*. There are sooooo many centralization points that are rapidly growing and threats in the world’s technology today: * Ongoing political attacks on encrypted messaging* Centralized identity… — vitalik.eth (@VitalikButerin) August 25, 2024 Centralized Identity And Credit Scores He further warns that the rise of centralized identity systems with credit scores will turn out broadly corrosive to individual autonomy. These systems are harmful in that they put the power concentrated in the hands of very few entities who can further use them to surveil, control, and even discriminate against citizens on the basis of their digital profiles. Insecure Operating Systems And Backdoors Another threat Buterin pointed out was that proprietary operating systems are bug-ridden and full of backdoors. The reason, he argues, is that having closed-source software means it’s less secure and more feasible to exploit for various actors, including governments. Buterin believes that what is actually…

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Filed under: News - @ August 26, 2024 12:02 am