All your data belongs to us

Read full article at The Capital.

ConsenSys has informed all users of Infura, the tool used by many to connect their applications to the Ethereum network, that they will now start to collect more user data.

All your data belongs to us

In their new privacy policy, ConsenSys informed users of Infura that whenever you use “Infura as your default remote procedure call (RPC) provider in MetaMask, it will collect your IP address and your Ethereum wallet address whenever you make a transaction.” This move has been, to say the least, very controversial and has been met with criticism by many.

The new user agreement revision is here, please sign to indicate you read it all and agree to give us everything

Collecting people’s IP and wallet addresses whenever they make a transaction is a bit Big Brother Warning. And I don’t mean the tv show. But they are not alone in making these types of changes. Uniswap has also upped its user data collection. They recently started to collect data on their user’s devices or browsers.

I have to say I am not a big fan of this trend. And I, perhaps a bit naively, thought that we might not have to deal with that in crypto or Web3. But alas, I was wrong again. A corperation is a corperation. And they will find ways to sell everything that is not nailed down and then some if we let them.

I hope that there will be a competitor to Metamask soon. Personally, I can’t wait.

There is however, a small silver lining. If you happen to run your own Ethereum node or a third-party RPC, your user data will not be collected. So now all I got to do is save up 32 $ETH and stake it in a node. And never be able to get it back. All in order to not be harvested for data by the almighty dollar.

What is your thought on this? Got 32 $ETH lying around that you want to share with me? Please let me know what you think about this in the comment section down below. If you would like to support me and the content I make, please consider following me, reading my other posts, or why not do both instead.

See you on the interwebs!

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All your data belongs to us was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

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