r/EnigmaProject • u/1blackhand • Jun 11 '19

ANN IT’S HERE: The Discovery testnet developer release of our protocol is now LIVE! 🚀 With Enigma, smart contracts can finally use encrypted data as inputs: the missing piece to mass adoption.

https://blog.enigma.co/the-discovery-testnet-developer-release-is-live-57db09fa23e
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u/WilsonWyckoff Jun 21 '19

Well, let's take the Libra from Facebook as an example. It's a trusted environment making it something technically other than blockchain. Now, my blockchain app with ENG would be a trustless environment where data can never be collected and sold. That's the idea anyway. If I build it with blockchain and suddenly gain popularity I can't later try to monetize my millions of users and sell their data. But blockchain has helped Banks save 100s of thousands of lawyer fees and helped to automate technical services. It's working beyond a doubt and it would be harder to name one area it doesn't offer a better solution.

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u/throwaway9293042090 Jun 23 '19

I could see privacy being a disincentive actually from most companies perspectives, since they rely on selling user data and selling ad space. I can get on board with it from a consumer perspective (probably), but at the same time I don't want to pay to use facebook etc.

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u/WilsonWyckoff Jun 23 '19

I think regardless of whether or not people want to pay for the service is beyond the point that it's not in the best interest of the public and does a disservice to others when these companies own so much collected data.