It also doesn't mean the solution to every problem is to start an MLM scheme around unregistered securities. Kind of a false dichotomy here. Sounds like the answer is to start services that cost human dollars that don't sell data - and definitely don't publish data on a public immutable pseudonymous ledger for all to see.

The problem is that as you said, when the rubber meets the road, the customers don't value privacy - and at the end of the day they're the ones paying.

All the major platforms were built without ownership and without privacy, and this didn't hurt them in the slightest from being some of the most valuable companies in human history. I'm not saying I like it either, btw.