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Why is online privacy so important?
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Suppose they start out entirely benevolent. That commitment must be perpetually renegotiated in upheld over time. As the landscape changes, as the profit motive applies pressure, as new data and technologies become available, as new people on the next step of their careers get handed the reigns, the consistency of intention will drift over time.
The nature of data and privacy is such that it's perpetually subjected to these dynamic processes. The fabric of any pact being made, is always being rewoven, first with little compromises and then with big ones.