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I understand the privacy issues are horrible, and places like HN are super vocal about it. But the overall majority either don't know, or don't care, or mostly both. People dump their entire lives on to the internet, hoping for some type of validation from their peers. Banks destroyed many lives ten years ago, and yet we bailed them out, and are still using them. People in the end just don't care. Especially after time has passed.


Banks are necessary for modern economies. Social networks, not so much.


Which is why protections must be put in place. If a business model is detrimental to the health of a nation, then maybe the laws need to change to prohibit such a business model from preying on the citizenry.




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