Birose159

@birose159

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Markus Kuhnert, CEO of 1iO — which is building the foundation of decentralized collaboration — recently stressed that Web3’s primary goal should be giving users complete control over their data. “Web3 is all about cutting out the middleman economy,” he said. “It’s about ownership, owning the data, owning the infrastructure.” 1iO’s official stance is, “We eliminate intermediaries. You individually decide with whom you want to share your data and under what conditions.” That is an ideal that Web3 needs to uphold.

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Kuhnert is right, by the way. It is up to Web3 builders, investors, users and those curious enough to experiment with the technology to think more about what control means to them. There was ownership in Web2 but no control, so it was hollow. There were accounts, posts, followers, books and songs, and it really felt like it belonged to us, but the platforms always controlled it — we didn’t. This lack of user control was the biggest failure of Web2, and the thought of Web3 repeating it is dreadful.

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Ownership without control is, as Web2 has proven, virtually ineffective and leaves users vulnerable. In the Web3 gaming or GameFi space, there’s a massive push for the right to ownership and control, to create, modify, upgrade and export (to other games and chains) your digital assets — profit from them even.

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A gamer with that level of control transcends gaming. They become a creator, owner and controller. In many cases, they can join a game’s decentralized autonomous organization to, democratically and trustlessly, modify the game based on community-centric ideation.

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A gamer with that level of control transcends gaming. They become a creator, owner and controller. In many cases, they can join a game’s decentralized autonomous organization to, democratically and trustlessly, modify the game based on community-centric ideation.

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Ownership without control is, as Web2 has proven, virtually ineffective and leaves users vulnerable. In the Web3 gaming or GameFi space, there’s a massive push for the right to ownership and control, to create, modify, upgrade and export (to other games and chains) your digital assets — profit from them even.

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Court documents allege that Iza employed off-duty LASD deputies as personal enforcers to target business rivals and perceived threats. Saavedra, leveraging his credentials as a deputy and a task force officer with the US Marshals Service, illegally accessed sensitive law enforcement databases, fabricated search warrant affidavits, and misused his badge to aid Iza’s vendettas.

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In one instance, Iza sought to steal a laptop he believed held more than $100 million in cryptocurrency.

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Prosecutors allege Saavedra secured a search warrant in January 2022 under false pretenses, claiming the target was involved in a firearms investigation. Saavedra provided the victim’s location to Iza, who sent armed individuals to break into the victim’s home.

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The attempt failed when the victim fired a warning shot, after which Iza reportedly sent the victim a video of the botched robbery.

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Prosecutors outlined several other violent acts linked to the scheme.

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A cryptocurrency businessman and a Los Angeles County Sheriff’s Department (LASD) deputy have admitted to federal crimes, including conspiracy, civil rights violations, and tax evasion.

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The Department of Justice announced the plea agreements on Jan. 17, stating that Adam Iza, 24, who dubbed himself the “crypto godfather,” founder of the Zort crypto trading platform, orchestrated a scheme involving intimidation, extortion, and fraud.

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In August 2021, LASD deputies allegedly held a victim at gunpoint at Iza’s residence, forcing a $25,000 bank transfer. In October 2021, Iza personally coerced another victim into transferring $127,000 while holding them at gunpoint.

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Saavedra also operated a private security firm, Saavedra & Associates LLC, which employed off-duty deputies. Iza reportedly paid $100,000 monthly between 2021 and 2024 for round-the-clock security.

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Beyond the alleged extortion racket, Iza’s operations extended to financial fraud. Between 2020 and 2022, he is accused of defrauding Meta Platforms Inc., stealing over $37 million by accessing business accounts and associated credit lines.

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Beyond the alleged extortion racket, Iza’s operations extended to financial fraud. Between 2020 and 2022, he is accused of defrauding Meta Platforms Inc., stealing over $37 million by accessing business accounts and associated credit lines.

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Saavedra also operated a private security firm, Saavedra & Associates LLC, which employed off-duty deputies. Iza reportedly paid $100,000 monthly between 2021 and 2024 for round-the-clock security.

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In August 2021, LASD deputies allegedly held a victim at gunpoint at Iza’s residence, forcing a $25,000 bank transfer. In October 2021, Iza personally coerced another victim into transferring $127,000 while holding them at gunpoint.

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The global average internet penetration is approximately 67.5%, while digitalization has happened at lightspeed in the European Union, where 93.1% of households are connected to the internet. Far from slowing down, this trend seems to be picking up at pace and is now evolving toward its next milestone: Web3.

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