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The Internet Archive is an important resource and needs to be saved.
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I think the more relevant bit here is that whoever controls the present, controls the past.
Very fair point, that nails it, thank you!
Overall I agree with you: the government is not trustable to own and manage this service and especially all of the data itself.
I think legislative protection for this function is a good thing, to create a legal protected space for it to operate, while still having it actually operated by the private sector.
The ideal solution, IMO, is for the service to be decentralized onto a blockchain or some other kind of decentralized data store, and have a variable number of nodes running it in a redundant manner so that no single node’s loss leads to loss of data or the service itself.
This is a universal good, one I’d be happy to help “pay for” in the form of dedicating computing resources to it.
IMO all the functions of democracy (including in this case the maintenance of historical memory) should ideally be decentralized enough to be immune to attack by any organization up to and including armies.
Except for blockchain as a technology, I agree with you; decentralization and thus democratization of all these things would be best!