Facebook Scandal and what it means for Bitcoin - page 3.

terrific

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Quote from: Prodigye on April 05, 2018, 03:48:06 AM

I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I don't think that this is something that we should tackle. It doesn't have any connection to bitcoin and Mark Zuckerberg gave statement about cryptocurrencies.
And that his that his social media platform is going to ban all paid cryptocurrency advertisement. But the mystery is when they will start banning ads because I can still see some ICOs there.
What's good in an article that I've read, they said that they might check the rules and try to change some of it which makes them possible to remove the ban.

Mingazee

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I think it means almost nothing to bictoin. Actually some people compare the security of bitcoin and lack of security of Facebook, but I don't see any correlations, these two phenomenons are opering in different markets

Tigorss

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there are quite a lot of dangers that occur and experienced consumers because of digital money tempted. the anonymity nature of Bitcoin can cause a fatal thing if it spreads to various countries through facebook.

stomachgrowls

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Quote from: darkangel11 on April 07, 2018, 08:15:40 AM

Quote from: Palmerson on April 07, 2018, 07:20:33 AM

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

It's not about public or private viewing! The blockchain-based social media will allow you to fully control your data. Nowadays if you want your account to be closed, you can ask FB for it, but they will most likely never delete you from their servers. There's a reason why by accepting their TOS you're allowing them to use your data for promotional reasons and so on.
The new social media will not only allow you to decide who sees your profile, but they will also allow you to delete the account at will and be sure that even if the data gets stolen from the cloud, nobody will be able to read it without a key.

Ive been waiting for someone to create such new social media platform which privacy is the main concern. If this thing exist then facebook would be no more.
This isnt really affecting positively in bitcoin. Government can always asked information if they'd want to since its regulated anytime info can leak out and as a user you arent aware that its already stolen in the cloud. Not only facebook but all social platforms.

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Quote from: pedagang2 on April 09, 2018, 02:29:01 PM

maybe that's good news for crypto world, because then the facebook will open wide again for cryptocoin to promote.

That news isn't good for crypto world or even in real world.

People are worried about their data that was spread so I don't think that's really good for the users that are using facebook.

But facebook isn't the only website that is using our information and identities, there's google and other social media platform and video sharing websites.

They will even ban bitcoin advertisement so I don't think they will have an idea that blockchain technology is a good adoption for their platform.

pedagang2

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maybe that's good news for crypto world, because then the facebook will open wide again for cryptocoin to promote.

darkangel11

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Quote from: Palmerson on April 07, 2018, 07:20:33 AM

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

It's not about public or private viewing! The blockchain-based social media will allow you to fully control your data. Nowadays if you want your account to be closed, you can ask FB for it, but they will most likely never delete you from their servers. There's a reason why by accepting their TOS you're allowing them to use your data for promotional reasons and so on.
The new social media will not only allow you to decide who sees your profile, but they will also allow you to delete the account at will and be sure that even if the data gets stolen from the cloud, nobody will be able to read it without a key.

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Quote from: yojodojo21 on April 07, 2018, 05:41:49 AM

This might be an unreasonable issue, facebook data privacy is very different to bitcoin 's blockchain technology data privacy, facebook is updating every trice a month or more than that adding some algorithm to make the privacy of a user be more private than usual, but, basing on uploading pictures or some location you are in, then you are really visible to person who are allowed to see you. Therefore if we are talking about bitcoin then all transaction will depend on the exchange site or the wallet if you want to make it transparent, In other words, Bitcoin is more secure than facebook. However, this two social media tools are incomparable.

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

yojodojo21

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This might be an unreasonable issue, facebook data privacy is very different to bitcoin 's blockchain technology data privacy, facebook is updating every trice a month or more than that adding some algorithm to make the privacy of a user be more private than usual, but, basing on uploading pictures or some location you are in, then you are really visible to person who are allowed to see you. Therefore if we are talking about bitcoin then all transaction will depend on the exchange site or the wallet if you want to make it transparent, In other words, Bitcoin is more secure than facebook. However, this two social media tools are incomparable.

Aleister Crowley

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Quote from: Biscutard on April 06, 2018, 12:00:11 PM

Quote from: Prodigye on April 05, 2018, 03:48:06 AM

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

You are overreacting to this issue, as i have read, even the found of Facebook, Mark Zuckerberg is not totally worried about this and it seems that it's just a human error which causes the leak of their personal information. With all of these issues all about Facebook, crypto currency can't do anything to it. It doesn't affect the prices, only traders can.

excessive reactions may be conveyed because some secret related data related to crypto stored on facebook can leak ,, but it is true, this is not related to bitcoin and blockchain based technology and will not affect the price drop

Biscutard

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Quote from: Prodigye on April 05, 2018, 03:48:06 AM

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

You are overreacting to this issue, as i have read, even the found of Facebook, Mark Zuckerberg is not totally worried about this and it seems that it's just a human error which causes the leak of their personal information. With all of these issues all about Facebook, crypto currency can't do anything to it. It doesn't affect the prices, only traders can.

Lieldoryn

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The "know your customer" requirement is only needed by the government and bankers. I'm sorry that the world of cryptocurrencies could not protect against this requirement. This happened because we could not completely abandon the use of Fiat. Perhaps in the future bitcoin will become a currency and this requirement will leave the world of crypto.

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Quote from: Palmerson on April 05, 2018, 05:46:07 AM

Quote from: KrishaBitcoin on April 05, 2018, 05:00:22 AM

Quote from: Prodigye on April 05, 2018, 03:48:06 AM

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

The requirement of KYC is actually starting to become controversial. Not many are happy with having to provide their personal information, and they don’t understand why it is needed. Scams are made and information are phished through some of these airdrops or ICOs. This can’t be avoided so the same scandal may happen even in the world of cryptocurrencies. As users, we must be cautious and know how to protect our personal data.

nice_hoody_bro

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It can have a positive influence on the crypto market
The situation is very unpleasant, blockchain can solve the problem

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Quote from: Proton2233 on April 06, 2018, 04:51:02 AM

Everyone talks about Facebook, but nobody talks about other big corporations. Do you think Google stores less personal data? I'm sure Google is more dangerous. Google keeps a history of visited pages. This can give even more information about the account owner. After this scandal, Facebook has financial problems. I think they're not giving up on the ad. Now, Zuckerberg is such a situation that he will agree to advertise even drugs. Lol!

Every scandal would really have always a corresponding effect towards into their company.Possibilities of financial problems would arise but yet decisions would be made will be entirely depending into them.Its normal for the crowd to talk mainly on facebook rather than on other big corporations since facebook is popular and a single issue would really scatter like wildfire.I agree on the thing you compared it to Google which is really more dangerous when it comes to data accumulation.

KrishaBitcoin

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Quote from: Palmerson on April 05, 2018, 05:46:07 AM

Quote from: KrishaBitcoin on April 05, 2018, 05:00:22 AM

Quote from: Prodigye on April 05, 2018, 03:48:06 AM

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

We are talking about Facebook scandal in which our personal data of privacy like our pictures, personal information and details are fully shared to Facebook in which some of these personal data are taking advantage by Facebook like making a free survey to the personal data specially to the pictures that we shared and sale those gathered survey to the companies for their future product new trends. Bitcoin and Block chain has nothing to do with this current findings.

Grossmann Jr.

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Yep, for blockchain it seems to be very up-to-time. This tech can really solve the problem of privacy and honesty

pey

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Quote from: Palmerson on April 05, 2018, 05:46:07 AM

Quote from: KrishaBitcoin on April 05, 2018, 05:00:22 AM

Quote from: Prodigye on April 05, 2018, 03:48:06 AM

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

This is also nothing to do with bitcoin, there are decentralized exchanges you can use if you don't want to give your personal information. These concerns are good considering the future of blockchain technology.

Gadhoh

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Facebook bans all ads promoting digital currencies, including bitcoins. The goal is to prevent people advertising what Facebook calls financial products and services that are typically synonymous with fraudulent promotional practices.

jseverson

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Quote from: Palmerson on April 05, 2018, 05:46:07 AM

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

The original post was saying that Bitcoin and blockchain technology can offer solutions for such issues though. The example you mentioned actually adds to the problem lol.

But yeah all this scandal means for Bitcoin is that you don't share your data recklessly. I don't think blockchain technology can help either because it can't stop anyone from selling any data.

Topic: Facebook Scandal and what it means for Bitcoin - page 3. (Read 452 times)