Topic: Facebook shitty coin. Facebook selling information of their customers - page 4. (Read 673 times)
May 29, 2019, 01:20:53 AM
I think we will feel positive changes in the privacy policy, if they do not just create their cryptocurrency but also try to use blockchain technology to improve data security.
May 29, 2019, 12:58:55 AM
Facebook coin will used for peer to peer payment on its Whatsapp platform initially. They are planning to launch it in 2020.
Nothing is free in the world the service that Facebook has been providing comes at cost. The cost is breach of privacy of individual users. Their coin will help them to acquire financial data of end users and they will surely use it for their own benefits.
P.S - Banks and other financial institution have been doing this for a long time. Imagine what amount of user data Google and Apple have?
Nothing is free in the world the service that Facebook has been providing comes at cost. The cost is breach of privacy of individual users. Their coin will help them to acquire financial data of end users and they will surely use it for their own benefits.
P.S - Banks and other financial institution have been doing this for a long time. Imagine what amount of user data Google and Apple have?
May 29, 2019, 12:48:29 AM
Everyone sell our data, it's nothing new. Telecommunication company sell our data, social media sell our data, google sell our data. Each and every organization to whom our data is available is selling to another party. Their coin will be centralized and probably another shit stable coin.
May 29, 2019, 12:43:50 AM
that is the whole problem with centralized systems and inherently the problems comes to centralized cryptocurrencies. they track and censor or limit your transactions and have full control over your money. they have their own use cases like PayPal that is widely used all over the internet but they can never be compared to or compete with a decentralized currency like bitcoin.
selling information is just a side product of that centralization and them having access to too much information.
selling information is just a side product of that centralization and them having access to too much information.
May 29, 2019, 12:39:18 AM
Of course, data confidentiality should come first for any company. But what do we see in reality? Mobile operators sell databases, sometimes it seems that even banks spread information about the contact information of their users. If Facebook adapts cryptocurrency payments, it will only help its rating. There previously were much info that Facebook confidentiality = zero, everyone can buy user's password, what r we gonna see if they launch crypto payment?
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