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Topic: The recent Facebook data scandal is a perfect reminder of why crypto and decentr (Read 254 times)

member
Activity: 350
Merit: 12
The alleged Facebook scandal is simply ridiculous: if users put their personal affairs on a social media, they can not complain if someone uses this data.
And facebook did not do anything special, it didn't disclose secret data, it only presented the public ones in an orderly manner.
member
Activity: 392
Merit: 11
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


Yep. I completely agree with your point, governments has to think of this Facebook incident atleast and make Bitcoin legal tender usage in their respective countries. Privacy is the right of a human and if that is theft or hacked what other things safety is my concern. Government haven't steped down for this issue, if it is happend for Bitcoin then the whole world will be threatened with their action. Thank god for the advanced technology we use in Bitcoin.
Bitcoin and cryptocurrency have proven their worth following the Facebook incident as a leak of user information. Anonymity and privacy are essential for today's life, and other media can not. So I believe that bitcoin and cryptocurrency will gain more community trust in the future.
sr. member
Activity: 756
Merit: 250
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


You should have included the source of this news:

https://webcache.googleusercontent.com/search?q=cache:M_A8_sEXMP8J:https://www.wired.com/story/cambridge-analytica-execs-caught-discussing-extortion-and-fake-news/+&cd=1&hl=en&ct=clnk&gl=ph

Facebook is not directly involved in this scandal. Facebook has a lot of clients and one of them is Cambridge Analytica. What happened was Cambridge Analytica promised Facebook that they will delete the information of fb users on 2015. But they did not. Instead, they harvested the data on 50M users to create a fake news against political opponents for extortion.

PS. Don't create misleading news. Read it carefully.
Even if this is so, and Facebook is not really to blame, our data can still be threatened. I think the safest messenger is a telegram, and soon it will become even more closely related to crypto-currencies after the ICO.
hero member
Activity: 1330
Merit: 569
When I read the comment by Mark Zuckerberg on this issue, I felt disappointed despite the post coming up with taking responsibility and some form of remorse, it does not change the fact that they have failed in keeping the privacy of their users. The news of them releasing information of users is not new though as they have been given to government agencies of different who asked for it at several times in which they had no choice but to comply. The simple fact is decentralisation is the answer, this only became a scandal because the organisation involved has stepped on powerful toes and needs to be taken down. Mind you, this is one of Facebook's client and no one knows what they are doing with such information. Way out pending the time decentralisation will take over, be careful of the information you put on social media any one for that matter.
legendary
Activity: 2912
Merit: 3603
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Look. When corporations are involved, you can bet your ass that profit is the main, if not the only motivation. The facebooks, the Twitters, they're all collecting and selling whatever they can off you. Facebook got caught but they're all guilty, deliberately or inadvertently.

And if you think it's okay to have centralised leaderships in crypto, this should be a lesson to bear in mind. Zuckerberg was FB's point of failure... But we have many personalities leading their versions of crypto.
member
Activity: 560
Merit: 13
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


Yep. I completely agree with your point, governments has to think of this Facebook incident atleast and make Bitcoin legal tender usage in their respective countries. Privacy is the right of a human and if that is theft or hacked what other things safety is my concern. Government haven't steped down for this issue, if it is happend for Bitcoin then the whole world will be threatened with their action. Thank god for the advanced technology we use in Bitcoin.
sr. member
Activity: 658
Merit: 260
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That makes me happy because im not using this platform since many years. Though it is addictive I have overcome it since the day people in my circle got crazy about posting shit photos by editing it. That was awkward and I left it since hone. Lol. I thought Facebook was the most secure thing that we have until now but I was wrong and im happy that im wrong becasue this is anyway shit. We are now blessed with more secured social platforms which are running over the blockchain tech now. The block itself is giving extra protection to these projects thus they are way better than Facebook shit.
full member
Activity: 368
Merit: 107
Facebook is promoting many fake information. In addition to the use of fake applications, Facebook users have been embraced. If anyone uses those applications, then all the data is likely to be lost to the hackers. But it is possible to prevent hacking from avoiding these sarcasm. These news will only affect the cryptosystem. I do not think Cambridge Analytica has done so many recharges. It's a matter of viewing and thinking that "Decentralized systems could prevent a lot of this in the future."
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
Recently Facebook came forward with plans to create new terms of use to avoid the cryptocurrency based promotion. With this news already they were in a mislead path providing data to Cambridge analytica who have lead path for a party to easily get into governance as well on election campaign getting into the personal data of clients.
member
Activity: 140
Merit: 14
This is a very bad news for facebook. I do not want to believe that it is true.If true, facebook will lose a lot of users.Because people will lose confidence in Facebook.

People already know that. The ones that do not know the Facebook intentions and their habits about the keeping other people profiles and also sharing them if needed are the children which are just starting the Facebook profile and are actually to immature to realize the full concept of the facebook.
Crypto even if it can be tracked on the blockchain is actually a perfect measure against the hackers and the governments which are striving towards the control but the decentralization is obstructing the path to the control.
I am happy with the information that the more users will found out about the scammy intentions behind the big companies.
sr. member
Activity: 602
Merit: 252
Establishing decentralization in these aspects would put an end to private data leaks which have caused a lot of security concerns over the years. Even as Facebook admitted to their mistake of letting this happen, this certainly will not prevent future events of the same kind from happening and will serve as a reminder to the rest of the world for the need for decentralization.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
Recently, Facebook has been caught misusing their clients data.

a big company that is located in US is definitely going to share ALL the data of ALL its users with big 3 letter agencies such as NSA and CIA. they always pull some publicity stunts from time to time saying "we are resisting and won't give them anything" but they have been doing it all along.

that is why i am also always skeptical when i read things like this saying there was a "leak". i always think they are covering something up.
legendary
Activity: 1204
Merit: 1028
Facebook is not even useful anymore for your business. These damn bastards have put in bankruptcy a lot of online businesses that were using Facebook for advertisements. Now Facebook has become completely useless because the social side of sharing stuff is being taken over by Instagram.

According to this logic, it is not very clear why they act with such a sharp criticism of crypto currencies, and do not try to integrate into the new market.


It is obviously clear. If they didn't care to put in bankruptcy a lot of websites which used Facebook ads and were perfectly legal, then why would they care to stop ICOs? Most are scams, some are good tho, and the good ones will suffer because of that.

Facebook controls most of the ad traffic on the internet beside Google Adsense. Now all these online businesses are fucked.

Facebook is NSA friendly obviously so they will not be pro bitcoin.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
Facebook is not even useful anymore for your business. These damn bastards have put in bankruptcy a lot of online businesses that were using Facebook for advertisements. Now Facebook has become completely useless because the social side of sharing stuff is being taken over by Instagram.

According to this logic, it is not very clear why they act with such a sharp criticism of crypto currencies, and do not try to integrate into the new market.

They criticize it due to some ICO scamming events and might they don't want to get involved with this thing since maybe they will be sued by the authorities if they let those ICO scammers advertise at their site. But I wonder on what will happen on the facebook accounts on future times since those date leaking are so lame act by the facebook team.
hero member
Activity: 770
Merit: 501
Facebook is not even useful anymore for your business. These damn bastards have put in bankruptcy a lot of online businesses that were using Facebook for advertisements. Now Facebook has become completely useless because the social side of sharing stuff is being taken over by Instagram.

According to this logic, it is not very clear why they act with such a sharp criticism of crypto currencies, and do not try to integrate into the new market.
hero member
Activity: 1680
Merit: 655
That is one of the problems here, privacy of our personal life is one of our basic fundamental rights given to us by our constitution without it our life would be owned by someone else. If Facebook is caught guilty with what they are doing they must have a penalty internationally and must pay compensation and damages to all of the persons whose accounts are affected. I wouldn't be surprised is Facebook is also monitoring us with our mobile phone's camera, the possibility is there folks and we don't have the ability to reveal it.
hero member
Activity: 1050
Merit: 529
This is a very bad news for facebook. I do not want to believe that it is true.If true, facebook will lose a lot of users.Because people will lose confidence in Facebook.
I agree with you, this is bad news about facebook, and if it really happened, its impact on facebook users, facebook users will decrease because people think facebook is not safe.
Facebook did take a huge hit because of this their stock fell significantly. Some paranoid people are saying that Facebook sells data to NSA and such, don't if that's true but you can never to sure. IIRC Edward Snowden also accused Facebook of the same.
member
Activity: 420
Merit: 10
www.coinxes.io
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.

A hot potato. This is very impact on the reputation of Facebook is getting worse, which is actually a few days backward also happened on Facebook, this news is the most important, which can be much attention from famous people and all its users, reaping inconvenience in the use of Facebook, all will impact on large-scale user reductions as it has gained a lack of trust.
full member
Activity: 333
Merit: 215
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Yep. Decentralization of everything would be best. I think that there are few icos for decentralized social platforms and I predict that after this scandal they should become really popular. Anything that goes against few heads in control sounds good to me, it feels terrible to be a puppet in this world and to know that the government and other top coorporations can tell the brand of the underware I am wearing right now. It sucks to have no control over our personal information and have it sold so we can be manipulated.
newbie
Activity: 51
Merit: 0
If you study marketing or advertising in general you will learn that data is vital for their targeting. I suggest some of you guys read the filter bubble. Every time someone uses a "free" app or game related to or not to Facebook you give up rights to use it.
For example,
you download FB on your phone. In return you get to use the app but you give up tons of your data to use the messenger app. That data can many times also be requested by 3rd party apps or games. Those apps may not have highly secure data centers as opposed to FB. Even if they did, data is being sold all over the world for fractions of cents for each persons records.  Probably not the best case but regardless if your info is online just assume it's being sold unless you use highly secure stuff. Which there probably is ways like vpn's not being signed into facebook or google etc. while browsing the web.

Anyhow, it is a good reminder of why privacy crypto is the future. At least that little buckets of information won't be tracked or sold on the market like credit card transactions are at the moment to  other  credit card vendors.  Just look at the opt in or opt out forms you get when getting a credit card. You can only opt out of so much...

FB screwed up pretty bad.
sr. member
Activity: 532
Merit: 255
Facebook is a great business but very easy to intervention by local governments or the global elite, now the facebook team has acted recklessly by dissecting the privacy of others. So, it isn't strange if this networking site will bear the sin and abandoned by its users.
sr. member
Activity: 616
Merit: 256
Whether the report is either legit or not the biggest business in Information Technology(IT) industries today is collecting data whether it is personal,political,commercial or any other data that is useful to collect from its competitors or any rivals. Social media and other internet based services are susceptible to data mining. It is us the users are most of the victims of data mining being vigilant does not guarantee us that some of our data are being leaked. Once we are hooked on this online world there is no doubt we are closely monitored by other agencies.
member
Activity: 172
Merit: 11
When I first read this news my first thought was to short Facebook stocks and not for the short-term. The more and more of these scandals there are it seems logical that people will eventually make a stand against these things. Facebook already has a longer life span than the average social media platform and if they keep spying on people and allowing others to do so then it's not going to end well for them. The real question becomes, are Facebook and those in control too powerful for such a thing to happen? Not to mention, how many of these such scandals do we not even know about yet? I bet this is just the tip of the iceberg.
hero member
Activity: 952
Merit: 500
It was really a shocking news to hear.It reminds about Assange who said that Facebook is the biggest spy machine in the world.Also,we should not forget that even google is said to share datas to the US government.By this way,it shows that our privacy is in great danger and we should be cautious in sharing our personal and confidential details.
jr. member
Activity: 126
Merit: 3
Some sources say that facebook is trying to get into some countries,

To disclose the information of users in this country to their government,

This makes users lose faith in facebook!

Facebook faces huge fines!
jr. member
Activity: 140
Merit: 2
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


You should have included the source of this news:

https://webcache.googleusercontent.com/search?q=cache:M_A8_sEXMP8J:https://www.wired.com/story/cambridge-analytica-execs-caught-discussing-extortion-and-fake-news/+&cd=1&hl=en&ct=clnk&gl=ph

Facebook is not directly involved in this scandal. Facebook has a lot of clients and one of them is Cambridge Analytica. What happened was Cambridge Analytica promised Facebook that they will delete the information of fb users on 2015. But they did not. Instead, they harvested the data on 50M users to create a fake news against political opponents for extortion.

PS. Don't create misleading news. Read it carefully.

Attempting to not blame it within Facebook directly is delusional at best. They are working with NSA and other triple letter agencies. They are directly to blame in piling up all that endless information of users. They shouldn't be collecting any logs and let alone selling them to god knows who.

Facebook is not even useful anymore for your business. These damn bastards have put in bankruptcy a lot of online businesses that were using Facebook for advertisements. Now Facebook has become completely useless because the social side of sharing stuff is being taken over by Instagram.

I'm not saying that I'm with the side of Facebook or even covering their ass. What I'm just pointing out is the accuracy of this post. If we are to pin Facebook down for an illegal data mining scandal, we should do it with accuracy and high responsibility. Not just accusing them of something without a hard evidence.

You may be right. Facebook may have dodge the bullet this time by pointing fingers at Cambridge Analytics. But still, the main suspect of this news is Cambridge Analytics. So the next time we put up a post, our reports should be accurate, backed up with sources. If not, it will remain a heresy.

You can perhaps cite a website or an article that is trusted to show Facebook is being pinned down for this scandal. That would be wonderful.
newbie
Activity: 162
Merit: 0
This is a very bad news for facebook. I do not want to believe that it is true.If true, facebook will lose a lot of users.Because people will lose confidence in Facebook.
I agree with you, this is bad news about facebook, and if it really happened, its impact on facebook users, facebook users will decrease because people think facebook is not safe.
legendary
Activity: 2562
Merit: 1441
In years past, the public had more control over how their personal information was shared. If a household their name and address delisted from a phonebook that option was presented to them. With the introduction of the internet, that precedent was abandoned. Today its not difficult to obtain someone's personal information via background check or personal information sharing websites like intelius.com which charge a fee for giving out other peoples key info. This precedent may contribute towards identity theft and other negatives.

Facebook is unfortunately only the tip of the iceberg as far as data mining goes. It might do well for the state to intervene and introduce mandatory regulation which guarantees people an "opt out" option as well as introducing stricter and harsher penalties for the abuse of personal information.

Data sharing is one area where regulation could have a good potential to bring about some positive change. One might say better regulation of information sharing has the potential to do much more good in the world than bitcoin regulation.
full member
Activity: 252
Merit: 100
This is a very bad news for facebook. I do not want to believe that it is true.If true, facebook will lose a lot of users.Because people will lose confidence in Facebook.
sr. member
Activity: 2338
Merit: 365
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.

decentralization is the best concept I think a data is not centered, and not united by one side, hopefully with this incident many open eyes..
member
Activity: 266
Merit: 12
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


This is a fact. Because if you try to examine those emails in your email address inbox, those messages pop ups an dother things in which you did not subscribe or anything. Facebook actually is big company and they are also making income by selling or giving data to other corporations.
newbie
Activity: 4
Merit: 0
legendary
Activity: 1204
Merit: 1028
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


You should have included the source of this news:

https://webcache.googleusercontent.com/search?q=cache:M_A8_sEXMP8J:https://www.wired.com/story/cambridge-analytica-execs-caught-discussing-extortion-and-fake-news/+&cd=1&hl=en&ct=clnk&gl=ph

Facebook is not directly involved in this scandal. Facebook has a lot of clients and one of them is Cambridge Analytica. What happened was Cambridge Analytica promised Facebook that they will delete the information of fb users on 2015. But they did not. Instead, they harvested the data on 50M users to create a fake news against political opponents for extortion.

PS. Don't create misleading news. Read it carefully.

Attempting to not blame it within Facebook directly is delusional at best. They are working with NSA and other triple letter agencies. They are directly to blame in piling up all that endless information of users. They shouldn't be collecting any logs and let alone selling them to god knows who.

Facebook is not even useful anymore for your business. These damn bastards have put in bankruptcy a lot of online businesses that were using Facebook for advertisements. Now Facebook has become completely useless because the social side of sharing stuff is being taken over by Instagram.
jr. member
Activity: 140
Merit: 2
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.


You should have included the source of this news:

https://webcache.googleusercontent.com/search?q=cache:M_A8_sEXMP8J:https://www.wired.com/story/cambridge-analytica-execs-caught-discussing-extortion-and-fake-news/+&cd=1&hl=en&ct=clnk&gl=ph

Facebook is not directly involved in this scandal. Facebook has a lot of clients and one of them is Cambridge Analytica. What happened was Cambridge Analytica promised Facebook that they will delete the information of fb users on 2015. But they did not. Instead, they harvested the data on 50M users to create a fake news against political opponents for extortion.

PS. Don't create misleading news. Read it carefully.
newbie
Activity: 4
Merit: 0
Recently, Facebook has been caught misusing their clients data. Cambridge Analytica, a data firm, has gotten access to over 50 Million private Facebook accounts. Private details of peoples’ daily lives were leaked to corporations.

It’s not just Facebook. Corporations have huge amounts of data about us, and even if they don’t misuse it, hackers could get into their databases. This shows why we need crypto and decentralization. Decentralized systems could prevent a lot of this in the future.
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