Post
Topic
Board Altcoin Discussion
Re: GDPR data protection act also in BTT?
by
Liberdy
on 13/03/2018, 08:26:26 UTC
I just read an interesting article in nytimes:

https://mobile.nytimes.com/2018/03/06/business/economy/user-data-pay.html?smid=fb-nytimes&smtyp=cur&referer=http://m.facebook.com/

basically it states what the world could have been if google, facebook and other massive organizations would pay us for the data they harvest from our use of their services and being sold for advertisers.

new GDPR regulation starting in may obligate all data harvesting companies (mostly in EU countries) to get a consent from their users. this is a real revolution in the data world. until these no publisher paid any attention to the user. now the user most pay his consent in order for the organizations to use it. and also the user can own the information and remove it or sell it.

so after all of these my question is in regard to BTT is if the keep any information about us and if so will they ask for our consent after May?

thoughts?

If you have voluntarily signed up for something and if it was made clear what your data will be used for and you have given your consent, e.g. by clicking on “I agree to the terms and conditions”, then there is no need to ask for consent again.

You have to know that the EU data protection regulation has already been in force for many years. The only new thing is that there are very strict penalties if a company does not comply and that consent has to be given very clearly, while previously an implicit consent could have been enough.

perhaps companies didn't really pay much attention to it until they will be fined. but you have to agree that this is a two way street. you provide the data and you are also the one being sold products too. of course you can just log out of google or facebook. that's why most people just agree to any terms.
i think that now when you see GDPR more on the news or in the media world it can make a strong affect to our power as users. i come from the media world and i can tell that a lot of companies that specializes in retrageting  suffer from this regulation and most of them facing termination these days. some really big ones!


I have a business law background and I fully agree with you. Now that severe fines are on the table companies pay much more attention to data protection and have come to realise what a pain the back it is.

Yes Exactly!