Post
Topic
Board Economics
Re: Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say
by
o_e_l_e_o
on 23/12/2018, 15:20:27 UTC
It's incredible how egregious the privacy violations are with major social networking apps, but nobody seems to care. Most people I talk to have no interest in using Signal. Messenger still seems really popular.

I mean, not only to people not care their data is being leaked, hacked and sold, but they are quite happy to give increasing amount of personal data away for free. It's not just Facebook/Google/Apple knowing your name, email, phone number, address, job, location (in real time), friends, schedule, etc. Although this is bad enough, and more than enough data to steal someone's identity or figure the optimum time to rob their house, people are now actively bringing surveillance devices in to their houses, and paying for the privilege, in the form of Amazon Alexa or Google Home or similar devices.

These devices record everything that is said (and in some cases record video 24/7 as well) and send it to some unknown database for storage. We have no idea what that data is being used for, but I would bet every satoshi I own that it is being analysed and sold to third parties. Talking a lot about feeling ill or unwell? I'm sure your health insurance company would be interested to know that. Talking about money worries? I'm sure anyone you are contacting about a loan would pay for that kind of information.

It absolutely boggles my mind that people are so willing to give away every intimate detail of their lives. The same could be said for half the users on this forum who send their KYC documents to some anonymous bounty campaign in exchanges for a few cents worth of the newest trash token.