Bitcoin Forum

Saw this really good read talking about facebook's cambridge analytica/data exploitation scandal and how that's bringing about new companies that are changing the relationship between data and users: https://www.blockchainmagazine.net/facebooks-blunder-ignite-blockchain-data-privacy-movement/

What do you guys think?

I think now is the perfect time for something like that. good read too, thanks

 This is the greatest event that could happened to data owners. It's a welcome development to the internet of things. Data is the oil of the economy and I think the control should be in the hands of rightful owners. Thanks for the information.

I am thinking the same thing. There is such a big opportunity for a project like this one to come in and actually reward us for our attention. big fan of algebraix

I also looked into Algebraix and it's pretty promising. Have any of you guys signed up for their airdrop?

they claim that your private info belongs on your phone...

i'll pass with that flawed logic

it seems like at this moment the centralized system is a little bit risky to use, now we will think the privacy & decentralized system are the good choice to replace all of that thing. I know it will be hard since just a few people that knowing this technology, and off course will be hard because some of industry or even goverment need centralized system to know your privacy.

I think the data is stored on your phone and protected with smart contracts. Even if someone got ahold of your phone they wouldn't have access to it lol. But DYOR and read their wp before you make that decision. https://algebraix.io/wp-content/themes/algebraix/uploads/Algebraix_Blockchain.pdf

This would be a great privilage to face. It can became a thing that many of us could only dream about, but as always, we will se, if it happens

With blockchain technology out there, and with such huge support base, it was only a matter of time before something like this appeared. I guess we can expect more and more projects like this.
But some how I have a feeling that our private data will never be as "private" as we think, speaking in general of course. I don't say that this project is bad, this could be next best social media out there.
Its good to see that people are thinking about using blockchain for more then just cryptocurrency and tokens. Will follow this project. Who knows, it maybe turns out to be a good one.  ;)

I think this one will be great. I read into the wp and team and everything looks solid. One thing I really like about this project is that you can play with their product right now since they have their beta tester airdrop. the app has great UI/UX and they're very active on telegram and very open to feedback.

I would see for yourself. this is a great step forward to the future of data privacy/rewards.

Really interesting, especially with what's happening with facebook. Hope to see something big come out of it.

I don't understand why you need privacy in social network? I believe that people use facebook for unlock yourself.

wtf?? Privacy of user data lol. That's why there was a whole scandal with facebook since they were selling user data to companies. It's important because these platforms know a lot about us and our behavior. They make billions off of our info.

Yeah now thats true and I can bet more than 10 BTC on this statement. I even think that many other social platforms might just have started re-weritign their of terms and condition after Facebook caught on fire with the law suits. We know very well the whole world is connected with the internet and everything other platform is doing the same thing as the Facebook did. I think they have more or less started looking after the matter when this scandal happened.

Blockchain is already getting new wings when we see that scandal coming. I am sure blockchain will be new brand of the privacy now onwards.

i'm glad this is creating a movement where companies are held accountable. I also think the project mentioned is a perfect direction for consumers and advertisers. Big fan of algebraix just based on the idea and team

imo this is a great project with lots of potential. i think it's about time we keep our data safe from google, twitter, and facebook.

What privacy you are talking about? blockchain aims to have more transparency to almost everything which is why we should be looking forward to this a long time ago,the privacy of facebook users are worthless as this shit social media platform has leaked a lot of data,what a shit platform facebook has become they are aiming for better privacy which they cant have.

This scandal actually is not the only one, it is the only one big we know. Blockchain can secure the data better, facebook try to secure the data only as they use the date to make money  :)

this exactly. I see a lot of great benefits with something like algebraix. great way to make some money watching great content. have any of you downloaded their app?

I strongly support this plan, and indeed data protection is needed in a secure and intact database, so not everyone is given free access to use it

have you guys looked into algebraix? fascinating project with an app out. You keep what you earn too. https://t.me/Algebraix_Data

Has anyone followed up with what Algebraix is up to?? Anyone download their app??

I downloaded the app and it's pretty awesome. lots of great content and ways to earn. I see a big future for algebraix just based on the team and app

this is really great idea,, i hope i can joined with the project
because privacy will be the winner in blockchain tech competitions

i read this link in short- if i right understand- this link about integration or using blockchain in real sector
that is a good anounce, but is not a new for any of all here- this is not a index of usability of real crypto from our markets)

I think people are realizing the importance of privacy as time goes by. So we might start to see more privacy and security based coins and tokens, while also using blockchain.

couldn't agree more!! I am all about privacy and data protection. Algebraix is a great platform and blockchain project  :D

blockchain systems like this already should be implemented in a variety of fields. of course, this will make a very useful of course. the blockchain is not about crypto only and of course, this sort of project would be nice if more show up.