Facebook Scandal and what it means for Bitcoin

[Prodigye]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

[KrishaBitcoin]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

[Palmerson]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

[marielbeckham]

Honestly, I don't suppose this to have something in common at all.

[palle11]

Talking for the facebook scandal, I guess you are also talking about the social network provider's fud, I don't see it relating to bitcoin directly although it might be having some investors having a second thought about investing in bitcoin.

[BitTrident]

     I am not directly informed regarding this subject, so my opinion is based only on my personal assumptions from information currently available. I don't think that this Facebook scandal will amount to much. I think that we will find that the whistleblower is grossly misrepresenting the effectiveness of Cambridge Analytica and their invasion of our privacy.

     You have to remember, Facebook is a social media platform. Cambridge Analytica only got access to information posted to peoples profiles. A majority of these individuals affected have profiles that are made public, which means anyone had access to that information. The only individuals whose security is truly considered "compromised" is any individuals with privacy settings.

     I think that the only reason this story has gained so much traction is that of Cambridge Analytica's ties to the Trump Campaign. Facebook will release any information that was compromised and individuals will likely see for themselves that they don't really care about the leak. If you want to protect your information, don't be giving authorization to every stupid application that asks for it.

-I don't think that bitcoin plays any roll in this "Facebook Scandal" nor should it.

-If you want to talk about real invasion of privacy, we should be looking into Google Adsense.

[Mahanton]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

In short not only Facebook would potentially having this kind of issue.Even on all sorts of those parties who do require users information which would really possible leaked those informations.The thing here only is that Facebook is a well known and a big company which means this would really goes viral on all sorts specially most people do always prefer on their privacy even non crypto related fb user would really react into this one.
For bitcoin relation i dont see any correlation to this matter.

[avikz]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I won't say that blockchain technology can't offer solution to facebook but we are yet to discover how! A public ledger is good for financial transparency but facebook is fairly complex platform so I don't think any company currently possess such technology so that it can offer solution to facebook. We need more research and development activities for blockchain to be able offer solutions to real life complex issues.

[Thanasis]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

Ehat I heard is that Facebook sold the user information to the corporate so they did this intentionally not someone who hacked their accounts or servers,so introduction of new system is here no needed.

[Proton2233]

Everyone talks about Facebook, but nobody talks about other big corporations. Do you think Google stores less personal data? I'm sure Google is more dangerous. Google keeps a history of visited pages. This can give even more information about the account owner. After this scandal, Facebook has financial problems. I think they're not giving up on the ad. Now, Zuckerberg is such a situation that he will agree to advertise even drugs. Lol!

[jseverson]

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

The original post was saying that Bitcoin and blockchain technology can offer solutions for such issues though. The example you mentioned actually adds to the problem lol.

But yeah all this scandal means for Bitcoin is that you don't share your data recklessly. I don't think blockchain technology can help either because it can't stop anyone from selling any data.

[Gadhoh]

Facebook bans all ads promoting digital currencies, including bitcoins. The goal is to prevent people advertising what Facebook calls financial products and services that are typically synonymous with fraudulent promotional practices.

[pey]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

This is also nothing to do with bitcoin, there are decentralized exchanges you can use if you don't want to give your personal information. These concerns are good considering the future of blockchain technology.

[Grossmann Jr.]

Yep, for blockchain it seems to be very up-to-time. This tech can really solve the problem of privacy and honesty

[KrishaBitcoin]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

We are talking about Facebook scandal in which our personal data of privacy like our pictures, personal information and details are fully shared to Facebook in which some of these personal data are taking advantage by Facebook like making a free survey to the personal data specially to the pictures that we shared and sale those gathered survey to the companies for their future product new trends. Bitcoin and Block chain has nothing to do with this current findings.

[carlfebz2]

Everyone talks about Facebook, but nobody talks about other big corporations. Do you think Google stores less personal data? I'm sure Google is more dangerous. Google keeps a history of visited pages. This can give even more information about the account owner. After this scandal, Facebook has financial problems. I think they're not giving up on the ad. Now, Zuckerberg is such a situation that he will agree to advertise even drugs. Lol!

Every scandal would really have always a corresponding effect towards into their company.Possibilities of financial problems would arise but yet decisions would be made will be entirely depending into them.Its normal for the crowd to talk mainly on facebook rather than on other big corporations since facebook is popular and a single issue would really scatter like wildfire.I agree on the thing you compared it to Google which is really more dangerous when it comes to data accumulation.

[nice_hoody_bro]

It can have a positive influence on the crypto market
The situation is very unpleasant, blockchain can solve the problem

[orions.belt19]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I think Bitcoin has nothing to do with this Facebook scandal regarding our personal data of privacy in which they say that in reality the Facebook is taking advantage of our personal data for them to earn. In fact we are not force to join FB and other social media site just to become their users. Bitcoin is a crypto currency investment while FB is advertising services investments in which we can see huge difference between these two form of businesses.

You're wrong. In order to register on the exchanges, we are required to provide personal data. We do not know how this data will be used in the future. Perhaps we will see the same scandals, but with the stock exchanges. There are also many ICOS that require the provision of passport data. There are a lot of scammers and I think that the leakage of information from there will be mandatory.

The requirement of KYC is actually starting to become controversial. Not many are happy with having to provide their personal information, and they don’t understand why it is needed. Scams are made and information are phished through some of these airdrops or ICOs. This can’t be avoided so the same scandal may happen even in the world of cryptocurrencies. As users, we must be cautious and know how to protect our personal data.

[Lieldoryn]

The "know your customer" requirement is only needed by the government and bankers. I'm sorry that the world of cryptocurrencies could not protect against this requirement. This happened because we could not completely abandon the use of Fiat. Perhaps in the future bitcoin will become a currency and this requirement will leave the world of crypto.

[Biscutard]

The recent Cambridge analytica scandal with Facebook has raised concerns about the protection of user privacy, I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

You are overreacting to this issue, as i have read, even the found of Facebook, Mark Zuckerberg is not totally worried about this and it seems that it's just a human error which causes the leak of their personal information. With all of these issues all about Facebook, crypto currency can't do anything to it. It doesn't affect the prices, only traders can.