Facebook Scandal and what it means for Bitcoin

[Aleister Crowley]

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.

excessive reactions may be conveyed because some secret related data related to crypto stored on facebook can leak ,, but it is true, this is not related to bitcoin and blockchain based technology and will not affect the price drop

[yojodojo21]

This might be an unreasonable issue, facebook data privacy is very different to bitcoin 's blockchain technology data privacy, facebook is updating every trice a month or more than that adding some algorithm to make the privacy of a user be more private than usual, but, basing on uploading pictures or some location you are in, then you are really visible to person who are allowed to see you. Therefore if we are talking about bitcoin then all transaction will depend on the exchange site or the wallet if you want to make it transparent, In other words, Bitcoin is more secure than facebook. However, this two social media tools are incomparable.

[Palmerson]

This might be an unreasonable issue, facebook data privacy is very different to bitcoin 's blockchain technology data privacy, facebook is updating every trice a month or more than that adding some algorithm to make the privacy of a user be more private than usual, but, basing on uploading pictures or some location you are in, then you are really visible to person who are allowed to see you. Therefore if we are talking about bitcoin then all transaction will depend on the exchange site or the wallet if you want to make it transparent, In other words, Bitcoin is more secure than facebook. However, this two social media tools are incomparable.

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

[darkangel11]

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

It's not about public or private viewing! The blockchain-based social media will allow you to fully control your data. Nowadays if you want your account to be closed, you can ask FB for it, but they will most likely never delete you from their servers. There's a reason why by accepting their TOS you're allowing them to use your data for promotional reasons and so on.
The new social media will not only allow you to decide who sees your profile, but they will also allow you to delete the account at will and be sure that even if the data gets stolen from the cloud, nobody will be able to read it without a key.

[pedagang2]

maybe that's good news for crypto world, because then the facebook will open wide again for cryptocoin to promote.

[sunsilk]

maybe that's good news for crypto world, because then the facebook will open wide again for cryptocoin to promote.

That news isn't good for crypto world or even in real world.

People are worried about their data that was spread so I don't think that's really good for the users that are using facebook.

But facebook isn't the only website that is using our information and identities, there's google and other social media platform and video sharing websites.

They will even ban bitcoin advertisement so I don't think they will have an idea that blockchain technology is a good adoption for their platform.

[stomachgrowls]

If the information on your Facebook account is closed for General viewing, other people can not see it. In the blockchain system, everyone can see transactions of any user. You can't have details of the owner of the wallet but at the big desire it is possible to learn. I think the blockchain is more public than Facebook.

It's not about public or private viewing! The blockchain-based social media will allow you to fully control your data. Nowadays if you want your account to be closed, you can ask FB for it, but they will most likely never delete you from their servers. There's a reason why by accepting their TOS you're allowing them to use your data for promotional reasons and so on.
The new social media will not only allow you to decide who sees your profile, but they will also allow you to delete the account at will and be sure that even if the data gets stolen from the cloud, nobody will be able to read it without a key.

Ive been waiting for someone to create such new social media platform which privacy is the main concern. If this thing exist then facebook would be no more.
This isnt really affecting positively in bitcoin. Government can always asked information if they'd want to since its regulated anytime info can leak out and as a user you arent aware that its already stolen in the cloud. Not only facebook but all social platforms.

[Tigorss]

there are quite a lot of dangers that occur and experienced consumers because of digital money tempted. the anonymity nature of Bitcoin can cause a fatal thing if it spreads to various countries through facebook.

[Mingazee]

I think it means almost nothing to bictoin. Actually some people compare the security of bitcoin and lack of security of Facebook, but I don't see any correlations, these two phenomenons are opering in different markets

[terrific]

I think this is an opportunity for Bitcoin and blockchain technology that offers a solution to this issue.

I don't think that this is something that we should tackle. It doesn't have any connection to bitcoin and Mark Zuckerberg gave statement about cryptocurrencies.
And that his that his social media platform is going to ban all paid cryptocurrency advertisement. But the mystery is when they will start banning ads because I can still see some ICOs there.
What's good in an article that I've read, they said that they might check the rules and try to change some of it which makes them possible to remove the ban.

[crisanto01]

I felt sorry for the founder of facebook, why he is accusing him for something that they might accused in him in the first place, why the accusations has incurred now? Because he is already making billions of dollar now, it is so unfair for him. Actually, we must be thankful for him we have given facebook it changes life and everything.

[JC btc]

There is also a news circulating around the facebook that it will delete by the founder, I hope that it is not true and will not happen, so many things that facebook has done in our life just like in bitcoin , if people became addicted in it, it is already their fault, anyway with regards to its connection well I don't think bitcoin will be affected much when that happens as bitcoin is already established.

[jhongzjhong]

The largest social media platform Facebook is now facing the problem regarding hacked database on it, technically it might be accessing your account without knowing you. In that case, even how secured your Facebook still be they probably got access to it, which is tackled the head of all people who have a Facebook account. Which means not safe.
While in other hand bitcoin technology is not accessible to others especially scammers, it is transparent to others because they will know what your transaction is. Unlike Facebook, you can hide which not do you want.

[budz0425]

The largest social media platform Facebook is now facing the problem regarding hacked database on it, technically it might be accessing your account without knowing you. In that case, even how secured your Facebook still be they probably got access to it, which is tackled the head of all people who have a Facebook account. Which means not safe.
While in other hand bitcoin technology is not accessible to others especially scammers, it is transparent to others because they will know what your transaction is. Unlike Facebook, you can hide which not do you want.

There is really no secure right now, hackers will gonna do what they want for them to hack things for their own sake, that is why secure things out even in facebook, don't just tell all personal information on it because it might give chance that they will gonna use your info.

[Palmerson]

This Facebook story just convinced me that I need to do everything to get away from using Fiat as quickly as possible. In this case, the exchange will be exempted from the obligation to take personal data of its users and cryptocurrencies will again return to what they were invented for.

[cellard]

If you have bitcoins you shouldn't be using facebook or anything of the like. I remember a lot of people putting bitcoin addresses on their facebook pages which is ridiculous. They have bots which will scan for the format of bitcoin addresses and they will link these addresses to your facebook name, profile, pictures etc. Im sure this is happening already. Then they will have a database with your real data and your bitcoin addresses.

Just don't have social media at all, and if you do, never post a bitcoin address (or any altcoin address for that matter).

[Theb]

I think a blockchain like technology can provide enough security for the privacy of its users. Facebook the most popular social media website in the world is a treasure trove of personal information (some of it are sensitive) and that info is being sold to companies for their own personal gain. At least knowing who they are and what they are doing to the data they are collecting from our info can give us a peace of mind. I am sure a lot of us have seen how Mark Zuckerberg dodged a lot of questions in the hearing but we all know that this "ad space" they are selling are targeted on us personally based on what we search and what we look.  Providing this kind of technology will give us assurance that our information is not getting into the wrong hands, but for this to be able to work Facebook be cooperative and truthful to the system.

[crisanto01]

I think a blockchain like technology can provide enough security for the privacy of its users. Facebook the most popular social media website in the world is a treasure trove of personal information (some of it are sensitive) and that info is being sold to companies for their own personal gain. At least knowing who they are and what they are doing to the data they are collecting from our info can give us a peace of mind. I am sure a lot of us have seen how Mark Zuckerberg dodged a lot of questions in the hearing but we all know that this "ad space" they are selling are targeted on us personally based on what we search and what we look.  Providing this kind of technology will give us assurance that our information is not getting into the wrong hands, but for this to be able to work Facebook be cooperative and truthful to the system.

You ae right we can do that if the facebook company would want it to happen. Right now what we should do is to at least limit our details that we are providing in facebook so that when our fb was hacked no reason at all to worry for  using our info.

[Granxis]

I think it is a huge security weakness that FaceBook can not protect personal datas, but Bitcoin has not been affected, even Bitcoin has been positively affected. Facebook have fallen on the stock market, but it's been a positive week for all the crypto moneys.

[t2yax]

This kind of scandal should not be repeated, in case any of this kind of scenario will repeat itself, you can say that it will be punishable, but we cannot say that it is punishable, perhaps there would be a solid proof that can be analyze well. We do not know who will be the one whose involve with. Just like in bitcoin, we cannot say that bitcoin is on its security and safety at its finest. We should look up to our own security and privacy for our own bitcoin.