This is the story of a sad crypto-enthusiast. During the dark ages of crypto, earning passive staking income, came with rampant paranoia and costs that were too high to bear. Every night was fueled with the fear and gripping terror, that your tokens could be stolen at any second. Crypto enthusiasts would go to ANY length to have security.
Saving ourselves through blockchain
Posts made by Jedida
When you think about privacy violations, do you think about 1984 style mass surveillance? Many people do. But there are other large and powerful entities that can commit another form of privacy infraction — that against the business owner. A larger company that provides a service to a smaller one can use its access to the smaller company’s business data as a way to compete with the smaller, dependent business.
This is called “opportunistic behavior” aka ‘screwing partners over’, and happens specifically when two businesses enter into a contract with each other but are both serving customers in the same industry, and one decides to take advantage
And what does this have to do with crypto?
Crypto is built on blockchain technology, built for decentralization. Platforms such as marketplaces can be built on blockchains, which are resistant to centralized power imbalances where only central participants receive benefits. In the case of marketplaces, both the sellers and buyers can own the platform so that the sales channel, Amazon in our example, does not make major decisions that only benefit it.
The key detail that gives sales channels this power to undermine its sellers is ownership and control over sales data. An alternative is to provide a medium for sellers and buyers to transact on, where sales data is not automatically shared because there is no central ‘owner’ of the platform, while there is still a way for over-arching decisions to be made.
Particl is a crypto based privacy platform, secured by high-level privacy technology, that mainly being RINGCT, on the stable bitcoin codebase. It is also building its first decentralized application, a decentralized marketplace, and this is the current focus of the development team.We are all looking forward to the upcoming hardfork that will release governance and RINGCT on mainnet. The final thing, governance is at its final development stage. Both of these will mean the marketplace can move on from its alpha testnet stage. The hardware cold staking release is out with a tutorial available. Staking pools are on the horizon. The team is confident in its proof of stake consensus system. And we have some ideas about the future funding round but that is still to be discussed.
Join Desi-Rae for an exciting, futuristic, and informational interview with VUToken CEO Ciaran Foley. VuToken stands for Virtual Universe Token, and is a role-playing game that promises to employ blockchain technology, allowing players to earn and trade using cryptocurrencies, within an open-world virtual universe. Ciaran gives us more information about the storyline, the combination of blockchain technology and virtual reality technology, and how these can enhance the individual’s game-playing experience. VU token is currently completing its token sale until September 30.
Recently, I was browsing the internet when I came across a couple of articles about how Facebook had suspended the account of Cambridge Analytica, a data firm that had been involved in aiding political campaigns by harvesting the online profiles of about fifty million of its users. Even though there were a variety of responses, many users seemed deeply concerned by the thought that their privacy was being robbed.
To begin with, privacy in cyberspace involves the ability to choose what information one would like to share about oneself. It is one of those familiar values that seems unproblematic until we start to think about it. According to Wikipedia, privacy is the ability of an individual or group to seclude themselves or information about themselves and thereby express themselves selectively. The Merriam-Webster dictionary describes privacy as the quality or state of being apart from company or observation; seclusion or solitude.
At the beginning, I mentioned that privacy was being robbed. I would like to focus on the word “robbed” because it came up very quickly when I started contemplating the concept of privacy. When you are being robbed of something, it means that you own it. Your thoughts and expressions that you put out into the world originate and emanate from you as an individual. You might use someone else’s medium to share them with the world, but they are still coming from you. Even though you are using someone else’s property, you are only using it as a channel for a specific purpose and once it falls outside that purpose then there is a violation of your privacy. However, privacy here doesn’t exclusively mean protecting ourselves and our contents from someone else. It also entails trying to protect someone else from something, for example, a small child who might be vulnerable. Sometimes there are things that you know might harm someone in some way, hence, you try to keep that information from them, or provide guidance when and where necessary. So privacy doesn’t have to be all about protecting yourself; it might also mean protecting someone else.
However, privacy doesn’t necessarily have to be about protection at all, it could just be about creation and creating oneself. The way I see the world is that we are all sort of art in motion. What I mean by this is that we are all creating ourselves. It might not be that you fear someone seeing something; it might just be that you wish to present yourself or be perceived in a certain way. If someone takes that ability away from you, they are essentially meddling with how you choose to express yourself into the world.
Modern Day Application of Privacy
Privacy is definitely a fundamental human right. We may not need the UN Human Rights Charter to tell us so, but it does. But different countries have different ideas of what should and should not be protected. Privacy laws protect different types of information and they are not only concerned with the medium that you use to communicate information but also in the storage of your personal information. Some of that kind of information could be medical information. For example when you go to the doctor, you have to share some information with the doctor but you are only sharing such in the context of helping you get well. There are laws that prohibit the doctor or someone else from using that information for a different purpose. There are also financial privacy laws as well as those that are about protecting one’s privacy in their home.
There is increasing institutional interference in the average person’s command of his privacy, through legal and illegal means. Just as in the United States where there exists a Foreign Intelligence Survey Act, and the NSA gets surveillance warrants against foreign spies, countries that have authoritarian regimes tell their citizens what they basically can or cannot do and monitor them to see their activities. However, it’s important to understand that it’s not just the government that wants access to user data. With the continuing emergence of new technologies, we must become more careful and critical with regard to commercial interests for whom personal data is a valuable commodity to be bought and sold. Many vendors of online products have begun to incorporate personalization features into their search-and-retrieval interface, inviting users to create personal profiles and online repositories where they can record their research interests, search strategies, and favorite articles.
It is becoming increasingly difficult to protect user privacy since our understanding of privacy has shifted as our technology has shifted. This is due to the fact that the way we share our personal information has become more complex over time and the laws over time have had to expand and become as complex. The reality now is, even though there are laws that are put in place to protect our human right to privacy, it requires trust.
The real solution would be to create a system that is trust-less, where we do not need to rely on others or technology that is not completely dependable. We may not always need to rely on MasterCard or Visa or the storage of our medical information in databases with compromised security. And that is the next advancement for humans when it comes to our relationship with privacy. Privacy and trust are closely intertwined. If we can decrease the level of trust required for strangers to run our technology efficiently, we can be more sure to protect our privacy while advancing technologically.
In conclusion, privacy is a huge part of our social experience and how we interact with the world. The way we interact with the world is becoming even more complex and so the technology that we use has to match. The best scenario is to have a “trust-less” system where, for example, in the case of what happened with Facebook and Cambridge Analytica, all the users who were giving different responses, are able to decide how much they are willing to share, without having to depend on the words of private companies.
The above article is based on a video I made as I thought about privacy:
@Coin_Raven I came across a very interesting blockchain concept that revolves around this issue. It's an executable Will and Testament blockchain application that outlives humans. Immortal AI lives on a blockchain and requires ethereum ETH to function. It’s job is to carry out your probate requirements. It executes commands based on your instructions. Anyone can create an account and give a set of logical instructions. When your contract matures the ETH allocated to the contract will be spent and the contract will execute the requirements specified in the most recent version of the contract. You can go through the white paper here https://www.marshallepie.com/technologies/iai/white-paper/
The type of instructions IAI expects to deliver on involve: Last Will and Testament, Social media assets, Other digital media assets.
Say that again @Ivanovic they sure must be out to build a marketplace where people can sell private data. This move can't be trusted. There must be a special place in hell reserved for Cambridge Analytica.