Bitcoin and the Future of User Monetizable Data
Imagine a world where personal data isn’t just something that consumers give away – a world where terms of service agreements read more like shareholder agreements or term sheets, a world where your data makes you money. Earlier this week during a lecture on Bitcoin Engineering at Stanford University, 21.co CEO, Balaji S. Srinivasan, presented this exact....
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The value and impact of data are clear. People are aware of how expensive data is and the value it brings to the world’s most valuable companies. Increasing regulations have begun to push towards a more ethical, transparent system due to increasing privacy concerns and prominent data scandals, but alternatives are needed for a future driven by data. Swash is pioneering a new way of doing data by bringing control and data monetization to the masses through what can be understood as a Universal Data Income. With Web 3.0 gaining ground, data is the new currency as anyone who has control over....
The last few years have experienced the rapid evolution of the internet and its application ranging from Web 1.0 to Web 2.0 and now Web 3.0. Web3 – the decentralized web – is the latest major iteration of the internet which promises to achieve a stable and secure decentralized network while offering a variety of innovative features. Since the inception of the world wide web in 1989, it has changed dramatically through the years. While Web 1.0 was read-only; Web 2.0 saw a significant shift towards user participation via centralized platforms such as Google, Facebook, Amazon,....
Bitcoin has a leg up over its competitors in this regard. The cryptocurrency is a peer-to-peer solution, and protects user information from harm. Tokenization will play a fundamental role in the future of omnichannel payments. Wallets and payments are transforming rapidly, and there is still plenty of growth for competition. But with tokenization to keep payment data safe, consumers will be far less willing to embrace new solutions. Bitcoin has a leg up over its competitors in this regard. Consumers are eager to try new payment methods, but they are also more aware of how their personal....
The details of cyberattacks resulting in breaches of user data from two prominent bitcoin websites – bitcoin exchange BTC-e and Bitcointalk.or, the largest bitcoin forum around – have been revealed. Data breach indexing and monitoring resource LeakedSource has revealed details surrounding data breaches suffered by bitcoin exchange Btc-e in 2014 and bitcoin discussion forum Bitcointalk.org in 2015. LeakedSource reviewed the stolen user data from both websites. Fortunately, the security framework and password encryption techniques used by the websites are revealed to be remarkably good,....
An opportunist using the name “DoubleFlag” has put the recently hacked BitcoinTalk.org’s database for sale on the dark web, according to Hackread. The same seller has also offered 68 million hacked hashed passwords of Dropbox users. In May 2015, BitcoinTalk was the victim of a social engineering attack after an unknown hacker targeted an employee of NFOrce, BitcoinTalk’s ISP. In a revelation on Reddit at the time, forum operator and administrator Theymos hinted that password hashes, private messages, emails and other user details could be compromised. User Data Exposed. As it turns out,....