We all are acknowledged about yesterday's Twitter incident. Twitter accounts of Apple, Elon Musk, Joe Biden, Kim Kardashian West, Jeff Bezos, Bill Gates, Barack Obama, Wiz Khalifa, Warren Buffett, YouTuber MrBeast, Wendy’s, Uber, CashApp, Mike Bloomberg, and so on were compromised and posted Bitcoin Scam posts.
Along with all these accounts, hackers also targeted Twitter accounts of Bitcoin, Ripple, Coindesk, Binance, and Coinbase and posted the message - "We have partnered with CryptoForHealth and are giving back 5000 BTC to the community."
This is the biggest hacking in the history of social media. Twitter authority was saying that hackers got access by hacking employees internal systems and tools. I feel sorry for those who sent Bitcoin to scammer's account. I mean seriously dude? You saw Bill Gates was tweeting for Bitcoin and you believed that? I really feel pity for you guys. It's funny and sad at the same time!
Let's come to the main point of this article. This scam or hack shows us how vulnerable centralized systems are! Hackers could have done so much silently without just posting stupid scam. I am a regular Facebook and Gmail user. I can't even picture that someone hacked my Google or Facebook account. I have lots of backup files, password backup, data, bank details in Google Drive, and Gmail.
Though I have set two-factor authentication for all of my accounts, but what will happen something happens like Twitter? What will you do if someone hack all of your centralized account? What if scammer hack into the central Database and erase everything forever? Just imagine that!
Our data, our privacy isn't ours anymore. Our fate is depended on centralized platforms like Twitter, Facebook, Google Docs, Amazon, Netflix, eBay, and so on. That means if someone hacks into the central database of Netflix they can easily get your credit card details and do scam! Do you remember the credit card scam incident of Walmart? In centralized platforms, your money isn't safe anymore.
Nowadays, slowly people are demanding more privacy with their data, more authentic information online. We need the change. I think that decentralized technology is the imminent future of the web. It's time to adopt the technology which can provide us more privacy, more security with our transaction, and immutability - Blockchain technology!
If you've no idea about blockchain here's the recap from my previous article.
Blockchain is a system in which records of transactions are stored cryptographically across several computers that are linked in a peer-to-peer network.
Sounds very complicated?
Well, this is a very theoretical definition of blockchain that you'll see many articles on the internet. Let me explain it in simple terms.
Simply blockchain is a chain of blocks that includes information. This technique was basically defined in 1991 by a group of researchers. It was first adopted by Satoshi in 2009 to create a rich look cryptocurrency which is Bitcoin. Now a blockchain is the distributed ledger that is totally accessible to everyone.
Once you input any data to the blockchain or any block it will be very difficult (almost impossible) to change it. That makes blockchain so secure.
Click here to read the full article.
Can Anyone Hack Blockchain?
The simple answer is - NO! I am not a technical guy so I will try to elaborate my statement with simple examples and explanations.
General people nowadays still feel uncomfortable to talk and think about Blockchain. Without having any idea about Blockchain, they think their money and data will be hacked if they adopt it.
Why I am saying it's impossible to hack Blockchain, well almost impossible. Let's explain simply. There are lots of computers around the world in a blockchain. Can you hack a particular computer? Yes you can, it's very much possible. Can you hack hundreds of computers around the world at the same time? Well, admit it, you can't!
To hack it either you have to own 51% computer of a particular blockchain, or you have to own computing power to hack 51% of the computers. So theoretically we can hack a blockchain by having 51% of the computers of that particular blockchain, the real fact is we can't.
If you're thinking theoretically than know that hacking the centralized systems, where you put all your data, money, and privacy, is 1000 times easier than hacking a blockchain. So we can say, Blockchain is the future of the web.
So what's with the stolen crypto coins and security breach of exchanges?
You probably heard some news about stolen crypto or security issues of exchanges. In my article, I told you that you can't share your private key of your wallet with anyone. The private key is like the password of your crypto wallet. If someone knows your keys it has nothing to do with blockchain or hacking.
That's why it's a reminder not to use and share your restricted information with third-party untrusted apps for any crypto-related activities. Actually, things aren't simple like this, but I am trying to explain in my way. For example - It's quite like writing down your computer's password in a sticky note on your office desk. If someone sees that and login to your computer with bad intention, you can't say that your computer is hacked. You did it to yourself by disclosing the password.
Why decentralized Social Media?
Decentralized platforms come with lots of optimism where you make rules for your content and nobody can break the rules. In centralized social media, you can't even talk freely, you have a fear to be banned. Centralized systems make their own rules which should be followed by everyone. They change rules according to their needs.
Recently YouTube banning accounts and videos regularly because of free speech.
Twitter even hid the tweet of Trump, whether he tweeted rubbish or not he has the right to talk.
And Facebook banned me from commenting on the group for a few days. Because I posted my own website's link to my own Facebook group 10 times in a day! Like seriously?
Look how centralized systems are changing you with their own rules. You have to talk, write and make videos according to their logic. Let the people decide what they want to see, let them decide what is right or wrong. Don't decide right and wrong for the whole world from Silicon Valley!
We have now Decentralized Mastodon, an alternative of Twitter.
We have Hive, an alternative of social media like Facebook or Reddit.
We have Threespeak, DTube which are alternatives to YouTube.
It's time to create more alternatives. It's time to change the social media with Blockchain technology.
Just decentralize it!
Call to Action - It's the perfect time to let the world know about decentralized social media like Hive. Use centralized platforms to promote your immutable accounts! Check @theycallmedan's Twitter initiative and let the people know why we need decentralized solutions like Hive.
Fun Fact - Justin Sun has offered $1 million to the person who finds those responsible for the recent Twitter hacks. After a massive number of Twitter accounts were hacked on July 15, one of the affected, Tron founder Justin Sun, put a bounty on the heads of those responsible. Source
It's quite like western movies, where sheriff declares bounty to catch outlaws! Is there any bounty hunter here, who can catch the hackers for Justin Sun? ;)
Posted Using LeoFinance
For all the above reasons, and mindful of the fact that the laws of physics mandate electronics are liable to infiltration of data that cannot be prevented, I alert folks to the need to not allow their biometric data to be present in any digital system.
You cannot change your biometric data. You can resecure your Gmail account by changing the password, but you cannot change your fingerprints, face, retinae, or any other biometric. Once hackers secure that info, you are fucked for life. It is impossible to secure digital systems from hackers. Your laptop can be hacked by flashing lights on the LEDs. Physics ensures that every output mechanism is also an input mechanism. Every monitor is a camera, and so is every light. Cars have been hacked by shining lights on the vehicle lights. Computers that read and compile DNA scans have been hacked by malformed DNA.
There is no way to secure digital data, and never will be. Your biometric data is permanent,and once it has been hacked, you will never be able to be unhacked. The only way to secure you biometric data from hackers is to not allow it to be digitized. Once it is hacked (and ultimately, it will be, no matter what you do to prevent it) every account or device you use it to access will no longer be yours, but hackers'.
Never, ever, use biometric passwords or etc.
Thanks!
Sooner or later, the world will have to accept this new reality.
When cattle are delivered to the slaughterhouse, they have no prior experience or information regarding slaughter. The first inkling they have of their fate is observing the cattle in front of them in the chute being executed.
People are no different - unless they intend to be. Censorship is a means of preventing people from being prepared to counter existential threats, and centralized comms are unavoidably liable to censorship. Relying on them for information is insecure.
I don't even pay attention to them, except as they are excerpted here.
Yesterday's social media events are really impressive. It's scary to think that someone will hack my account, this is a very bad thing. I don't even want to think about it. Thanks for the fascinating post. I will read your Twitter posts.
LOL
Who's Twatter posts will they be?
;)
I did not understand your question
I note that the OP regards Twatter being hacked by an insider. I'm asking who's post you will be following given that Twatter is presently compromised.
Thank you for answering my question. We are all beginning to get used to such surprises. For me, Twitter remains a popular social network. Have a good evening.
Be well.
I don't use Twitter, use FB and Insta less than before as I have started to use Steemit, now Hive.
twitter need to improve security and prevent future hacker attack to make sure what happened this time never happens in future
They can't without decentralizing account control, which they need to keep centralized to control narrative and enable them to censor by the various means at their disposal.
I believe it has also created bad image about bitcoin and cryptos...
While this is true, it is immaterial, since anyone that is susceptible to such impression simply has no grasp of the economic system, and this makes such as deprecate crypto because of that impression without value to society.
Not so much I think. It indicates more why social media needs decentralization. You won't see insider attacks on decentralized media.
Twitter account compromised [Andreas Antonopoulos]
Feeling sorry for him. I can't even think that someone hacked into my account.
Thanks for sharing!
Let's use centralized platforms to promote decentralization! ;) Twitter Link
#posh