Is LeoFinance The Privacy Solution We Desperately Need?

in LeoFinance3 years ago

Social Dilemma.jfif

I am currently enrolled an Anthropology course titled "Love and Hate in The Digital Age". The point of the class is to dissect the changing reality of social interaction with the growing dominance of technology and social media. Conversations have gone digital, schools have gone digital, hangouts have gone digital, relationships have gone digital and as we all know money has gone digital.

With the rapid change to a world of one's and zero's, one concern that has permeated all of these conversations is what privacy looks like in this new world. Our first assignment was to watch the Social Dilemma on Netflix. This dramatized documentary is simultaneously a critique and research project on social media and search platforms such as Facebook, Twitter, Instagram, Snapchat, Google and Pinterest. Throughout the film we learn about the sophisticated algorithms aimed at using user data to keep people engaged on their platform as long as possible to monetize their attention through targeted advertisements.

For a world that values security and privacy it is incredible that we all sort of turn a blind eye on what is happening under our thumbs on a daily basis. There is an addictiveness and mind-numbing pleasure that comes with swiping through a social media feed or receiving likes and comments on a post you wanted to share. This enjoyment seems to outweigh the machine that is the advertising campaign that is quite literally selling everything there is to know about you and your data usage to other corporations.

As a crypto-nerd, my immediate thought during the class discussion on the topic was that cryptocurrency is the solution to this problem. With #Projectblank coming to fruition very soon, I see a world where the users of a microblogging platform are able to take back the power of their own attention. With a platform such as LeoFinance, or the Brave browser, users are able to be paid for their engagement through the LEO or BAT tokens. When we engage on a blockchain-based platform, the beauty of it lies in the total transparency.

Where Twitter allows you access to only information they want you to see, LeoFinance and Hive provide a ledger of everything that has ever occurred on the platform. We have the ability to see what even the biggest whales on the site last made a comment on, or what they powered up. The irony of the situation is that this seemingly more public way of sharing the inner-workings of the site is an increase in the privacy of your data. You know exactly where your money and your time is going. Nothing is being sold for the profit of the website operators, it is an ecosystem where you benefitting yourself also helps the entire community grow.

Taking the power out of the hands of the few and giving it to the many is the part of cryptocurrency that I find the most powerful. The transition of society from ignorance to transparency begins with our social lives. LeoFinance is part of the solution to this modern day problem.

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Unfortunately, the vast majority do not care about how their data is being used as long as they are given a platform or tool, or service. Unfortunately, that is going to change in the future with platforms like Leo and hive. It is only a matter of time. I am glad to be here before that time

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The idea of getting paid for your attention rather than the big corporations is a weird concept at the moment for people. But people thought Bitcoin was weird at first too and look where we are. You're right, we are in very early.

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I guess we all have to wait. It is part of the responsibility of being an early adopter

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Privacy in this day and age is highly demanded by everyone, but the same people who demand privacy when they open an account on these centralized social networking sites agree to all the policies that they know they are going to use the data to sell so we are in an upside down world.

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Those terms and conditions statements are intentionally made lengthy and filled with words that the average consumer won't understand nor care to even look at. Great points made here, thank you for the reblog!

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Really well said! I also have watched The Social Dilemma. It is very scary what these big companies are doing to our societies. It's even scarier what they are doing to our kids. Hooking them at early ages. Things like Tik-Tok are the new "gateway drugs" of the next generation. Hopefully Hive and it's ecosystem can be a part of fixing this problem in the generations to come.

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Though I felt like the documentary contained some real dramatization, the goal still holds to be true. I agree with you that it can be quite an addictive platform, but I think this goes beyond the term "gateway drug", it is in my opinion a complete rewiring of human discourse. The new normal.

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Really well said mate! I'd like to think that all the heat that these social media sites are getting for privacy and selling information on would make people realise and start "unplugging" themselves from that.

I've not seen the Social Dilemma but whenever I browse fb or Twitter, you can see the algorithms take effect, or at least start to feel what's going on as you use it with the feed updating based on what you recently looked at

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Exactly the point. I think that once people begin to become aware of these things, they will seek out better options. Hive is one of them.

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Well it isnt going to give any privacy yet it does provide ownership. This is an advantage over the existing social media sites.

At some point, we might see a digital ID system tied to our own personal encrypted files that allows us to privately control all data.

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I agree with the prediction of the digital ID system. When I say privacy I guess I refer to control over where our data is being processed/viewed. With a blockchain that becomes a matter of public knowledge

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