While you are watching your phone, your phone is also watching you. It needs to know what you are saying in your text messages, who your friends are, and it needs to listen to you sometimes. Smart Phones are the biggest spy device designed as a spy device. Suppose, if you go to a Japanese restaurant or any other shop then your smart phone knows what you like and how often you do there.
Hackers use this facility for unauthorized use. They may choose to empty your bank account without your consent. If you have a wallet, bitcoin wallet or any other regular wallet they can empty your wallet or your bank account.
Where does education stand in this situation?
Society has created privacy as the foundation stone of a harmonious world, if we lose that we lose the harmony.
What do you think about all those emerging technologies that are now being used by giant companies in the industry such as cloud computing, data mining. how long they are secure?
If you think, you never had something suspicious happened to you this is because the hackers are doing it without being catch by the white hackers.
The cloud storage is installed in different geographical area all around the world and you are not aware of it. You don’t even know who is holding it on the other side and how secure it is.
As an investor you wouldn’t invest on a company that is using cloud??
There are many ways of looking at the cloud. We use cloud because it makes our access at anywhere in the world. There are companies that are offering decentralized cloud services where you create your own desired server location. For me to invest in cloud business, It would have to be a new type of cloud, a cloud that you as a user have a control over to the extent that you get to chose the location of your data.
What is the most significant value of bitcoin?
It is the new paradigm of money and it’s not going to go away and it is not going to go away not matter how much government would like it to, no matter how problematic it is for banks, it is here to stay and it is growing. If not bitcoin then some other cryptocurrency because there are hundreds of them but lots of them are scams such as MacAfee coin which are pre-mined and scam. If you are ever going to invest or be a part of the crypto community then educate yourself about these crypto.
The simplicity is difficult now because it is the new technology and we don’t have the facility to keep yourself away from hurting yourself.