The Today’s Internet is Unsafe with your Data and Privacy
Richard Blumenthal (D-CT) and eight other senators have written to FTC Chair Lina Khan, insisting that persistent data abuses by Big Tech and data brokers are at the root of our monopoly problems. “Big Tech corporations have used their unrestricted access to private personal information to develop in-depth profiles about practically every American and to defend their market position against competition from startups,” Blumenthal writes. Consumers in the United States have been forced to watch helplessly while their personal information is handed over to unknown parties. “A national standard for data privacy and security is urgently needed to protect consumers, strengthen civil rights, and secure our nation’s cybersecurity,” the Senators concluded.
The issue is twofold: first, the FTC lacks a solid federal data privacy statute that would give them the strength to go after Big Tech and data brokers; second, their antitrust charges are uphill battles since the Sherman Act of 1890 has not been updated for the Internet era. Senators are thus operating in a model established for the fiscal economy of the twentieth century, while large technology corporations are competing in a parallel, twenty-first-century market known as the Attention Economy. To take action, new legislation or, at the very least, a better grasp of market dynamics will be required.
What are the Causes of Individual Data and Privacy Abuse?
We pay for products and services in the financial sector with dollars or other recognized, genuine currencies. We pay with our attention to the attention economy. When you consider the linguistic mechanics of our new world, we say “pay attention to the screen,” and we frequently warn our friends and family members to “stop paying so much attention to their screen.” Despite this, we have never thought of “paying attention” as a genuine cost or a serious threat to consumer welfare. As a result, we must first understand the principles of the dynamics that underpin the attention marketplace.
Monthly active users (MAUs), time on site, and several engagement measures unique to the platform—likes, shares, views, comments, and so on—are commonly included in the key performance indicators (KPIs) of attention-based firms. These indicators are then used to assess how much attention a platform has received.
However, the fundamental reason why big tech tycoons like Google and Facebook sabotage and abuse their end-user data and privacy is simply because of the already existing system known as ‘Surveillance Capitalism’
What is Surveillance Capitalism?
Surveillance capitalism, according to Shoshana Zuboff, extends beyond the traditional institutional landscape of the private enterprise, accumulating not only surveillance assets and capital, but also rights, and operating without meaningful consent processes.
Therefore, this system allows tech companies to exploit its users by keeping a trail of every sensitive information of users and as well sell it to unknown organizations.
Unfortunately, it’s 100% legal for these tech companies to sell and sabotage your data because you agreed to their terms and policies when signing up for an account.
However, to replace this system with a secured and better user data protected system that cares about end-user information protection and company transparency, one must have to practice ’Social Capitalism’
What is Social Capitalism simple explanation?
A social capitalist system is not just concerned about that big one percent exploiting the ninety-nine percent for economic and social reasons. It’s completely equal and ruled by no one with no tool to oppress and abuse others.
Therefore, it fosters justice, equality, fairness, and transparency. Unlike surveillance capitalism which is meant to favor the minority overexploiting the majority for the selfish purpose like power, social capitalism is meant to be totally fair and completely equal, just like our today’s democracy.
How do I Practice Social Capitalism and Recover all my Data and Privacy?
As of today, there are few or no tech platforms that practice social capitalism, they all seek power against their competitors and sell consumer information.
But as of today, with the help and real concern of one man, a social company that’s truly concerned about its users created a social start up based on blockchain technology to make economic freedom decentralized and protect its user’s data with transparent policies. The name of this is today recognized as the ‘UseCrypt Nation – The First Digital Nation in Metaverse’
What is UseCrypt Nation and how does it work?
UseCrypt Nation is the world’s first social company that has evolved into a decentralized autonomous organization (DAO) for its users. They stated: “We have implemented the DAO ideas not just at the level of technological decision-making in our organization, but we aim to be the first to provide you with true economic independence, unlike previous decentralized organizational ventures.”
The man behind this idea is Pawel Makowski who’s an established tech entrepreneur in the IT sector and entering the cryptocurrency stage.
His colleagues refer to him as a “serial entrepreneur,” but he prefers the term “visionary-activist.” He had previously appeared alongside Doda at Wielka Gala Gwiazd Plejady when he and the singer presented an award in one of the categories. He officially began his public involvement with this event, agreeing to show his face and then, in later stages, sharing various aspects of his personal life to infect people with his life values.
“Between Instagram filters and cream advertising that celebrities advertise on their public profiles and claim to use, we lost track of the truth. There is no longer any credibility. They use cream A on Mondays and cream B on Tuesdays. UseScrypt Nation —a social ecosystem helps users create their own company in the Metaverse and remain in the presence of same-minded individuals which helps in achieving a broader objective.” There is reality. No masks. Because we are slowly beginning to live in a Matrix, I understand how desperately people need it. Everything is tinted, staged, directed, and fabricated. And to that, I say, “Enough!” – Pawel Makowski stated.
The entrepreneur has been popularly known to be inspired by transparency, truth, fairness, and equality. His company was developed on blockchain technology because of its common feature of decentralization and user information safety.
One of the best features of this social ecosystem is that it allows users to open their own business in the UseCrypt Metaverse and run it in the company of like-minded people, allowing them not only to reach a completely new audience inside of their ecosystem community, but also to run their business in the legal way by using a decentralized form of payment SoCap token.
SoCap (Social Capitalism Token) serves as main payment currency in ecosystem and a link between Metaverse and the real world. A bridge that serves not just to unite these two realms, but also to steer us in the direction of a better tomorrow.
Therefore, the SoCap is a utility token with real value. You can as well purchase any of the company’s product and service with the SoCap currency in the UseCrypt Nation ecosystem, and out of it.
Alternatively, you can convert it into shares, as the pre-IPO round of the ecosystem’s companies will be dedicated to SoCap holders, making you own a part of the company.
SoCap mixes a corporate mindset with environmental awareness and respect for basic human values. Respect for privacy, individual liberty, and economic liberty are vital in the UseCrypt Nation ecosystem. In UseCrypt Nation Metaverse, everything that matters to us in the real world is mirrored.
In comparison to other cryptocurrencies, SoCap is much more than just a piece of software. This is essentially a cryptocurrency with genuine and proven worth, which value growth together with ecosystem development as well as one that is beneficial and environmentally benign.
How does it work?
Unlike giant organizations, UseCrypt Nation company treats its customers and product users fairly. “We want to make money alongside you, not against you”, in their own words.
As a result, if you purchase a product from the company, you automatically receive a cashback and become a shareholder and have a direct impact on its future growth.
