At first blush, innovators and regulators may seem like strange bedfellows. Regulatory bodies have a tremendous duty to protect consumers and deter financial crimes, all while supporting — not squelching — economic opportunity and financial inclusion. Perhaps contrary to popular belief, these are values that innovators in blockchain share with regulators.
The genesis of this technology in many countries, and for many entrepreneurs and innovators, is to provide consumers with greater levels of access and protection. Blockchain can further these goals by offering low-cost, efficient payment capabilities and empowering regulators with greater consumer protection tools.
Well, the reason lies in the very word that ails the freedom on the internet today — centralization. Centralized businesses manage and control the VPNs we use today. These central entities offer bandwidth to users for a premium fee, and they store their users’ data on a centralized server. Now, we all know that anything with a centralized infrastructure is highly susceptible to hacks.
It’s best to conclude by saying the same thing we started with: we are fighting a never-ending battle against cybercriminals. While in the future it may be something else, today, one of the best solutions in sight for personal security and privacy on the web seems to be a decentralized private network.
In this first session, we sat down with CoLab’s Joe Gerber and Gavin McDermott to talk about the distributed web and blockchains and why it’s important to experiment with these emerging technologies. Many people conflate blockchain technology and bitcoin, but as Joe and Gavin discussed, bitcoin is a digital currency and one small piece of a larger movement powered by blockchain technology and the distributed web. In this post, we’ll break down why, as Joe and Gavin say, the web is being rewritten from the inside out.
Joe and Gavin boiled down their thinking for why blockchain technology and the distributed web are so game-changing to three core principles:
Using what’s called peer-to-peer technology, cryptocurrencies remove middlemen like banks and the government, allowing direct transactions between a vast community of users. Because so many people are independently keeping track of the transactions, it is all but impossible for anyone to cheat. This format removes the problem of trusting millions of people — you need only trust the system.
Competing face-to-face with social media giants like Facebook, Twitter and Reddit is plain suicidal, which is why Torum is fundamentally designed only for crypto addicts and followers. This separates Torum from other crypto social media contenders that accept users from different backgrounds, including those who do not even share the same crypto interest.
Integrating crypto innovations like DeFi and NFT provides crypto communities with a solid reason to join Torum while ensuring the platform remains appealing only to people who are interested in cryptocurrency and blockchain related topics and discussions.
The government regulations expand its ability to police online content in the name of national security and public order, which many believe take away individual digital rights. They would not only restrict free speech, experts worry, but would be a disservice to readers and consumers in prohibiting them from accessing multiple perspectives and ideas.
Governments plugged into the fiat-based, global financial system are unlikely to reap any of the uncensorable benefits bitcoin provides. And while bitcoin is a comparatively cheap way to move large amounts of capital, Angel thinks governments have gotten hip to the “technological revolution” and will have their own stablecoin-like central bank digital currencies (CBDCs) online soon.
But what of the digital gold narrative? Of course no government would hold bitcoin to transact with – no, people do that!
As you may be aware, this isn’t the first LibrePlanet conference that has taken place entirely online: in 2020, the timing could hardly have been worse, with coronavirus shutdowns in Massachusetts starting the very week that the conference was scheduled. With only a week to scrap plans we had spent most of a year making, the Free Software Foundation (FSF) still managed to pull off a full, vibrant schedule, and livestreamed using only free software thanks to our wildly talented and dedicated tech team, but we knew that with a bit more time to plan, we could do even more. Continue reading “Event: Libre Planet 2021”
Brave has just taken a step toward supporting a decentralized web by becoming the first browser to offer native integration with a peer-to-peer networking protocol that aims to fundamentally change how the internet works. The technology is called IPFS (which stands for InterPlanetary File System), a relatively obscure transport protocol that promises to improve on the dominant HTTP standard by making content faster to access and more resilient to failure and control.
Zion Market Research has published a new report titled “Open Source Intelligence Market by Deployment Type (Cloud and On-premises); by Source (Public Government Data, Professional and Academic Publications, Commercial Data, Grey Literature, Media, and Internet); by Security Type (Data Analytics, Text Analytics, Artificial Intelligence, Big Data, Human Intelligence, Content Intelligence, and Dark Web Analysis); for Application (Private Sector, Public Sector, Military and Defense, Homeland Security, and National Security) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026”.