Tech Talk – Net Neutrality, Uber Hacks and Bitcoin’s Latest Price Hike
Net Neutrality Is Under Fatal Attack
Ajit Pai the Republican head of the F.C.C. appointed by President Donald J. Trump has announced today he has decided to go ahead with proceedings to repeal net neutrality with a vote set on December 14, 2017. Net neutrality in a nutshell is a promise that all data on the internet is treated equally, if you want to read on it more here is an excellent website.
“Under my proposal, the federal government will stop micromanaging the internet,” Mr. Pai said in a statement. “Instead, the F.C.C. would simply require internet service providers to be transparent about their practices so that consumers can buy the service plan that’s best for them.”
Mr. Pai argues that killing the democracy of the internet is good only if we are given choices from our dictators…..got it. For those of you who might read this and think net neutrality isn’t that big of a deal or that it’s going to be “great for competition and innovation” have not paid attention to the course of history. Whenever you give corporations more power they almost always use that power to further their profit. As of right now due to an Obama-era regulation broadband internet is treated as a public utility similar to electricity and water, doing so places consumer protections on us to safeguard from abuse of power. You think your internet bill is high now? Just wait until the repeal goes into effect.
Uber Is Once Again In The Headlines
It has come to surface that ride-sharing company Uber was the target of a hack in 2013 that stole the emails, names, and physical addresses of more that 57 million riders and drivers! While that is bad in of itself that it took so longer to come to light we can expect this from large companies now (Yahoo, Equifax, etc.). No, what’s REALLY bad is the fact that instead of going through proper legal means to deal with the hack, they paid the hackers $100,000 to destroy the data that they stole. You read that right they paid a ransom and just trusted that the problem would just poof go away! The company told on itself in a blog entry posted by the current CEO. Now I don’t know about you but I’m going to think twice before using Uber again they have a horrible track record as far as scandal is concerned and I value my data not being stolen. This is why it is very important we start teaching our children computer science so we can deal with and understand the magnitude of events such as this.
Bitcoin ABOVE $8000
Yesterday was a very interesting day for my BTC portfolio! Bitcoin surged above $8000 for the first time! Mark my words Bitcoin will reach above $10K before the spring of 2018. It’s now or never to get in the game if you want to get started with your own custom real-time trading application I can personally do that for you just send an email to firstname.lastname@example.org attach your phone number and I will personally give you a call!