NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg

Blockchain Project Synereo Promises Evolution in Social Network Space

newsbtc
newsbtc
Last Updated: October 7, 2020 11:30 am
3 mins read
AttentionEconomy

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

“Come out here and give me back my name!” was the response of writer Salman Rushdie to Facebook, when he found out that the social network website had deactivated his account.

The case goes back to 2011 when Rushdie took to Twitter to inform his followers how Facebook was literally acting like a de-facto passport vendor. Apparently, the writer’s original name is Ahmad Rushdie which, according to much mainstream coverage, was an issue for Mark Zuckerberg’s company. In fact, Facebook took itself so seriously that it even demanded proof of identity, and turned Salman Rushdie to Ahmed Rushdie.

The predicament was not about a user who had used a name which identified him, but — in its true sense — it was a question to Facebook: Why is my name your business?

It is no surprise that since the late 2000s, Facebook has secretly injected additional clauses into their existing privacy and data policies. The company, over recent years, has been aggressively exterminating incognito and proliferated users. The nature of this practice is pretty simple: to hold only genuine personal information while ensuring strong, result-oriented campaigns for advertisers.

So don’t be surprised when you see a Dominos paid ad on Facebook a week after your “buy pizza online” query on Google. The users’ information, thanks to the aforementioned policies, is exchanged at large. Their business models are too closed-source and one cannot actually bet on their security standards’ reliability. (Read how Sony lost its customers’ personal records to hackers here)

We all have seen people discussing their dissatisfaction with such policies hundreds of times. They speak about the antitrust violation, or about a mere moment they felt annoyed with Facebook ads. But no matter what, people are to use the service because, as they all commit, there is not a better option yet.

How Synereo Can Improve Social Networking?

The upcoming alpha launch of Synereo as a next generation social network promises change in the way consumer technologies work today. The project, which was in development mode for the last two years, strives to promote decentralization in the social networking sector. It utilizes the power of Bitcoin’s underlying technology — the blockchain — to build a trustless system, where the user is the only king.

OurPeer2peer

Synereo, unlike Facebook, will offer zero privacy invasion, ads-upon-consent, censor-free content, no middlemen, and zero centralization. The futuristic project is open-source with no-secret algorithm, no hidden manipulation, and no overt censorship.

“5 years from now, an entity wielding such immense power centrally – like Facebook – will simply not make sense to us.” said Dor Konforty, the founder of Synereo.

Advertisers Pay, Users Earn

amp

By removing the middlemen as stated above, Synereo aims to provide passive income to users. The platform’s decentralized prospects prompt advertisers to directly pay users to see their content. By following this method, advertisers also get to connect with potential leads, with their consent for a fee. Dor added:

“Synereo aims to create an entirely new, decentralized economy. One where people communicate and exchange value directly, without need for intermediaries.

The social layer is just one aspect of the platform Synereo offers, which allows all types of applications to be created under this novel paradigm and join us in a new economy; one that prioritizes value creators over interface providers.”

Mr. Salman Rushdie and the rest of netizens are welcome to try out Synero — the project will go live in September.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Rally Roars On

Bitcoin Price Rally Roars On — $76K Level Falls to Bulls

Bitcoin price started a strong increase above the $75,000 zone. BTC is now consolidating and might aim for more gains...

Aayush Jindal 4 hours ago

How to Build Scalable Data-Driven Compliance That Accelerates Crypto Product Growth

(A globally-minded guide for crypto leaders to balance regulation and innovation) The rapid evolution of digital assets has made regulatory...

NewsBTC 4 hours ago

Five Brutal Growth Truths Every Web3 Founder Must Learn to Survive and Scale

In crypto, hype can build overnight—but true growth is earned one believer at a time. In my experience building and...

NewsBTC 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin Whales

Dogecoin Surges 6% As Whales Scoop Up 470 Million DOGE

Keshav Verma 58 minutes ago
Ethereum

The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September

Rubmar Garcia 1 hour ago

How to Scale Web3 Startups Without Losing Mission Integrity: A Founder’s Guide

NewsBTC 4 hours ago

Premium Sponsors

Press Releases

  • CreditBlockchain

    CreditBlockchain cloud mining helps users earn up to 0.078...

    1 month ago
  • モネロが686ドルで史上最高値を更新、時価総額トップ11入り──1月に注目のアルトコインは?

    ...

    2 months ago
  • ChatGPTが分析:2026年の仮想通貨 1000倍候補はどれか

    ChatGPTが分析:2026年の仮想通貨...

    2 months ago
  • 新しい仮想通貨:2026年に注目すべき3銘柄、次に急騰するコインはどれか

    ...

    2 months ago
  • ドージコイン 今後:ミームコイン市場に投機売買が再び戻る

    ドージコイン...

    2 months ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.