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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Blockchain Project Synereo Promises Evolution in Social Network Space

newsbtc
newsbtc
4 years ago
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 news

Top Firm Warns: Bitcoin Price Could Be Headed For A Surprise Move

The Bitcoin price and the crypto market remain under pressure as the sector enters a low volatility period. While a...

James Halver 4 hours ago
Ethereum

Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets

Recent price action in the past 24 hours has seen Ethereum clawing back above $2,500 after a pullback that saw...

Scott Matherson 5 hours ago
XRP

Big Move For XRP: Ripple-Backed ETF Launches In Canada

Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp....

Christian Encila 6 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

Bitcoin Price Bottoms Out?

Bitcoin Price Bottoms Out? Recovery Hopes Rise After Base Formation

Aayush Jindal 42 minutes ago
Dogecoin price news

Dogecoin Shows Signs Of Life With Bottoming Signal

Jake Simmons 47 minutes ago
Bitcoin

Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight

Christian Encila 1 hour ago

Premium Sponsors

Top Brands

Press Releases

  • The code of wealth in 2025: ETHRANSACTION Dogecoin cloud...

    4 hours ago
  • HashJ Cloud Mining: A portal for multi-chain value...

    4 hours ago
  • 1 nezastaviteľná kryptomena, ktorú podľa Michaela Saylora z MicroStrategy stojí za to kúpiť skôr, než vystrelí o 12 280 %

    1 nezastaviteľná kryptomena, ktorú podľa Michaela...

    10 hours ago
  • 1 неудържима криптовалута, която според Майкъл Сейлър от MicroStrategy си заслужава да се купи, преди да скочи с 12 280%

    1 неудържима криптовалута, която...

    10 hours ago
  • BingX New Dual Investment Offering Sees $1M in User...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.