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The Infodemic of Fake News in the Era of CoV-19

The Infodemic of Fake News in the Era of CoV-19

In Italy Facebook and Twitter are not the primary social media apps of Italians generally speaking. More than ever WhatsApp and Instagram are the mobile apps of choice for social media messaging and these apps have been the cause of many fake news stories where local gossip is translated into a media story only later to be discovered as fake. There are even fake animal stories in abundance on social media on Instagram and Twitter and filters on Instagram that made claims to diagnose—and even cure—COVID-19.

Remember the ibuprofen scare that was said to originate from a friend of a doctor at the Medical University of Vienna in March? The claim, originally made as a voice recording in German and quickly translated to many other languages in message form, was that COVID-19 was either caused by or aggravated by patients taking ibuprofen. I saw about thirty tweets to this effect in March that many people aimlessly executed without reading any verifiable studies on this claim. Well, it turns out this was a hoax and wildly successful since even today people are still retweeting the fake news for which there is zero scientific basis.

While fake news is not endemic to Italy, it is having an increasing impact in other European nations as WhatsApp has become the primary vehicle for transmitting fraudulent news stories. Now for every rumour on social media, major and independent news is tasked with correcting the fake news reports to include telling readers how to deal with what is now called an “infodemic.”

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The World Google Controls and Surveillance Capitalism

The World Google Controls and Surveillance Capitalism

I have been following the scandal of the UK’s Investigatory Powers Act(also known as the Snoopers’ Charter) and Holland’s Sleepwet and their relationship to the encroaching government powers over private data, privacy, data collection, surveillance, and free speech for several years now.  And very much related to these bills created ostensibly to protest us from “terrorism,” is Google’s encroaching powers over our lives, to include the freedom of expression protected by most national laws, not to mention EU and UN Charters, around the planet today.

When the Internet became a tool for communication and research in the late1980s (usually through universities and research institutes) and later rrendered public through commercial Internet service providers (ISPs) in 1991, most people were slow to catch on. Initially, I was inculcated into Internet culture by virtue of being a graduate student at New York University where I came to depend on their computer labs to churn out papers when not using friends’ computers. I still remember Archie, Telnet, and line mode browsers before the release of ViolaWWW.  By the mid 1990s students were curious about hypertext through Memex and Xanada while many others made their personal webpage which they would write in html with the help of on- or off-line instructions.  The concept of a free website builder had not yet emerged and everything was very much ad hoc, individuals figuring out how to fiddle with html as if a late 20th century Mini Cooper under whose hood the user would play around.  And yes, the flashing bright lights that every webpage seemed to embrace as if a will to trigger everyone visiting their page an epileptic seizure.

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UK Mass Digital Surveillance Regime Ruled Illegal

UK Mass Digital Surveillance Regime Ruled Illegal 

On 30 January, the UK Court of Appeal ruled that the Data Retention and Investigatory Powers Act of 2014 (DRIPA), which made way for the Investigatory Powers Act of 2016 (IPA), did not restrict the access of confidential personal phone and web browsing records to investigations of serious crime. The IPA means that Internet service providers must now store details of everything we do online for twelve months and render it accessible to dozens of public bodies. 

This data can be virtually everything, from browsing records to personal information on private citizens, to include but not limited to: search engine activity, every phone call to text message plus geographical location, private financial and credit repair services, personal correspondence, medical records, and data from banking, insurance, and investment services which is stored on computers and mobile telephones.  This law obliges technology companies to hand over the data that they have about private citizens to intelligence agencies and it can force tech companies like Apple to remove encryption, ultimately weakening the security of their own products in total secrecy.

The ability of the government to spy on private citizens’ includes the encroachment upon the fundamental rights of privacy in financial matters, such that a “super-spy search engine” has become part of the arsenal that the Home Office is accused of hosting.  What does surveillance mean in an era where financial information needs to be safeguarded and when economic interests such as crypto robots and cryptocurrencies could face government spying?

Let’s step back to 2004, when philosopher Giorgio Agamben refused to submit passport biodata in 2004 in the United States when he famously rescinded his appointment to lecture at New York University.  Resisting the submission of fingerprints required to enter

the United States as a foreign visitor, Agamben’s actions then foreshadowed what he would later address in his 2013 Athens lecture:

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Is Cryptocurrency a Ponzi Scheme?

Is Cryptocurrency a Ponzi Scheme?

Just three weeks ago Bitconnect announced it was shutting down after being accused of running a Ponzi scheme.  Techcrunch chronicles Bitconnect’s decline noting how the term “pyramid scheme” was not an unfair assessment as to what was going on:

“Bitconnect was an anonymously-run site where users could loan their cryptocurrency to the company in exchange for outsized returns depending on how long the loan was for. For example, a $10,000 loan for 180 days would purportedly give you ~40% returns each month, with a .20% daily bonus. Bitconnect also had a thriving multi-level referral feature, which also made it somewhat akin to a pyramid scheme with thousands of social media users trying to drive signups using their referral code.”

Typically a Ponzi scheme is characterized by first by promising large, unrealistic returns such as the ~40% monthly return. The promise of these sorts of returns largely regarded as both suspicious and impossible, even under even the most aggressive market conditions.

Another point of critique aimed at Bitconnect was the fact that those who sign up for its service are encouraged to share its affiliate marketing and affiliate links. If you look online for any discussion of BitConnect you will find the comments riddled with affiliate links. The reason for this is that those who spread the affiliate links were allegedly to be rewarded with higher returns on their original deposit if the link they posted is later used to sign up a new customer.  Best Bitcoin Exchange chronicles how one user is reported to have lost over $400,000 in the demise of Bitconnect.  And many others have made a legal challenge in a class-action lawsuit about their losses in this market.

All this, however, begs the question that many of us have been asking for some time: are cryptocurrencies an elaborate Ponzi scheme?

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Olduvai IV: Courage
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Olduvai II: Exodus
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