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Tech Billionaire Mark Cuban Picks Bananas Over Bitcoin

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Bitcoin has divided the biggest names in Silicon Valley. Facebook’s Mark Zuckerberg wants to replace it, Twitter’s Jack Dorsey wants to adopt it, and Tesla’s Elon Musk wants to meme it.

Now, billionaire technology investor Mark Cuban, who sold Broadcast.com to Yahoo for $5.7 billion in 1999, has said he’d “rather have bananas than bitcoin,” warning potential bitcoin and cryptocurrency investors that digital tokens have “no intrinsic value.”

bitcoin, bitcoin price, Mark Cuban, image
Billionaire investor Mark Cuban has previously compared bitcoin to gold.GETTY IMAGES

Cuban, who was speaking on a Youtube Q&A session for tech magazine Wired, claimed bitcoin was less useful than both bananas and baseball cards, as at least he could eat the bananas and look at the baseball cards.

“[Baseball cards, art work, and comic books have] no real intrinsic value, you can’t eat a baseball card,” Cuban said in response to a question about why he “hates” crypto.Today In: Money

“Bitcoin–there’s even less you can do with it: at least I can look at my baseball card … I’d rather have bananas [than bitcoin], I can eat bananas.”

Cuban, who now owns NBA’s Dallas Mavericks and made a name for himself as one of the main “shark” investors on reality television series, Shark Tank, has previously criticised Mark Zuckerberg’s decision to create a cryptocurrency to rival bitcoin, suggesting a global currency like Facebook’s planned libra, could be “dangerous.”

Speaking to Wired, Cuban also accused bitcoin and crypto of being too “complicated” for mainstream adoption–comments that have likely been made about every new technology for the last 100 years.

“Crypto is so complicated for 99% of the population,” Cuban added, asking: “Do you put in in a device, do you print it out, how do you keep from being hacked, who’s going to host it for you?”

bitcoin, bitcoin price, Mark Cuban, chart
Despite being “too complicated for 99% of the population,” the bitcoin price has soared over the last few years. COINDESK

Cuban did, however, conceded he sees value in bitcoin’s underlying blockchain technology and admitted he’s not “against cryptocurrencies,” just that he sees them as no more than “stored value.”

“I say it’s like gold. Gold is a religion: people who are really into gold—they’ll tell you that there’s a bad depression and things go to hell in a handbasket, if you own gold then you’ll be okay. No, you won’t!

Source: https://www.forbes.com/sites/billybambrough/2019/10/03/tech-billionaire-mark-cuban-picks-bananas-over-bitcoin/#7211e7eb4cce

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Apple TV+’s head of scripted and unscripted shows has left the company

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Apple has lost one its streaming service’s top personnel, just a couple of weeks after TV+ went live. According to Deadline, Kim Rozenfeld, the head of current scripted programming and unscripted content for Apple TV+, has stepped down from his position. Deadline’s report didn’t expound on the circumstances behind Rozenfeld’s departure, but it did say that he signed a first-look deal with Apple for his production company, Half Full Studios. His LinkedIn page also says he left Apple this month, and that he has a “development, producing and consultant deal with Apple TV+ for scripted and documentary series” under his company.

Rozenfeld was one of the first people from Sony TV that Zack Van Amburg and Jamie Erlicht (former Sony TV heads) hired when they went to Apple. There was clearly a shift of some sort in the division after launch, though it’s still unclear what that means for TV+. Now that he’s exited, the service will combine its development and current programming teams under a single group of executives. Matt Cherniss, who was Rozenfeld’s counterpart as head of scripted development, will now also head up the service’s current scripted series team.

Source: https://www.engadget.com/2019/11/12/apple-tv-kim-rozenfeld-steps-down/

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Apple pulls app that let you stalk people you follow on Instagram

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In October, Instagram phased out the “Following” tab. That’s because it shared a lot of information about what your friends and the people you follow were doing on the social network — maybe too much — and Instagram said some people were surprised their activity was showing up there. And now, the company is apparently keeping others from re-creating that idea: Apple has removed Like Patrol from the App Store, according to CNET.

At the end of October, Instagram sent a cease-and-desist letter to Like Patrol, an app described by its maker as the Following tab “on steroids,” and on Saturday, Apple reportedly removed it from its iOS marketplace entirely.

Like Patrol went beyond the Following tab in some potentially creepy ways, with a number of features that could let users stalk someone’s behavior on Instagram without them knowing. CNET reports that the app could notify you if someone you followed interacted with a post from a man or a woman, for example, and the app’s makers apparently claimed to “have an algorithm to detect if they were posts from attractive people.”

CNET reports Like Patrol was able to track Instagram users by scraping their public profiles for data — which violates Instagram’s policies, according to a Facebook spokesperson who spoke with CNET in October. Apple told CNET it removed Like Patrol for violating the company’s guidelines, but didn’t explain further.

Source: https://www.theverge.com/2019/11/11/20959419/apple-instagram-like-patrol-app-following-tab|

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Fitbit users fear privacy invasion after $2.1bn Google acquisition

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Google’s recent acquisition of Fitbit for $2.1bn has left many users worried the tech giant may soon have access to their most intimate health information – from the number of steps they take each day to their breathing patterns, sleep quality or menstrual cycles.

Fitbit, founded in San Francisco in 2007, tracks the health data of 28 million users. In a blogpost following the acquisition on Friday, Fitbit claimed user data would not be sold or used for Google advertising. “Consumer trust is paramount to Fitbit. Strong privacy and security guidelines have been part of Fitbit’s DNA since day one, and this will not change,” the company said in a statement.

Still, dozens of Fitbit wearers complained on social media over the weekend about the Google takeover. “I tossed my Fitbit into the trash today,” one user tweeted. “I intend to sell my Fitbit and delete my account,” said another.

Google already keeps a trove of information on people, including location data, search history and YouTube viewing history. The company also creates advertisement profiles of users based on information such as location, gender, age, hobbies, career, interests, relationship status, possible weight (need to lose 10lb in one day?) and income.

I have a knee-jerk reaction to Google having any of my dataResearcher Veronica KB Olsen

Veronica KB Olsen, a research fellow at Cern in Geneva, said she immediately requested her data be deleted upon hearing news of the merger.

“I am usually careful about big tech companies gobbling up too much data, but especially Google,” she said. “I have a knee-jerk reaction to Google having any of my data. I try to opt out of most of the stuff they do.”

Because Olsen is based in Europe, Fitbit is required to delete her data if she requests it under the European Union’s General Data Protection Regulation (GDPR), which went into effect in 2018. Under GDPR, users are also entitled to copies of their own data.

But users in any location, even outside the EU, can delete their accounts via the Fitbit website. The company said it would then permanently delete data associated with the account after a seven-day grace period.

Olsen was sent a copy of the data collected during the last year she owned the device, a huge tranche of information that included her heart rate taken every few seconds. She said that even if Fitbit claims it does not share health data with Google, she didn’t want to take a chance by giving it more information.

“The more data points you have on someone, the more you can build a profile of their life,” she said.

The Fitbit acquisition comes despite recent antitrust scrutiny faced by Google after a US government inquiry into its impact on competition was announced in September. The investigation is meant to focus on the company’s advertising practices but could extend to its acquisitions of competing firms.

Google founded its own fitness tracking service, Google Fit, in 2014, but it has relied on third parties such as Fossil and Tag Heuer to produce Android-compatible smartwatches.

Even if Google claims it won’t use Fitbit health data for advertising, the acquisition is probably bad for user privacy, said Paul Bischoff, a privacy advocate with Comparitech. Just because the companies say user data will not be used for advertising now does not mean that won’t change, he said.

“Fitbit says health and wellness data will not be used for advertising, but that leaves plenty of other information for Google to gather, including users’ locations, device info, friends’ lists, messages, profile photos, participation in employee wellness programs, and usage logs,” he said.

Source: https://www.theguardian.com/technology/2019/nov/05/fitbit-google-acquisition-health-data

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