Digital Cash (5)
Find narratives by ethical themes or by technologies.
FILTERreset filters-
- 30 min
- Wired
- 2019
In China, “supercompanies” such as WeChat or Alipay aggregate massive amounts of varied data on users. The Zhima Credit score system directly influences the agency of users by limiting their options in acting in their environment, or determining with whom they interact. The Chinese government interests itself with allying with large tech companies to incorporate a social ranking system which can be used to control and suppress citizens. Although the United States does not have “supercompanies” like those mentioned from China, the large companies that collect user data in the US certainly have the same potential to limit human agency.
- Wired
- 2019
-
- 30 min
- Wired
- 2019
Inside China’s Vast New Experiment In Social Ranking
In China, “supercompanies” such as WeChat or Alipay aggregate massive amounts of varied data on users. The Zhima Credit score system directly influences the agency of users by limiting their options in acting in their environment, or determining with whom they interact. The Chinese government interests itself with allying with large tech companies to incorporate a social ranking system which can be used to control and suppress citizens. Although the United States does not have “supercompanies” like those mentioned from China, the large companies that collect user data in the US certainly have the same potential to limit human agency.
How does social credit instituted by technology help perpetuate social division? What level of privacy is appropriate when it comes to social standing? Where should the line be drawn in terms of making decisions about people based on their digitally collected data?
-
- 5 min
- The New York Times
- 2019
As the case study of Baltimore demonstrates, cyber crime against governments for ransom of digital cash is not an uncommon practice.
- The New York Times
- 2019
-
- 5 min
- The New York Times
- 2019
Hackers Holding Baltimore Hostage
As the case study of Baltimore demonstrates, cyber crime against governments for ransom of digital cash is not an uncommon practice.
How can hacking affect whole cities? Should entire cities trust digital systems to contain all of their important information?
-
- 15 min
- n/a
- 2017
An exploration of Venmo transactions for five different randomly selected users. On Venmo, all transactions are public by default, and users can take certain steps to make this information private.
- n/a
- 2017
-
- 15 min
- n/a
- 2017
Public by Default: The Tales of Venmo
An exploration of Venmo transactions for five different randomly selected users. On Venmo, all transactions are public by default, and users can take certain steps to make this information private.
If you have Venmo, do you have in on private or public mode? Have you ever thought about what having your transactions publicised could lead to? Who could use information like what you are hungry for or your relationships to other people, and how?
-
- 15 min
- ARS Technica
- 2019
Facebook’s cryptocurrency, Libra, is facing problems and will take a long time to develop. While it is attempting to mirror the bitcoin blockchain network in its ideology and functionality, there are significant barriers to reaching this vision, the most prominent of which being that its existence as a subsidy of Facebook means there cannot be decentralized control or accountability.
- ARS Technica
- 2019
-
- 15 min
- ARS Technica
- 2019
There’s a big problem with Facebook’s Libra cryptocurrency
Facebook’s cryptocurrency, Libra, is facing problems and will take a long time to develop. While it is attempting to mirror the bitcoin blockchain network in its ideology and functionality, there are significant barriers to reaching this vision, the most prominent of which being that its existence as a subsidy of Facebook means there cannot be decentralized control or accountability.
What are the differences between Bitcoin and Libra cryptocurrencies? How does Libra embody technocratic control in a way that Bitcoin does not? Should this new cryptocurrency network be above governmental regulation? What would be the consequences of this?
-
- 5 min
- Gizmodo
- 2021
Thorough investigation led to the conclusion that bots played a role in the economic disruption of GameStop stocks in early 2021. Essentially, the automated accounts aided in the diffusion of materials promoting the purchase and maintenance of GameStop stocks as a ploy to act as a check on wealthy hedge fund managers who bet that the stock would crash. The wholistic effect of these bots in this specific campaign, and thus a measure of how bots may generally be used to cause economic disruption in online markets through interaction with humans, remains hard to read.
- Gizmodo
- 2021
-
- 5 min
- Gizmodo
- 2021
Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms
Thorough investigation led to the conclusion that bots played a role in the economic disruption of GameStop stocks in early 2021. Essentially, the automated accounts aided in the diffusion of materials promoting the purchase and maintenance of GameStop stocks as a ploy to act as a check on wealthy hedge fund managers who bet that the stock would crash. The wholistic effect of these bots in this specific campaign, and thus a measure of how bots may generally be used to cause economic disruption in online markets through interaction with humans, remains hard to read.
Do you consider this case study, and the use of the bots, to be “activism”? How can this case study be summarized into a general principle for how bots may manipulate the economy? How do digital technologies help both wealth and non-wealthy people serve their own interests?