Privacy Policies ate your lunch! Again!
Diupdate
Ok folks, it's time to blow the whistle again and I don't mind saying that I will be doing it in the face of a multi trillion dollar industry built on collecting data, rendering it, and selling it to 3rd parties. Noting I have only recently been introduced to this subject and don't have much to really back up my claims, except for a lot of bad experiences that I will keep to myself.
What is data collection practice?
Data collection is the practice of harvesting any bit of information that can be collected from a unique individual that is then compiled into a database and auctioned off to a clearing house and/or data collection agency. The data collection agency then processes all of the seemingly "jibberish criteria" using multi-billion dollar super computers employing decades worth of intellegince developed by teams upon teams of people, with the end result being if you sneaze on Tuesday they know exactly what to market to you on Wednesday.
Where to find the data collection policies layered into all your web brokers, platforms, or services?
Most all the time the data collection policies are found at the bottom of the home page of the website, and is typically a long legal drafted document stipulating the companies legislative right to collect your data and mine it for anything it can make a profit from. That means if you want to take action against the company for the data they recorded about you then you must hire a team of lawyers and take them to court!
Basically the "little guy" has been hacked dominantly enough that it was converted into a legal practice, that in turn acts as a gag order to prevent them from being able to do anything about it.
What's the big deal about data collection?
Essentially it's an indirect way to (1) steal intellectual property (2) employ mind control techniques that empower the business to tap into your wallet at their leisure. Example: if say Etrade "collects" your trade history then sells it to a data collection agency that processes the information with billion dollar equipment & intelligence then they can reverse engineer your entire trading system and turn around to sell it to a 3rd party on the open market, effectively nuetralizing your ability to profit with the intelligence you developed in private. ERGO your own trading broker, web service, etc stole your lunch money.
A few alarming examples is the fact that most privacy polices use the word "collection" instead of "use". If they were "using" your data to offer you their service then you wouldn't have to be concerned with it being saved in a dossier/profile and getting auctioned off to a professional agency that will mine it like its digging for gold; but they always use the word "collection".
Observe the sarcasm relief "skit": "No I've never heard of anyone in a trillion dollar industy using super computers to analyze people's data, but hey maybe you should run with that because you never know it could be a thing."
Seriously there are major issues with data collection and some of the areas are beyond alarming such as the fact I was reading Microsoft Outlook & Microsoft 365 related privacy policies (data collection) the other day and came accross the line "we reserve the legal right to open and read your mail", I'd say that we have major privacy issues here. Or looking through any major brokerage privacy policy and just the vagueness in the way they mention "we collect data on your trading history, transactions, etc" such as on Etrade, or TDAmeritrade. The most aggrevating part is every leading company in the technology industry is layering in more and more data collection policies within their services that most of the time if you try to disable them the service stops working properly. At the end of the day you have to realize that even though the company looks like a nice professional service they are not treating you nice and professional, in fact they've gone out of there way to win the legal right to abuse you by destroying your privacy and stealing a record of your activity to use against you.
The fact of the matter is if you can't ascertain privacy while trading you will never succeed because they will share your information and adapt to your trading system before you have a chance to consistently profit with it. Even worse if the industry writes you off as "incompetent" then they will use your trading history or collected data to bet against you.
In conclusion if you can't figure out a way to either (1) use services that actually list a privacy policy for the purpose of stipulating ways they provide privacy instead of destroy it, or (2) stay ahead of the incoming attack from data collection; then you need to find a job that doesn't involve computers. Period.
That's how bad it is. That's how far down the wrong road technology has traveled.
What is data collection practice?
Data collection is the practice of harvesting any bit of information that can be collected from a unique individual that is then compiled into a database and auctioned off to a clearing house and/or data collection agency. The data collection agency then processes all of the seemingly "jibberish criteria" using multi-billion dollar super computers employing decades worth of intellegince developed by teams upon teams of people, with the end result being if you sneaze on Tuesday they know exactly what to market to you on Wednesday.
Where to find the data collection policies layered into all your web brokers, platforms, or services?
Most all the time the data collection policies are found at the bottom of the home page of the website, and is typically a long legal drafted document stipulating the companies legislative right to collect your data and mine it for anything it can make a profit from. That means if you want to take action against the company for the data they recorded about you then you must hire a team of lawyers and take them to court!
Basically the "little guy" has been hacked dominantly enough that it was converted into a legal practice, that in turn acts as a gag order to prevent them from being able to do anything about it.
What's the big deal about data collection?
Essentially it's an indirect way to (1) steal intellectual property (2) employ mind control techniques that empower the business to tap into your wallet at their leisure. Example: if say Etrade "collects" your trade history then sells it to a data collection agency that processes the information with billion dollar equipment & intelligence then they can reverse engineer your entire trading system and turn around to sell it to a 3rd party on the open market, effectively nuetralizing your ability to profit with the intelligence you developed in private. ERGO your own trading broker, web service, etc stole your lunch money.
A few alarming examples is the fact that most privacy polices use the word "collection" instead of "use". If they were "using" your data to offer you their service then you wouldn't have to be concerned with it being saved in a dossier/profile and getting auctioned off to a professional agency that will mine it like its digging for gold; but they always use the word "collection".
Observe the sarcasm relief "skit": "No I've never heard of anyone in a trillion dollar industy using super computers to analyze people's data, but hey maybe you should run with that because you never know it could be a thing."
Seriously there are major issues with data collection and some of the areas are beyond alarming such as the fact I was reading Microsoft Outlook & Microsoft 365 related privacy policies (data collection) the other day and came accross the line "we reserve the legal right to open and read your mail", I'd say that we have major privacy issues here. Or looking through any major brokerage privacy policy and just the vagueness in the way they mention "we collect data on your trading history, transactions, etc" such as on Etrade, or TDAmeritrade. The most aggrevating part is every leading company in the technology industry is layering in more and more data collection policies within their services that most of the time if you try to disable them the service stops working properly. At the end of the day you have to realize that even though the company looks like a nice professional service they are not treating you nice and professional, in fact they've gone out of there way to win the legal right to abuse you by destroying your privacy and stealing a record of your activity to use against you.
The fact of the matter is if you can't ascertain privacy while trading you will never succeed because they will share your information and adapt to your trading system before you have a chance to consistently profit with it. Even worse if the industry writes you off as "incompetent" then they will use your trading history or collected data to bet against you.
In conclusion if you can't figure out a way to either (1) use services that actually list a privacy policy for the purpose of stipulating ways they provide privacy instead of destroy it, or (2) stay ahead of the incoming attack from data collection; then you need to find a job that doesn't involve computers. Period.
That's how bad it is. That's how far down the wrong road technology has traveled.
Komentar
....please don't get fooled by the "Joe's" in the industry blogging about how inert data collection is, or that privacy is over rated, etc because it doesn't mesh once you actually read the privacy policies and find out the length of data being collected, stored, and sold for analysis on supercomputers.Komentar
....and remember digital security, privacy, and anonymity is such a difficult thing to gain a foothold on that if you take precautions that seem to have no effect it's most likely because your digital bread crumbs are still being left behind. Basically even though you will take every step recomended on the wire to achieve security, privacy, and anonymity you most likely still have a million other leaks that need to get plugged before you actually do have security, privacy, and anonymity.Komentar
....I'm not being pessimistic: if the technology industry doesn't like the truth then they should have done the right thing from the start, instead of becoming a monster.Komentar
....PS the reason microsoft issuess updates everyweek is because of the information packet loss that occurs over the internet due to data collection scripts injecting codes that accidentally cause the packet to drop. Resulting in the need to issue patches out the wazoo. And no one will actually tell you the truth because there's trillions of dollars involved, anytime there's that much money involved you can bet your bottom dollar the truth will never surface.Komentar
....Packet loss for a computer is like blood loss for a human, eventually the computer software will crash and die if it doesn't recieve a patch. Is it really hackers? No your computer most likely doesn't work right because it's missing information packets caused from the reasons outlined above. In conclusion (again) all of our computers are breaking at the expense of data collection policies. They literally can't stop screwing us over!Komentar
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Ok folks I'm going to provide illustrations below to make it easy to understand the beckoning call for change discussed above because I know it can be easy to confuse the difference between "Security" "Privacy" and "Anonymity".Komentar
First I will state that while browsing the internet you face a TRIPLE THREAT from attackers. An idea you will piece together after studying my illustrations:Komentar
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Understanding the TRIPLE THREAT of browsing the internet and using the services at websites:Security: provides protection against the only "illegal" attack, hackers.
Privacy: provides protection against the "legal" attack of data collection, the process that companies use to turn your bread crumbs into a "freshly baked batch of cookies" to sell on the open market (at the expense of your property).
Anonymity: provides protection against the "legal" attack of profiling, the process that companies use to turn your access history/road map into a "new car" to sell on the open market (at the expense of your property).
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And since 2 of the attacks are "legal" they have a kicker to further dominate your actions towards achieving privacy and anonymity.Komentar
and that is by flagging you as a "suspicious user", a "potential hacker", or a "possible spam bot".Komentar
Once enough evidence is collected they can convert it into a case file and turn it over to the government that will then issue a court ordered warrant for the right to intercept and record all of your network activity from your internet service provider. Then guess what happens: after your data sits on a police computer server somewhere for some amount of time they decide to remove it by auctioning it off just as they would any other search & seizure of property related to "crime", such as automobiles. Guess who steps up to buy your data at a discount, you guessed it the same collection agencies that you blocked from invading your privacy and knowing your identity.All because it's "legal".
At the end of the day the word "legal, police, government" stops symbolizing the stereotype of "right" "ethical" or "just" as it comes to the internet.
At the very least you can now feel debriefed to the rhetoric:
Lose a trade lately? I have no idea why.
Most all traders lose all their money when they first start out. Interesting statistic, it must be a hard thing to do.
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