Social media has been under the spotlight in recent years, as illustrated by well-known cases against private companies involving privacy and misinformation issues.
How does that affect the cryptocurrency industry?
So long as the crypto community continues to use mainstream social platforms, the industry will necessarily remain vulnerable to the same risks. Because of the reach of traditional media and the pseudonymity enjoyed by its users, some people may be tempted to spread false information in the crypto space, which could cause significant damages to the members of the community. Bitcoin.com’s report on millions of dollars that have been deemed lost due to impersonation scams on mainstream social media platforms supports this idea.
So, what can you do?
We have created a one-page document addressing the topic being brought up in the Social Dilemma documentary in the world of cryptocurrency and the solutions Bitfinex has to offer in response.
Get your copy for free!