Google and Facebook built empires on having access to users behavior information. This is indirect information because it doesn’t monitor how people actually use their money that is much more telling of needs and wants. However, advertisers would pay almost anything for that sort of information.
Bitcoin is much more valuable than Google or Facebook combined.
Bitcoin makes information about how money is spent available for free to anybody that wants to look at the data. That is the most powerful aspect of the Bitcoin technology that could be profoundly revolutionary. An open source data bank of global money transfer. Maybe this is what in the end could be the place where Bitcoin meets strongest resistance because I’m not sure that the big players (large banks and corporations) want to play the game in the open. But maybe they would not have any choice after all.
by Giovanni Santostasi