Bitcoin: Virtual Currency Challenge

Bitcoins are a peer-to-peer currency introduced in 2009. The bitcoin system is decentralized, which means there is no single authority that issues currency or tracks transactions. Bitcoins can now be used to purchase products and services and they can be exchanged for dollars, euros or other currency. [...]

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Price Discrimination

Price discrimination is a strategy that is frequently used by commercial organizations as a way of distinguishing between different groups of customers. By separating consumers into subcategories, companies can charge different prices for the same goods or services.

With the rapid growth of e-commerce, companies are able to experiment with and implement different price discrimination strategies. Online consumers consciously and unconsciously provide vendors with information that helps them to split the market into segments for price discrimination. This article introduces basic concepts involved in price discrimination, as well as some of the impacts on consumers’ [...]

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Data Protection in the Cloud: Why it Matters and How it Affects You and Your Data

Cloud computing has been a remarkable development in computing technology. It allows for high levels of specialization so that a small group of individuals, with expertise in a particular area can create a specific service and make that service widely available through the Internet. Such specialization has created giant leaps in technological capabilities. It has made information mobile, across locations and devices and revolutionized the way people share, store and consume information. However, it does not come without its [...]

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Amazon continues big business' Big Brother thinking, with a very Orwellian twist

Seems Amazon has not been reading up on their recent history. For some reason, most consumers don’t like it when you quietly make changes without asking. Amazon is re-learning the lesson through their Kindle electronic book readers and Whispernet service. They removed unauthorized copies of books that made their way onto the Kindle store and end book readers, angering customers. The author and book in question – George Orwell and [...]

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Wikipedia and Amazon opt out of UK controversy

Amazon and Wikimedia will sidestep the storm brewing around Phorm and the British ISP’s. Last week, after the announcement by the European Commission that charges would be brought against the United Kingdom for failing to conform to the EU Data Protection Directive, both Amazon UK and Wikimedia announced they will not participate in the behavioral advertising vendor’s [...]

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