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Hidden Forces

What the Twitter Hack Tells Us About Why the Internet Is Broken & How to Fix It | Muneeb Ali

Hidden Forces

Demetri Kofinas

Business, Government

4.81.6K Ratings

🗓️ 22 July 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

In Episode 147 of Hidden Forces, Demetri Kofinas speaks with Muneeb Ali, co-founder of Blockstack, a full-stack decentralized computing platform and app ecosystem that puts users in control of their identity & data. 

The two spend the first half of their conversation discussing the recent twitter hack and what lessons can be drawn from the attack.

The rest of the episode (including the overtime) is spent on Blockstack and how protocols like it offer solutions for problems of security and privacy on the Internet today.

You can access the episode overtime, as well as the transcript and rundown to this week's episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.

If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following:

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at http://patreon.com/hiddenforces

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Episode Recorded on 07/19/2020

Transcript

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0:00.0

Today's episode of Hidden Forces is made possible by listeners like you.

0:04.4

For more information about this week's episode or for easy access to related programming

0:09.7

visit our website at hidden Forces. I.O. and subscribe to our free email list.

0:16.4

If you listen to the show on your Apple Podcast app, remember, you can give us a review.

0:21.5

Each review helps more people find the show and join our amazing community.

0:26.8

And with that, please enjoy this week's episode. And the What's up everybody? My guest on this episode of Hidden Forces is Munib Ali.

0:54.8

Dr Ali is the co-founder of Block Stack, a full stack,

0:58.9

decentralized computing platform and application ecosystem that puts users in control of their identity and data.

1:07.0

We recorded this conversation on Sunday morning July 19th, four days after Twitter's social media platform was compromised and what

1:16.2

could have become one of the most catastrophic attacks in U.S. history.

1:21.8

I say could have because the attackers didn't just compromise the

1:25.6

individual accounts of people like candidate Joe Biden, former President

1:30.1

Barack Obama, and CEO Elon Musk.

1:33.0

But they actually hacked into the network itself

1:36.0

and were able to take full control of almost any account on the platform,

1:41.0

which means that they could have theoretically used any one of those accounts

1:45.4

to broadcast anything.

1:48.1

What they ended up doing with this godlike access was to broadcast a juvenile scam that brought in only about $100,000 in

1:56.6

Bitcoin from roughly 300 accounts.

2:00.5

Now, this raises a lot of questions primarily why would an attacker go to such lengths to gain

2:08.8

access to the accounts of the world's most powerful people and all of their private data only to conduct a six-figure

2:16.5

scam. It just doesn't make sense and it doesn't have to. We can still draw conclusions and learn lessons from this attack

...

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