👇1/X: A thread on why #opensource financial tools consisting of local apps that protect your #privacy are a necessity in today's world of constant hacks and data leaks.
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In a world dominated by closed source SaaS someone has to freaking say it!👹
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🧑💻🌈🏦
In a world dominated by closed source SaaS someone has to freaking say it!👹
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2/X: What does #opensource mean? Why should the user care?
Opensource means that the tool is #transparent and #auditable about what it does. The code is open for all to see and judge.
The user can then verify (probably through other experts) that all claims of the tool are true
Opensource means that the tool is #transparent and #auditable about what it does. The code is open for all to see and judge.
The user can then verify (probably through other experts) that all claims of the tool are true
3/X: What does "protecting your privacy" mean?
Protecting your privacy DOES NOT MEAN having a freaking privacy policy🤦💩
No organization intends to leak user data. Yet it happens all the time
Financial data are among the most sensitive data we got. Hacks can lead to targeting
Protecting your privacy DOES NOT MEAN having a freaking privacy policy🤦💩
No organization intends to leak user data. Yet it happens all the time
Financial data are among the most sensitive data we got. Hacks can lead to targeting
4/X: Recent example of financial data leaking in crypto. Cryptotrader tax. It has a privacy policy, your privacy is important to them 😂💩
Yet they got hacked and leaked financial data of their users.💥
They didn't intend to do that. But they made it possible by being a SaaS💩
Yet they got hacked and leaked financial data of their users.💥
They didn't intend to do that. But they made it possible by being a SaaS💩
5/X: The solution to all that is the powerful combination of #opensource and #local applications.
1. If your data does not leave your system then it can never leak. Your privacy is protected. Not just "respected".
2. With #opensource you can verify that the above indeed happens.
1. If your data does not leave your system then it can never leak. Your privacy is protected. Not just "respected".
2. With #opensource you can verify that the above indeed happens.
6/X: Okay then Lefteris you ask. Why is everyone not doing that then if it's so cool?
The answer is simple. Its fucking hard.
1. Local apps have to support different OSes and deal with their quirks.
2. Opensource is hard to monetize and many VCs don't like the idea of open code
The answer is simple. Its fucking hard.
1. Local apps have to support different OSes and deal with their quirks.
2. Opensource is hard to monetize and many VCs don't like the idea of open code
7/X:
3. Development of a local and opensource app takes in general a lot more time than a SaaS.
4. Updates also tend to be more cumbersome as (in most cases) they require user action.
3. Development of a local and opensource app takes in general a lot more time than a SaaS.
4. Updates also tend to be more cumbersome as (in most cases) they require user action.
8/X:
So why bother?
You bother if you care about your users. In the end as a tool you have to provide the maximum amount of value for your users.
Sometimes you even have to protect them from themselves and from your mismanagement of your infrastructure (data leaks/hacks).
So why bother?
You bother if you care about your users. In the end as a tool you have to provide the maximum amount of value for your users.
Sometimes you even have to protect them from themselves and from your mismanagement of your infrastructure (data leaks/hacks).
9/X:
This is what we do @rotkiapp🐦
We create tools the way we do because we deeply care about our users🧑💻💕
- We protect their #privacy by being a local app🕵️
- We are honest with them by being #opensource🥰
- We provide max value by continuously delivering new features🧰
This is what we do @rotkiapp🐦
We create tools the way we do because we deeply care about our users🧑💻💕
- We protect their #privacy by being a local app🕵️
- We are honest with them by being #opensource🥰
- We provide max value by continuously delivering new features🧰
10/X:
Try @rotkiapp today and use a #financial tool that protects your #privacy and cares about you🚀🏦
- Download: github.com/rotki/rotki/re…
- Opensource does not mean free. Buy premium and support us: rotki.com/products/
- Chat with us: discord.gg/aGCxHG7
Try @rotkiapp today and use a #financial tool that protects your #privacy and cares about you🚀🏦
- Download: github.com/rotki/rotki/re…
- Opensource does not mean free. Buy premium and support us: rotki.com/products/
- Chat with us: discord.gg/aGCxHG7
