Wave Systems Corp. (fka WAVXQ)

[24601]

Mark Cuban:

"I am creating apps that work to reduce your digital footprint. With NLP (natural language processing) and other means of processing everything we say and do online, software and apps will know more about us than anything the NSA could find out about us. What we do online, who we follow, what we text, who we pin or repost will say more about us than we could ever think to tell our shrinks. Today, Freud would be a big data analyst consuming all we post online as a proxy for our dreams.

"Cyber Dust (Cuban's latest start-up venture) is an app that deletes messages you send or read 30 seconds after you read them. No exceptions. We don't store them on a server anywhere. We don't store them on your device. They never touch a hard drive. There is no metadata. They cannot be subpoenaed. They are not discoverable by attorneys. They do not exist after you read them.

"Why does this matter? It matters for your kids. I trust my daughter when she texts. I don't trust the kids I don't know that she may message. And they may take the most innocent message and post it completely out of context on social media.

"It matters because the minute you hit send for a text, you lose ownership. But you do not lose responsibility. You could have texts you sent to a spouse on a phone they use for work that become public because his/her company was sued and all the texts on the phone had to be reviewed."

http://www.cnn.com/2014/07/30/opinion/cupp-mark-cuban-surprising-mind/index.html?hpt=hp_t3