potential dangers of windows 10 OS

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(clicky)windows 10 comes with built-in-spyware- if your work requires confidentiality, DO NOT INSTALL W10!
part of the Windows 10 EULA:

Privacy; Consent to Use of Data. Your privacy is important to us. Some of the software features send or receive information when using those features. Many of these features can be switched off in the user interface, or you can choose not to use them. By accepting this agreement and using the software you agree that Microsoft may collect, use, and disclose the information as described in the Microsoft Privacy Statement (aka.ms/privacy), and as may be described in the user interface associated with the software features.
In addition, the scuttlebutt is that Microsoft is going for a subscription arrangement for their OS from 10 onwards. I for one do NOT want to pay a yearly subscription just to use my puter.

There is no proof that Microsoft is going to pull subscription service on Windows 10 for consumers.
It wouldn't surprise me if Microsoft tried this one day, but the public backlash would be too great for it to happen.

Microsoft is going the OS X route with Windows 10, where each new release is acts a free content pack.
For next few years, if not the decade, you will see Windows 10.x (each new release will be decimal update like Apple does with OS X).

Did anyone believe Windows 10 free upgrade was actually free????

With this all said, this isn't nearly as much or as intrusive as what Google collects on people using their services (did you think it was free?)
Hell Google collects tons more data from Android users than all the other OS makers combined (this is why Android is free).
On top of that nearly all Android OEMs collect data of their own from their phone users.

if you're using Android, you have no right to complain about Microsoft's Windows 10 doings.

If you don't like having your data collected you have two main choices:

1) Straight Linux and some Linux Distros do not collect user data.
Many Distros due, especially Steam OS.

2) Apple products. Apple collects very little data on it's OSes and other products that it's customers use. They also use better encryption that not even the U.S. and Chinese governments have cracked yet in their software and OSes. The U.S and others have publicly stated that Apple is guilty of supporting crimes and terrorists by not handing over it's encryption to law enforcements and intelligence agencies. Hell there is even a move in the UK to force all OS makers to hand over their keys to the UK government or face a full product ban.

Anyways make sure to change the privacy settings in Windows 10 and enjoy your new OS.
Also if you are that afraid of Microsoft don't take it online.
AGAIN THERE IS NO SUBSCRIPTION SERVICE PLANNED FOR WINDOWS 10 (as of yet).

so a reading of the EULA does not make a reasonable person fear that Microsoft will fink on anybody caught firesharing?

I read somewhere that altering the Windows 10 privacy settings to something more secure requires using about 3 different settings screens. So I would spend a few moments researching what these are before proceeding in order to make sure I found and changed them all.

Microsoft literally doesn't care if you file share unless it's their software, obviously.
Microsoft has yet to brick someone's device over it, they aren't that stupid or that brazen to do it.
It would most likely get them in trouble with the law and/or the PR disaster it would cause.

Oh Microsoft is still fighting the EU on anti trust issues, while also trying to quell anti trust investigations in other countries as well.

They aren't willing to do anything that brings them deeper into antitrust territory and/or do anything to warrant another round of issues with the U.S. regulators (and the states too).

Turning the setting to NO in Windows 10, puts their data collection on the same level as the previous Windows dating back to Windows 98 (yeah they've been doing it since 1998).

If the normal level of data collection bothers you, then never allow Windows to be accessing the internet.

If you haven't noticed, you personally tend to read too deeply into things.

You can read a EULA(s), though most have just anti piracy and forbid illegal usage.

it is normal for a prey animal [end user] to be wary of corporate predators. I will have to have assistance with it when I am cornered into using 10.

Windows 10 is better than built than Windows 7 and marginally better than 8.1.

I basically need to know if I will have to upgrade-patch any of my programs presently running on w7? I use an audio dsp app called "pristine sounds 2005" that I absolutely cannot lose, my fear is that it won't run on 10+.

All computer software has holes, just not necessarily known or publicly disclosed. There's no reason to be paranoid, but just take it as a given when using any kind of technology that anything you do, regardless of how secure the system may appear to be, is accessible to those with the skill and interest. If the government is sincerely interested in you, it doesn't matter if you're running Linux, BSD, OS X, Windows, Android, etc. It doesn't matter if you encrypt your data, or send it over the network in plain sight. By running a secure OS and encrypting your data, you're just reducing the risk of having your system compromised by unwanted parties, but not eliminating it. Certainly do what you can to reduce the risk, but by no means expect any degree of privacy if you're doing something that would cause the government to be interested in you.

There's no need to worry or stress yourself out. It's a reality that any system can be compromised, so the only thing you can do is accept it and don't engage in activities that would gain the government's interest.