BinaryEye.com could be a brand name for a new type of VR interface. Instead of a clunky helmet or goggles, imagine a device like a pair of contact lenses that accomplishes the same effect. It could also be a brand name for a spy wearable or eventually an artificial, bionic eye.
Cameras have gotten so small that they can fit into or onto almost anything, and almost every digital device has a microphone. Our privacy is under constant assault by both the government and other private individuals. Today, privacy is the exception and not the rule. You must assume that you are being recorded at all times and act accordingly. The only way to fight back against it is to record everything yourself so that you have your own documented account that you can use to defend yourself if you are ever accused of doing something that you did not do. It is the tradeoff we make to have all the wonderful technology that makes our lives easier on a daily basis.
This domain would be a perfect redirect for a company that sold miniature wearable cameras and other similar devices.