You Should Get Paid for Your Data! [Blockchain is Changing The Status Quo]
Valuing the Future of Your Data
In today’s video, we highlight one of the biggest problems of the digital age from Eduardo Porter’s article in the New York Times, “Your Data Is Crucial to a Robotic Age. Shouldn’t You Be Paid for It?”. We’re seeing huge market problems of monetizing our individual data within conglomerates like Google and Facebook as we provide content, data, and attention for no pay. Interestingly, the article mentions nothing of decentralized blockchain technologies. For Sndbox, this is one of the biggest signs that we’re in for a great cultural shift when it comes to digital content and media. With the problems of the web and in particular social media identified over the last decade-plus of their existence, we can now begin to innovate on models of work and equity distribution for their users.
So in join in on the conversation! What do you think the future of data will look like? How will systems like blockchain and token economies change the way we value our work? Let us know in the comments below.
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I agree with Eduardo porter on this, people post loads of content on the above mentioned sites and not get paid rather they loose their data while doing so, but I think steemit has been on the right track from day one which is post quality, creative and original content and earn. So using your data to post on steemit is great because you are surely going to be paid for doing so. Great and educative topic you raised at sndbox, I call this an eye opener.
The article is really well done! Hopefully it begins to get people's gears churning in the other direction. Steem is a fantastic example of the value of content (data) being distributed back to those who create it. The times they are a-changin'.
Spot on @sndbox, you just hit the nail by the head, thanks for bringing such an outstanding post to the knowledge of steemians and hopefully the message will go beyond this platform so that people get to read it and get the full knowledge of why steemit is a standout. Thanks a whole lot for sharing this content, the message conveyed in this post is first class.
We need to decrease spending our time and contents for writing and uploading to facebook for free. Our time is more valueble than we thought :D
Wow
post quality , creative and original content and earn ? the situation in steemit have change thank to the bot and vote selling . I wish it happen like you say because i normally post about Malaysia numismatic field which not many people do . Maybe my topic is something not many people interest in it . But how can some CryptoAnalyst keep making wrong prediction and still get 100+ SBD in each post?
Than i learn one thing in steemit . It is not about quality , it is about popularity . I wish i have not been writing about malaysia numismatic history . Should have go write about Technical Analysis , maybe like that i can earn like mad.
Friend I understand the point where you are coming from but the facts remains that hard work does pay, if not now in the nearest future. So just keep blogging on what you know how to blog best, someday things will surely turn around. Stay positive friend and always have hope because it is hope that pushes us through this journey of life. Steem on.
You asked for more so here you go: the Jan 11th, 2018 issue of The Economist dedicates an article in the Finance and economics section to a recent paper by a bunch of researchers from Stanford, Columbia and Microsoft called "Should we treat Data as Labor? Moving beyond 'Free'".
A number of interesting insights in it, the first being, in my opinion, the following: "creating or strengthening absent markets, we can simultaneously address the inequality, stagnation and sociopolitical conflict afflicting developed countries."
Another important point "Thinkers promoting the idea of a “universal basic income (UBI)” have even suggested dignity based on work is becoming outdated and that as AI replaces humans leisure may be a growing source of identity" - identity based on leisure rather than work ! That can send a chill won the spine ... However, "for the medium term treating online experiences as purely consumption holds risks for the social and political fabric of developed countries." - and that is what we are experiencing in a number of developed countries.
Therefore the authors proposal, "Data as Labor (DaL) views data work as a new source of “digital dignity”." When you are reading and posting on Steemit you are doing work - producing and curating content for other people that follow you to read and find useful content easier, respectively. You participate in the evolution of knowledge.
In this respect the GDPR regulation of the EU is a trailblazer legal framework.
Yet this paper again, although it has AI and ML in focus, doesn't seem to make the connection with blockchain. Which is possibly to be related to a widely lamented fact: the relatively low number of economists taking interest in blockchain (as opposed to large numbers of lawyers for instance)
I completely agree with Eduardo Porter’s article,we should get paid for all our contents.When facebook came we were very happy that we dont need to pay for using facebook.Now we are thinking totally differently and steemit is making us thinking like that.Thank's to the block chain technology.We share all our content without getting anything in fb now we are getting paid for all our content.Thank's for the post.
When facebook came along it was great! A totally new way to connect with others and explore communities. Over time though, they've become too layered with ads, top heavy with isolating algorithms and essentially miners of our social data. Facebook is really like a huge mining rig...
Thanks for your comment @rupok :)
In the month of February, Mark Zuckerberg (COB and CEO) of Facebook sold over 4 millions of Facebook shares.
https://www.insider-monitor.com/top10_insider_sales_month.html
Personal data was the discussion in our house a few days ago, after my husband wrote an article about PDATA- the first Ethereum blockchain based marketplace for the secure trading of personal data.
I visualize a future when content could be easily monetized in an easy, natural and immediate way, based on the blockchain.
Several coins, a lot of them. For writing, curating, recommending, painting, dancing, singing, teaching... Just one wallet where the creator could concentrate them all and play with them.
Also, this creator could use his coins to support other creators and make more money doing it. To be part of a global community where different creative people of several fields could socialize, make teams, develop projects, create awesome things.
All in there, without third parties involved. Just people, monetizing, supporting each other.
Creating.
Just hope. Let's just hope.
I absolutely agree that companies should be paying for my data. It's a record of my habits, actions, behaviour and associations and in my opinion it belongs to me. Companies that use it for marketing purposes are effectively stealing my data.
That's right! This is why I think data will be one of the most expensive and valuable asset any person can have. Other people are using our daily just like in every facebook post we do so why not earn from it right?
There are a lot of projects offering to pay you for your data. Even today another project was added, I've mentioned it here:
https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-la-la-lend-of-crypto-land
But I don't want to be paid for my data. I want my data to be protected. I don't want google or any blockchain startup to have my data. I don't want my search history to be used against me by advertisment and marketing. Is there a blockchain for this?
I like this platform. It's just normal to get paid for spending your time for creating and commenting posts. It's future i guess.
Now i think no one is going to share anything for free who knows about blockchain technology.Till now we shared our valuable content for free on different kinds of social media platform.We were happy that a lots of people are watching my content and i am posting it for free.Now the situation will be change.Thank's for the discussion.
No more should we allow these social media platforms to make big money from our hard labor for FREE.
If voluntarily we supply others with content, then by all means they can have it for free - we're giving voluntarily. But as it had been there was no means to not give it and still produce content. People being socially creative by nature, we couldn't not produce content unless we were too busy to be on social media or on principle chose not to be. So it was effectively a parasitic business model like bridge tolls collected by private companies on the public infrastructure. The social media corporations claimed that because they provided a utility (i.e. the platform) they had a right to the value of the activity produced via the utility. They elided the fact that the users are the principals in the production of value and thus have rights to the lions share of it.