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The option to monetize your own data is an amazing idea: a startup that pays you to upload the data you can download from your google, apple, facebook, BIGNAME
by camillomiller 8y ago
The option to monetize your own data is an amazing idea: a startup that pays you to upload the data you can download from your google, apple, facebook, BIGNAME account, basically renting it daily until you revoke consent, then uses it to do all sort of shit you can with it. You’ll get hypeprofiled and harassed with all sorts of advertising, but you’re actually getting real money for that.
- gregknicholson 8y agoWhen “you are the product”, you can sell that product.
- zerostar07 8y agoyou would have to find a market for them first. realistically private data is useless outside of a marketing platform like google or facebook. Maybe you can fill up some forms or polls for a few cents, that's it.
- scrollaway 8y agoThe problem with that model is... how much money is a single profile worth, really? I'd love to be proven wrong and for a company to implement this. But as far as I know, it's not being done because the math doesn't work out. It's too cheap for regular people to be interested, and an incentive for spamtech to mass create fake profiles and get paid pennies for it. In fact, the one variant I am aware of that works is survey sites, but that's because you get paid per result rather than for your data as a whole. If you're just renting your data daily, you'd get a lot less.
- akerro 8y ago> The problem with that model is... how much money is a single profile worth, really? I remember some estimates, facebook profile with a few years of history is around 1$, a few profiles from different sites of the same person 5$.
- deleted 8y ago[deleted]
- matte_black 8y agoYour data is worth about 21 cents.