5 ms·
If someone were to figure out the exact mechanics of this, then this could become universal basic income. I have thought a lot about what trapped intangible va
by a_d 8y ago
If someone were to figure out the exact mechanics of this, then this could become universal basic income.
I have thought a lot about what trapped intangible value all of us have, such that ‘if’ there was a market for it, we could get paid. Our personal data, with opt-in volunteering, is certainly at the top of the list. The other potential personal markets that have very similar characteristics (to personal data), but don’t exist are:
1) Home equity: Americans have $6.2T in home equity that could be “sold”
2) Driving data: get paid for carrying free sensors so that one helps map the world, so we get to self driving sooner in more cities
3) Opinions: large scale polling for everything, from movie trailers to startup landing pages to new products/ads — everything
4) Fact checking: crowd sourced journalism; often Reddit crowds figure out the truth/source faster than pro journalists; there ought to be a market for “if I know something, Eg some insider info, I could improve on the state of public truth”
5) Goodwill: one of the most amazing things I stumbled upon was www.reddit.com/r/borrow; people ask for money and strangers give money; I would never have predicted this to exist. I believe goodwill and benevolence is one of the largest untapped markets.
There are probably several other (and better) examples: point is that royaltiess/annuities from such markets could be part of UBI in the future.
- yosito 8y ago> If someone were to figure out the exact mechanics of this, then this could become universal basic income. I believe that's what China's social credit system is doing. It's a very powerful idea, but also has some very dystopian undertones.
- a_d 8y agoAny suggestions on good sources: Where can I learn more about it? (Thanks for the comment. Very curious to learn more.)
- teddyh 8y agoPropaganda Games: Sesame Credit - The True Danger of Gamification - Extra Credits https://www.youtube.com/watch?v=lHcTKWiZ8sI https://www.youtube.com/watch?v=lHcTKWiZ8sI
- jchanimal 8y agoPart of the hypothesis of Document Coin [1] is that when people have “road feel” for the value of the information they share, they’ll be better able to prioritize their own privacy. Eg if you know some advertiser will pay you for personal data, you’re more likely to hold out for a better deal, and be picky about who you share with. [1] https://www.wired.com/2014/07/document-coin https://www.wired.com/2014/07/document-coin
- hyperdimension 8y agoNot to take away from your point, but I like to imagine > I believe goodwill and benevolence is one of the largest untapped markets. being said in some board room somewhere...
- J-dawg 8y ago“Oh, you know what Bill’s doing? He’s going for that anti-marketing dollar. That’s a good market. He’s very smart.” https://genius.com/Bill-hicks-on-advertisers-and-marketing-annotated https://genius.com/Bill-hicks-on-advertisers-and-marketing-a...
- egypturnash 8y ago> I believe goodwill and benevolence is one of the largest untapped markets. But the attitude that sees anything as a “market” is one that generally wants to relentlessly exploit them, which would pretty quickly destroy goodwill and benevolence.