4 ms·
My point is that if something is being monetized, what makes it monetizable is the agreement between the user and the service provider. All sorts of data is co
by AndrewUnmuted 7y ago
My point is that if something is being monetized, what makes it monetizable is the agreement between the user and the service provider.
All sorts of data is collected every day that is not monetized, but could be.
Consumers are allowing their data to be monetized by agreeing to sign up for "free" services which take an asset from the user which they do not know how to monetize themselves.
In a way the dynamic is similar to the early 20th century BP oil fields in Iran; the Persians had oil under their feet for centuries but outsiders came in and started to pump it out of the ground, making themselves rich but the general public of Iran - not so much. They didn't even know what to do with oil at first.
Once the Iranian people saw what was going on and realized that they were being exploited, they elected a leader who sought to nationalize the oil fields, since they finally began to understand what asset they had and how and why they could monetize it themselves.
The internet needs its own Mohammad Mosaddegh, so to speak. Not to commit property crimes and break contracts like Mosaddegh did - but to show the masses what is going on in a way that encourages them to change their behaviors in a fundamental way.