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There are tradeoffs beyond just the company making more money, as Moxie's recent web3 assessment covered. Protocols take much longer to evolve, platforms are q
by kbenson 5y ago
There are tradeoffs beyond just the company making more money, as Moxie's recent web3 assessment covered. Protocols take much longer to evolve, platforms are quick to evolve.
Allowing platforms to innovate but somehow incentivizingnor requiring opening up what they've built seems like it would be the best of both worlds, but I'm not sure how that could be done well.
If people actually paid for usage, that would be one thing, because then it would be all about getting people to use your platform so you made more money, and having others innovate on too of it that you could fold into it would be cost effective. In the world of free APIs and services, it's all about keeping control of every bit.
Maybe all it needs is a nudge to make the decision to hoard all data no longer worth while. Make companies liable for PII that's lost and make someone's PII their own property only to be used with their agreement and maybe the rest will start to fall out of it.
- pydry 5y agoThe UK open banking regulations are a good model to follow. The problem is the intersection of extreme profits at stake and the public's lack of understanding of the underlying causes. That's not a recipe for good political outcomes. In the case of the UK open banking regulations I suspect tech lobbying (powerful) might have trumped high street bank lobbying (not as powerful).