Just reading Jaron Lanier's new tome, "Who Owns the Future", which is, unsurprisingly, pretty good - one nicely put argument is about money as information (and its transformation as a record of past work into a model of future promises) - but the more striking point for me, especially in view of recent arguments about privacy and micropayment systems for cloud (OSN) services instead of eyeball time and surveillance analytics, is that when
you download some music for free, your appropriation deprives the author and performer of potential future revenue, but when the OSN company decide they can monetize all your pictures, life story, and interests, this is no different in reality, yet if you do a lot of music/game/movie piracy, you will get in legal trouble, whereas when wholesale invasion of privacy and monetizing of your personal informational property occurs, the big corporate pirates are rewarded by Wall Street investment.....
note.. there is now some doubt being cast on what is being charged by these guys for your life - so this is interesting, as it calls into question the price we'd have to pay for a privacy preserving service (i.e. it isn't the revenue google and fb are currently making divided by the number of users, because they revenue reflects possibly absurd profit margins, which are completely unnecessary once we dispense with adverts and analytics - lets say it could be as little as 1/10th of their current revenue - that'd be peanuts
reference:-
paper estimating worthlessness of paying for boosting search rank result
plus press covverage
you download some music for free, your appropriation deprives the author and performer of potential future revenue, but when the OSN company decide they can monetize all your pictures, life story, and interests, this is no different in reality, yet if you do a lot of music/game/movie piracy, you will get in legal trouble, whereas when wholesale invasion of privacy and monetizing of your personal informational property occurs, the big corporate pirates are rewarded by Wall Street investment.....
note.. there is now some doubt being cast on what is being charged by these guys for your life - so this is interesting, as it calls into question the price we'd have to pay for a privacy preserving service (i.e. it isn't the revenue google and fb are currently making divided by the number of users, because they revenue reflects possibly absurd profit margins, which are completely unnecessary once we dispense with adverts and analytics - lets say it could be as little as 1/10th of their current revenue - that'd be peanuts
reference:-
paper estimating worthlessness of paying for boosting search rank result
plus press covverage
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