Current Events > From an economic perspective, information privacy is quite nebulous.

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Geiki Ganger 01/28/22 1:31:53 AM #1:	Undeniably valuable to big companies, as they will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way. --- Nintendo 3DS Friend Code: 3368 - 1137 - 5460 http://i135.photobucket.com/albums/q155/Gamecubesupreme/sf7y9s.jpg <cite>Geiki Ganger posted [p:962143769] in From an ec... [t:79872960]...</cite> <quote>Undeniably valuable to big companies, as they will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way. </quote> ... Copied to Clipboard!
WingsOfGood 01/28/22 1:48:48 AM #2:	Correct. We should be able to sue said third parties for a cut and also outright refuse. <cite>WingsOfGood posted [p:962143985] in From an ec... [t:79872960]...</cite> <quote>Correct. We should be able to sue said third parties for a cut and also outright refuse. </quote> ... Copied to Clipboard!
TheMikh 01/28/22 1:55:13 AM #3:	Geiki Ganger posted... Undeniably valuable to big companies, who will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way. to play the devil's advocate, it's why online surveys that pay participants exist. the data of individual persons is valuable, but as far as businesses buying data are concerned, data is most valuable in a readily digestible manner since there are costs associated with pre-processing raw data, never mind potential integrity issues in the results. the data they buy tends to be prepared, unless they have some serious tools and infrastructure for in-house processing. tl;dr businesses want cheeseburgers, not raw beef; gas from the pump, not crude oil. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:962144071] in From an ec... [t:79872960]...</cite> <quote>Geiki Ganger posted... </cite> <quote>Undeniably valuable to big companies, who will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way.</quote> to play the devil's advocate, it's why online surveys that pay participants exist. the data of individual persons is valuable, but as far as businesses buying data are concerned, data is most valuable in a readily digestible manner since there are costs associated with pre-processing raw data, never mind potential integrity issues in the results. the data they buy tends to be prepared, unless they have some serious tools and infrastructure for in-house processing. tl;dr businesses want cheeseburgers, not raw beef; gas from the pump, not crude oil. </quote> ... Copied to Clipboard!
Geiki Ganger 01/28/22 1:59:16 AM #4:	TheMikh posted... to play the devil's advocate, it's why online surveys that pay participants exist. the data of individual persons is valuable, but as far as businesses buying data are concerned, data is most valuable in a readily digestible manner since there are costs associated with pre-processing raw data, never mind potential integrity issues in the results. the data they buy tends to be prepared, unless they have some serious tools and infrastructure for in-house processing. tl;dr businesses want cheeseburgers, not raw beef; gas from the pump, not crude oil. If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want. --- Nintendo 3DS Friend Code: 3368 - 1137 - 5460 http://i135.photobucket.com/albums/q155/Gamecubesupreme/sf7y9s.jpg <cite>Geiki Ganger posted [p:962144117] in From an ec... [t:79872960]...</cite> <quote>TheMikh posted... </cite> <quote>to play the devil's advocate, it's why online surveys that pay participants exist. the data of individual persons is valuable, but as far as businesses buying data are concerned, data is most valuable in a readily digestible manner since there are costs associated with pre-processing raw data, never mind potential integrity issues in the results. the data they buy tends to be prepared, unless they have some serious tools and infrastructure for in-house processing. tl;dr businesses want cheeseburgers, not raw beef; gas from the pump, not crude oil.</quote> If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want. </quote> ... Copied to Clipboard!
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TheMikh 01/28/22 2:17:00 AM #6:	Geiki Ganger posted... If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want. the tragedy is that they don't want to pay, and since everyone idly consents to the terms and conditions on these large platforms rather than exerting collective pressure for compensation (or protesting with their feet, so to speak), the businesses have free rein to harvest/monetize/buy/sell user data without having to ask. an overwhelming amount of that data doesn't even come from what is consciously shared, such as posts, messages, prompts, likes/follows, etc. a lot comes from analyzing unconscious/latent behavioral patterns while using these applications - what users click on, what makes them stop scrolling a feed, when / where they're using the app, crossreferencing with data of other users they're physically proximal to, and such. data you couldn't even really explicitly prompt users for; only passively milk from them over a prolonged period. these businesses should really just pay users on their sites a regular dividend. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:962144307] in From an ec... [t:79872960]...</cite> <quote>Geiki Ganger posted... </cite> <quote>If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want.</quote>the tragedy is that they don't want to pay, and since everyone idly consents to the terms and conditions on these large platforms rather than exerting collective pressure for compensation (or protesting with their feet, so to speak), the businesses have free rein to harvest/monetize/buy/sell user data without having to ask. an overwhelming amount of that data doesn't even come from what is consciously shared, such as posts, messages, prompts, likes/follows, etc. a lot comes from analyzing unconscious/latent behavioral patterns while using these applications - what users click on, what makes them stop scrolling a feed, when / where they're using the app, crossreferencing with data of other users they're physically proximal to, and such. data you couldn't even really explicitly prompt users for; only passively milk from them over a prolonged period. these businesses should really just pay users on their sites a regular dividend. </quote> ... Copied to Clipboard!
Geiki Ganger 01/28/22 2:18:30 AM #7:	TheMikh posted... these businesses should really just pay users on their sites a regular dividend. Which is what makes it more infuriating some sites actually charge people to use. And people still pay like sheep! --- Nintendo 3DS Friend Code: 3368 - 1137 - 5460 http://i135.photobucket.com/albums/q155/Gamecubesupreme/sf7y9s.jpg <cite>Geiki Ganger posted [p:962144327] in From an ec... [t:79872960]...</cite> <quote>TheMikh posted... </cite> <quote>these businesses should really just pay users on their sites a regular dividend.</quote> Which is what makes it more infuriating some sites actually charge people to use. And people still pay like sheep! </quote> ... Copied to Clipboard!
Gobstoppers12 01/28/22 2:22:12 AM #8:	TheMikh posted... to play the devil's advocate, it's why online surveys that pay participants exist. Yeah, I make around $5-10 a day doing surveys online in between dungeon queues and such in FFXIV. --- I write Naruto Fanfiction. But I am definitely not a furry. <cite>Gobstoppers12 posted [p:962144367] in From an ec... [t:79872960]...</cite> <quote>TheMikh posted... </cite> <quote> to play the devil's advocate, it's why online surveys that pay participants exist.</quote>Yeah, I make around $5-10 a day doing surveys online in between dungeon queues and such in FFXIV. </quote> ... Copied to Clipboard!
TheMikh 01/28/22 2:26:00 AM #9:	Geiki Ganger posted... Which is what makes it more infuriating some sites actually charge people to use. And people still pay like sheep! it's pretty evil. part of the reason why i refuse to pay for such services - still being monetized and manipulated. i've fallen into the habit of private browsing a lot, and indulge in a bit of preference falsification when signed into social accounts. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:962144397] in From an ec... [t:79872960]...</cite> <quote>Geiki Ganger posted... </cite> <quote>Which is what makes it more infuriating some sites actually charge people to use. And people still pay like sheep!</quote>it's pretty evil. part of the reason why i refuse to pay for such services - still being monetized and manipulated. i've fallen into the habit of private browsing a lot, and indulge in a bit of preference falsification when signed into social accounts. </quote> ... Copied to Clipboard!
TheMikh 01/28/22 2:30:15 AM #10:	[LFAQs-redacted-quote] they're likely collecting far less data points than companies like facebook are, and from a far smaller number of people. Gobstoppers12 posted... Yeah, I make around $5-10 a day doing surveys online in between dungeon queues and such in FFXIV. i'd imagine that really adds up over time. properly scaled up with automation (only manually filling captchas if that can't also be automated), there might be interesting opportunities. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:962144437] in From an ec... [t:79872960]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> they're likely collecting far less data points than companies like facebook are, and from a far smaller number of people. Gobstoppers12 posted... </cite> <quote>Yeah, I make around $5-10 a day doing surveys online in between dungeon queues and such in FFXIV.</quote>i'd imagine that really adds up over time. properly scaled up with automation (only manually filling captchas if that can't also be automated), there might be interesting opportunities. </quote> ... Copied to Clipboard!
Kakapo 01/28/22 2:30:34 AM #11:	Its the same reason companies buy whole shipments of iron ore and not just a rock. --- Did my singing please you? No, the words you sang were wrong 24 hour party parrot <cite>Kakapo posted [p:962144441] in From an ec... [t:79872960]...</cite> <quote>Its the same reason companies buy whole shipments of iron ore and not just a rock. </quote> ... Copied to Clipboard!
Gobstoppers12 01/28/22 2:33:58 AM #12:	TheMikh posted... properly scaled up with automation (only manually filling captchas if that can't also be automated), there might be interesting opportunities. There are tons of attention checks and trick questions to keep the surveys from being automated, at least through the service I use. --- I write Naruto Fanfiction. But I am definitely not a furry. <cite>Gobstoppers12 posted [p:962144477] in From an ec... [t:79872960]...</cite> <quote>TheMikh posted... </cite> <quote>properly scaled up with automation (only manually filling captchas if that can't also be automated), there might be interesting opportunities.</quote>There are tons of attention checks and trick questions to keep the surveys from being automated, at least through the service I use. </quote> ... Copied to Clipboard!
TheMikh 01/28/22 2:35:47 AM #13:	Gobstoppers12 posted... There are tons of attention checks and trick questions to keep the surveys from being automated, at least through the service I use. ah, that would make sense. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:962144505] in From an ec... [t:79872960]...</cite> <quote>Gobstoppers12 posted... </cite> <quote>There are tons of attention checks and trick questions to keep the surveys from being automated, at least through the service I use.</quote>ah, that would make sense. </quote> ... Copied to Clipboard!
legendarylemur 01/28/22 2:47:47 AM #14:	A data is mostly as valuable as what they can be used to lead the person into buying though. If you sold your data with the promise of purchasing other services, they would probably be worth quite a bit compounded. When others sell your data, it's under the assumption that there's a risk of that data having no inherent value, but there is an expected average returns, so like if 100 data is sold and it can lead to avg 5 people buying into your shit. Like medical data is important because of other things becoming necessities, and you can be the sole provider. I wouldn't say private info is entirely a nebulous goods, just one that could have no value or a lot of value depending on context --- "Iwata was awesome" - Mr. Nintendo https://i.imgur.com/krtFHol.jpg <cite>legendarylemur posted [p:962144611] in From an ec... [t:79872960]...</cite> <quote>A data is mostly as valuable as what they can be used to lead the person into buying though. If you sold your data with the promise of purchasing other services, they would probably be worth quite a bit compounded. When others sell your data, it's under the assumption that there's a risk of that data having no inherent value, but there is an expected average returns, so like if 100 data is sold and it can lead to avg 5 people buying into your shit. Like medical data is important because of other things becoming necessities, and you can be the sole provider. I wouldn't say private info is entirely a nebulous goods, just one that could have no value or a lot of value depending on context </quote> ... Copied to Clipboard!
Questionmarktarius 01/28/22 5:16:55 AM #15:	Geiki Ganger posted... If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want. They do, though. If the value of using some app or service is worth more to you than worrying about "this field is required", then you've made a beneficial exchange. <cite>Questionmarktarius posted [p:962145942] in From an ec... [t:79872960]...</cite> <quote>Geiki Ganger posted... </cite> <quote>If big companies offer to pay me half of what they usually pay for those data, I'll make sure I get it to them in whatever form they want.</quote>They do, though. If the value of using some app or service is worth more to you than worrying about "this field is required", then you've made a beneficial exchange. </quote> ... Copied to Clipboard!
g980 01/28/22 5:21:07 AM #16:	Questionmarktarius posted... They do, though. If the value of using some app or service is worth more to you than worrying about "this field is required", then you've made a beneficial exchange. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:962145987] in From an ec... [t:79872960]...</cite> <quote>Questionmarktarius posted...</cite> <quote> They do, though. If the value of using some app or service is worth more to you than worrying about "this field is required", then you've made a beneficial exchange. </quote></quote> ... Copied to Clipboard!
g980 01/28/22 5:36:40 AM #17:	Geiki Ganger posted... Undeniably valuable to big companies, as they will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way. A lot of commodities behave this way, because one person's data alone is pretty low value Go try and sell a single doll hair to a doll company. You cant. --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:962146106] in From an ec... [t:79872960]...</cite> <quote>Geiki Ganger posted...</cite> <quote>Undeniably valuable to big companies, as they will pay a pretty dollar to acquire it from third-parties who possess your private information. But if you were to try to sell your own private information online, you get almost nothing in return. Can't think of any other commodity that behaves the same way. </quote> A lot of commodities behave this way, because one person's data alone is pretty low value Go try and sell a single doll hair to a doll company. You cant.</quote> ... Copied to Clipboard!
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Current Events > From an economic perspective, information privacy is quite nebulous. (+) Yeah! (+)

Current Events > From an economic perspective, information privacy is quite nebulous.