Data does not need freedom, but requires sex.

The original Article is here. The author believes that in the spirit of Adam Smith, we should trade personal data freely in the open market. He also demonstrated such benefits and potential commercial values. Its opinion is sharp, but there are many merits.

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Who will pay for the services we want to create and use? This will become a problem. Twitter, Instagram, Pinterest, and similar services that the masses like to use are expensive. It is not a sustainable strategy to put "User growth first and wait for venture capitalists to come and plan business models. If we want to continue using such a service, we need to find a way to make it profitable.

Here I propose a way to make software companies profitable and benefit users, that is, to create an open market where data transactions can be freely conducted. Yes, you didn't hear it wrong-that is, selling your private data to anyone in an open market. Privacy has long been dead. Isn't it a chance for us to "make a fortune" with the death of privacy?

My idea is to create a data-centric production, consumption, and mining ecosystem for all participants to enjoy their survival and prosperity.

The recommended model is as follows:

• Data is a valuable resource, and is the basis for a large number of economic dependencies in the future.
• The current data is a zero-sum game problem. Data is like iron ore, but cannot be explored, transported, integrated, shaped, processed, or used to create other infrastructures that can drive commercial engines.
• Essentially, this is because data is not a commodity. Therefore, it cannot be used to generate greater value in a larger value chain. Generally, data cannot be purchased or sold in the open market. Therefore, they are difficult to change or use for other purposes. We cannot combine it with other things to create new things. The data stacked behind the garden walls is meaningless.
• To make data a material for creating emerging economies that can continuously create wealth, we need to do the following:

1. Data must be freely traded

2. In addition to advertising, data has other purposes.

From Adam Smith's point of view, data is valuable only when it is a market-oriented product. Data storage is expensive. Currently, advertising is a way to pay for it. The only way to make an advertisement work is to control the user interface. This means that all APIs are locked for benefits. Reducing overhead does not change anything because the benefits are still based on stored data.

Therefore, we need to expand the extension of data-based economic models and build an economy centered on commodities (such as cameras) and services (such as haircuts and heart transplants. The market created according to this scheme can make data transactions meaningful. Allowing access to the data can also rationalize and economically use the data by other groups (not the professional field of the Data Collector.

At present, there is no perfect data trading market. If you want to start a crowdfunding project that aims to enable all the information to be traded, do it. Because there is indeed a market that can be used as the basis for higher-level services. Data is the "currency" of the vertical industry ".

We need to trade data for such a service. Only when data is sold in the market can it realize its maximum value. Data that cannot be used for exchange is dead and meaningless. This will make the economy withered. Historically, the world economy has been growing dramatically while switching to free trade and away from the heavy-merchant system. So we need to make another change, that is, to rely on the data-driven economy.