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this post was submitted on 07 Jul 2023
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I really wish there could be a law that says that if they want people to use their platform so they can use their data they have to pay people for their data. Data is money, but only to the companies that suck up my data and use it to make money. If my data is worth money I want money for my data. If companies had to pay me for my data I would consider using Instagram, Facebook, Twitter, et. al. if the price were right. This is no doubt a very impossible wish. They also say time is money and there is no law requiring people to pay me when they waste my time. But, I can dream. Imagine getting a nice check in exchange for signing up for Instagram.
Let's call it data whoring.
That's funny! Imagine being called "you data whore" hahaha! In all seriousness, though, if such a law existed and depending on the payment requirements, there might not be many data whoring opportunities. Depending on the legislation, it could discourage entities from tracking, storing, mining, and selling people's data. It would require entities to keep track. With people using online services in the millions, that's some serious accounting and legal representation. It might even cost more money to prove compliance to governments than the payments to the "data whores" would. Then, of course, there would be the fines to pay for non-compliance, and the lawsuits. That's why this law I dream of will never happen. Depending on the law and its implementation it could cripple online industry and make companies like Meta totally non-existent.