I am not an expert but, for what i know,i think data transfer is not such a huge price to pay
It should be,lol. You are selling personal data, which cannot be obtained so easily,only if someone is sharing their personal life experiences.
In order for someone to sell something valuable, it has to be personal, hence the payment should be a bit higher when you are dealing with personal information. I think this " branch " is not capable to raise their costs in order for the information to be higher also. Too many are selling information,it's not so easy to keep a price at a high rate.
What if personal data becomes more valuable in 5-10years?
There could be something not yet invented... The market is still fairly young along with cryptos.
Initially, I doubt any single users personal data would be worth anything.
But suppose data farms pool users data? - kind of like bitcoin mining. Where each single user can benefit from the overall pool rewards.
Well since everybody is laying out their personal information on the internet, the fact that we can actually be paid doing that sounds pretty good for me tbh, so thumbs up boys and keep up the good work!
I think there can be serious potential here. But definetly some serious work ahead
As noted in the whitepaper, personal data is the oil of the 21st century. Data brokerage is a 250 billion USD/year industry, the data brokerage industry grew by 13.5% in the past 4 years and is expected to grow at the same rate during the next few years.
The prospects and potential in this sector is huge that's why datakers operate inconspicuously behind a veil of secrecy and a good number are evidently stealing personal data, packaging and reselling it as a commodity, to companies worldwide thereby violating consumers’ data privacy and not even compensating consumers.
