Topic: Passive Income? New Start-Up Would Pay you to Share Personal Data (Read 579 times)

The thing is if they pay really pay you 50 dollars a month this personal information is much more valuable for them and they will use the personal information to earn for than 50 dollars, we know are in years when advertisers can earn lots of money but this can be very much dangerous to share this information, even if the person is not important and doesn't have any specially thing in his personal information still the personal information worth much more than a few dollars per month.

I don't like this idea, for me it's a No but there are many people in the world today that are suffering financially due to a bad country's economy, and they will do anything to get rid of their problem.

Do not sell your personal data for some dollars because your data won't be safe in the hands of third-party companies or platforms, they will promise that your data is safe but it's not.

Of course not. My personal data is very important, and I want to keep my personal data private from third parties and get paid because usually, the fees are not big and only very little. Third parties will receive the most payment because they can use people's personal data for various things. In addition, we will never know how secure their company is from hackers who want to steal important data from their users. There are many other ways to earn passive income, and if we can't get it right now, we have to keep trying because one day, we will get it.

Lol, it's funny you would approach it this way but it's nothing short of the truth. It's the reason why some who knows how much cryptocurrency offers and values privacy stays with the system and operates based on it's principles.

But, if we try to look at banks and the organisation in question, there is a level of compliance and bias that might play to one being more comfortable with the banks that aren't paying you shit as against an organisation that isn't well known but yet ready to pay for a glimpse into your dealings.

Like you've said, it's good enough for some and your surely going to find those people digging in. Those that carres very little of privacy and are in desperate need of money.

i won't consider such source of money to be an influence with my income. yes, it may be passive, but what is the frequency of getting 50 bucks a month from this app? it is like most survey sites, you will only earn a lil bit if you qualify for their requirements, and not all the time that you will be included in the survey. also, do take note that your movements are recorded on this app, if that's fine with you, great but if you want privacy, better not to. like you will receive an email from out of nowhere, offering a staycation because the app is suggesting you like staycations. you would wonder why they seem to know your movements and preferences, so you need to expect such scenario will happen if you register on this site.

I've been reading the replies, and I'm suggesting that you wait until it's out of the beta testing phase in order to form a justified opinion. $50 per month sounds way too much for doing something you're already doing, basically for free. In my opinion, I find it hard to believe that it will be over $20 per month. If we suppose that you're actually receiving the $50 that other posters mentioned and claimed to be a petty amount, it's actually $600 per year, which is almost another full salary in Greece. We should speculate on things on a long-term basis.

The platform is running with a limited number of users so far; it'd be interesting to review it after it's open to the public.

As much as people are free to do whatever they want with their life, this would not be a smart move. A third party company having all your data is all shades of wrong. Its difficult enough as it is to have complete privacy online. Willingly giving permission for a company to know and everything you do online is a whole new level. I'm even tempted to say its laughable but then, not everybody cares about their privacy. And for $5 to $20 a month? c'mon!!

There is a difference between stealing your data to use for illegal stuff, and actually gathering data do something legal. Like if I get the data of a million people and not even share it with marketing people but just get offers and do it, like facebook does, then I could be basically a good guy, because I am not sharing it with any people, marketing people tells me "show this to gamers" and I do, and they have to trust me.

But, if I steal your data and act as if I am you and take out a loan? Now that is totally different thing and we are talking about a risky thing. That's why most places added "show a paper of current date" on the KYC thing as well, had to be added.

It's free so I'm sure that many people would be interested in it despite risking their personal data. If the payment would be worth risking, then I would grab this opportunity.
Our data is being shared online through different platforms, especially those that usually ask for KYC so I don't think taking the risk would be too hard. It would be a lot better if the offer would come from a legit and trusted company.

That is also a problem but for sure when we agree for the terms we should be reading it thoroughly if we decide to stop the called data harvesting on you . So probably they will do is that they will stop collecting data on you but again your existing data or your previous data will still be on them and cant be archive or deleted since it is always a win situation for them . Though there is still a lot of things that needs answer like how can they cater if there are a lot of users will sign up on this?

This isn't an issue to some people who had already lost their data severally to random platforms. Besides this is exactly what banks does with our data without our consent let alone paying us.
So, I wouldn't be surprised to see people subscribe to the idea.

Another issue to consider is how long would they continue to pay you because if your data is harvested once, they may pay once or twice and stop paying you while continuing using your data.

Rightly put! Am more or less concerned about the exposure to phishing sites and as we all know, the internet never forgets. Even if the said company folds up tomorrow, your data will still remain on the internet. I don't know about you, but unless I have more than one phone, with several alais and login credentials then I can't obviously consent to such kind of intrusion as an advert for $50 monthly. Its rather too intrusive on my privacy.

We have no idea what will happen to that start-up company because, if they are giving $50 per month, how are they going to profit from one of us? It is some sort of passive income, and it is also kind of fishy since they can't pay all the users since I am sure there are a lot of people globally signed up on that platform. In terms of Google, we can be sure that it is really in good hands, and their data protection is good, but if we are really into our privacy, aside from Google, let's just keep our privacy to ourselves.

Google is already tracking all the personal data and file manager if we have Google photos and they are making money by selling it to advertising companies but we in general trust the Google and feel we are in safer hands but the same kind of trust may not be expected in a start-up company so even for the pay it will take lot of time to get their customers and build the database required.

Finally a company that wants to give something back to the users which have been giving away all their personal information for free over the last 10 years. It's a good idea in my opinion and I would consider signing up there when going back to social media. I never used Instagram, TikTok or any other of the new social media companies. My Facebook account I closed down long time ago as I am against all the personal information that is being collected and sold without me knowing about it. I mean if a company gets the rights to all the pictures that are being posted online something is wrong in my opinion. There are some nice documentaries about the whole business model behind Facebook and how they are able to influence what people read online. For me these big companies have too much power and don’t even pay the people which they generate their money from. This is a good step forward as consumers should be made aware of how much money company can extract from our personal information. So if our data is being collected and sold to different companies at least pay us for it.

to expand on what your saying

that $50 is fiction
its the pretend total industry amount from data thats sold and resold
in short your data is worth 0.00000412 to and end company and 0.10 to a data scraper and 0.05 to you ..(should they 50% profit share)

here is how it plays out
a data scraper gets data, its sold brokers and to eventually millions of companies and if you add on those resells down main layers of broker traders and add up the volume..
then it appears as being $50 complete market volume for your data point

the thing is scrapers dont sell direct to companies. they sell to brokers where broker then resell to companies where by if a broker says they have 500 companies wanting said data
the scraper would charge
0.000212 per data point
which if the scraper has access to say 500 brokers
nets the scraper 0.1 per data point

however
once those 500 brokers have it they sell that data on.. the first scraper gets nothing for it. thus the customer gets nothing

data is only valued at such a rate for NEW data.
for instance names and emails of people have been cycled so much its only worth $0.000004  per name+email

however if there was a NEW data point no one has ever asked or stored. for instance. how many times a man [used a breath mint and deodorant and wears a clean shirt on a date with someone they met on tinder]..

that would be worth $0.000004 to tinder.. and some other dating apps and some deoderant and breath freshner companies each

but not worth a combined $50 to the scraper

$50, really! Surely not worth the risk. As I've lost far more than that in not going through KYC on platforms that are fairly trusted not to mention giving an unknown company the right to understudy me for $50 monthly.

It's a passive income alright and even in the event that they are legit, its just something I won't do. These guys aren't just understudying you but putting you out there for the public as well and who knows whom might gain interest in your activities, directly bringing you in harms way.
Also, you just might get phished on and you can hardly link it bak to them. Especially after the expiration of your contact with them and a malware has already by installed on your device.

In our today society, there is a greater level of safety by not being too exposed.

Truth be told, for average Joe who uses the same email for all of their platform/application usage, they are somewhat already has a personal vault of their own data. That is what Google and Meta have been doing, and many more companies who share consumer data.

The main target of this kind of startup, besides the mentioned tech early adopters and couponers as stated in the article, is the people who already do not give a single care about their own digital identity, and the people who are willing to sacrifice their own personal data for some bucks. The thing is, this kind of idea will give the users some "shares", which is might a good thing if they decide to do it and comprehended the awareness of their personal data belonging.

Yes, of course, monthly receipt of $ 50 can be considered passive income. 

At the same time, you need to understand that by receiving these 50 dollars a month, you provide very important information about yourself to strangers. 

Will there come a time when you will regret it?  Will there be a situation when this information (this data) will be used against you?

I am very wary of the idea of ​​providing my personal data to third parties.

$50 per month for allowing advertising companies to know your ride history? Thanks but no thanks!

That's totally dangerous when you're aware someone's monitoring where you're going and much worse that it's passed on to other advertising companies.

You'll never know if the people behind that knows your ride history or any important detail can be trusted or might sabotage you. Just a plain no although I'm aware that there's no way out on this through the apps we use today.