Passive Income? New Start-Up Would Pay you to Share Personal Data - page 2.

Cookdata

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Quote from: Davidvictorson on December 29, 2022, 03:11:21 PM

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

This reminds me of a time when Facebook paid people to keep an APP on their phone without doing anything with the app in return, they will pay you $30 every month at the end of the month, which may be more than the amount as it depends on your location, I believe New York (US) were highly paid during that period to keep the app running in the background and some people were using VPN to bypass the restriction from forbid countries and after few months, they ended the loyalty program.

There are two sides to the outcome of a paid tester, the company may receive inaccurate data from people because most restricted users would want to use that opportunity to earn as well, and anyone who agrees to receive a penny for their privacy to be used as a lab rat does not value himself/herself, you are being paid because they need something from you, otherwise, they would have used their family members. We should value privacy above money.

Ultegra134

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Quote from: The Sceptical Chymist on December 30, 2022, 03:24:30 AM

Quote from: Ultegra134 on December 29, 2022, 03:57:14 PM

I remember seeing something similar a few months ago, unless I'm mistaken.

Me, too. I read about it in a print magazine that had other articles on crypto, and though the service being offered was different (I think this company was paying for people's biometric data with crypto), it was basically the same type of operation--paying for your data outright instead of sneakily stealing it like big corporations do.

And yeah, I agree with others that people can do what they like, but this kind of thing basically preys on the ignorant and desperate and I don't like it at all. The more data companies and/or governments have on people, the worse off we are.

I think we're talking about the exact same application with biometrics.

Anyway, on the one hand, I find it saddening that people would be willing to sell their data for a few bucks, but on the other hand, I believe that we're already providing corporations with a huge amount of data for free. From a little research I did on their website, this start-up is capable of extracting data from apps like Netflix, Amazon, Spotify, etc., analyzing them, and providing you with insights depending on your preferences. So far, it sounds harmless enough; would I do it though? Probably not.

We'll see how it plays out; it's still in beta testing, and I expect to see more information in the near future.

teosanru

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Quote from: Davidvictorson on December 29, 2022, 03:11:21 PM

Quote

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

I think it's great, see anyways companies are going to take away your data even without your proper consent, so it's better if you can properly sign up for this and even get paid for it. I see this as an absolute win. I think this a good example of web 3.0. where the user is incentivized as well for giving.

goaldigger

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I want to earn passive income and just do not know what to do. In future I want to be a part of big influential things and also other such things that could be beneficial for me.

If you are willing to give out your personal information then you might want to try this, and earn some passive income.
Honestly, I don't have any trust anymore with my social accounts online because I know they are already giving out my information and selling it, this is why I'm receiving an ads even if its not my interest. Anyway, Facebook will pay a big penalty because of spreading the information of their users and that is the proof that those companies are really involve into this kind of scheme, they are selling our personal information.

stompix

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Quote from: mk4 on December 30, 2022, 02:59:29 AM

This is something I'd personally only do if I'm struggling and in dire need of money. I'd imagine most of their customers would be people in poorer countries.

How much you would pay for the spending habits of a guy who earns 200$ a month and only pays his bills and buys the cheapest food to support his family, somebody that doesn't eat at restaurants, hasn't set foot once in a cinema, and will need to work for 200 years straight to buy the cheapest car?
I think a lot of people exaggerate what their data is worth for those companies, look at what you're spending based on ads, think about what profit margin those guys have on a sale, and then decide how much they think you're worth.

Quote

For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month, Caden said.

Yeah right, and who is going to pay 100$ because as obviously, this company will take half of that money for their 'help" to find out that x goes from y to z?
This is just wishful thinking, the said company could just hand 25$ in gift card money to customers that link their google maps profile to their app and it will get more customers and info about them than from such a deal! If a guy is willing to sell his uber history for 50$ he will sell his google maps for 50$ for sure.

Swordsoffreedom

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At least Caden Inc, are intending to pay us when they collect our personal data, they are not as bad as Google or Facebook are doing to us. They silently mine all the user's data without reporting or paying the user a dime. I believe a lot of people are using social media, which seems appealing to them, as they are the ones who usually show off everything on social media, so it won't affect them much. As for me, I'm trying to protect myself from this crap, I used to have to change my phone numbers when giving them to real estate agents. And I don't think my personal data can be bought so cheaply Wink

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jaberwock

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Quote from: Lanatsa on December 29, 2022, 04:45:51 PM

Quote from: lionheart78 on December 29, 2022, 03:48:49 PM

Anything that can give us a continuous stream of income without doing a repetitive job is considered a passive income. People shares their moments on FB and other social media, so I do not think an issue for them to share some of their personal data that will generate income. It doesn't share your bank account and address anyway. Those FB users already exposed their identity so I think there is nothing to be concerned about the apps as long as it is legitimate.

I am talking about people who are very public on social media but I won't do it. Grin

I won't sell my privacy for a mere $50 a month besides, I can still provide my family with a decent lifestyle and I am not desperate at this moment to sell my privacy for a mere $50 a month (this won't even suffice for single person's 1month meal).

Wont really that ideal nor really that worth for 50 bucks a month even if its passive but its something that you cant just easily share up or giving access on what you do browse or something like that.

Even if we are living on a high-tech era where everything is almost exposed specially on socmed but there are things which arent really supposed to be share up.I cant just take off the risk
just for that amount but if we are talking with some 4 digit or 3 digit then i might be having some reconsideration but for 50 bucks then
it isnt really just worth.

Well, for you yes maybe because you are a high earner but for someone who earn low or don't have any job at all then they will grab this opportunity and usually those types of people doesn't really care about their data's or privacy if it will be exposed or not. They think 50 bucks per month from doing nothing is already decent.

I think this wasn't the first company to implement an idea like this but I already came across one before. I think it was swash if I am not mistaken but it only works in the browser of our pc and laptop as it was a browser extension. I even tried it before but the pay isn't that great although the pay isn't in a monthly basis but it can be earlier than that.

AicecreaME

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Quote from: Davidvictorson on December 29, 2022, 03:11:21 PM

Quote

The startup, Caden Inc., operates an app by the same name that helps users download their data from apps and services—whether that’s Amazon.com Inc. or Airbnb Inc. —into a personal “vault.” Users who consent to share that data for advertising purposes can earn a cut of the revenue that the app generates from it. They also can access personal analytics based on that data. The idea of giving consumers a cut of whatever brands might pay to reach them isn’t new, but it has been reinvigorated as outside companies have found it harder to harvest and share so-called third-party data. The digital ad industry has been seeking new sources of the consumer data that guides online marketing efforts as traditional tracking techniques have come under pressure. A new Apple policy last year requires apps to ask permission to track users, for example, permission that many people have declined to give.

Would you share personal your data to an ad company for a pay? The data will be used for advertising purposes where you can earn a cut of the revenue that the app generates from it. This data would include- what you buy or watch on your mobile device. For instance, a user could consent to sharing his ride-share history so advertisers could create segments of people who ride a certain amount. That would eventually pay consumers up to $50 a month. Can you do it? Could this be considered as a passive income?

News Source

I wouldn't even do this even if this is my last resort to earn money. Personal data is meant to be shared only if it is needed, but the other party of course is legit and know what's the law regarding about privacy in this matter. Don't share your data especially online just for some few bucks, because the consequences later might be more expensive than that, be wise.

xSkylarx

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So they are really doing this just to gather your data. $50 per month to remove your privacy; I'm sure many people will agree to this because they don't realize how dangerous and not good it is to be without privacy. I won't say yes or no with this since $50 per month is already huge to us and we are in need of money, but at the same time we need privacy. That is why we really won't be very vocal on social media because we want privacy.

The Sceptical Chymist

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Quote from: Ultegra134 on December 29, 2022, 03:57:14 PM

I remember seeing something similar a few months ago, unless I'm mistaken.

Me, too. I read about it in a print magazine that had other articles on crypto, and though the service being offered was different (I think this company was paying for people's biometric data with crypto), it was basically the same type of operation--paying for your data outright instead of sneakily stealing it like big corporations do.

And yeah, I agree with others that people can do what they like, but this kind of thing basically preys on the ignorant and desperate and I don't like it at all. The more data companies and/or governments have on people, the worse off we are.

franky1

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issues:
company helping you data scrape other services = they access your other accounts
company promising or asserting it will give you continual income
once company sells on your data.. its done, over, other companies have your data but not obligated to pay you while they can themselves sell the data on and on and on and on

passive income is when you set up a business you then just become a silent partner and jsut let the cheques roll in, or a royalty or a fee per use

this scheme is neither of those

its a give too much to them once, they may pay you low amount maybe twice then your name/personal details appears everywhere and resold a million times with you getting nothing

its been done to death many times before.
the only success is where people create 10 persona's for themselves a day. and sell them to these schemes where it becomes a full time job making fake"you" each day to sell

best advice. much like signature spammers on this forum create new accounts to make nonsense posts each day

create new persona's each day and sell them to the schemes advertising as selling data to make you profit... just dont give them your real info. that way you lose nothing but the time of creating "fake you's"

mk4

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This is something I'd personally only do if I'm struggling and in dire need of money. I'd imagine most of their customers would be people in poorer countries.

BigBos

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This might be interesting, it can add income every month by providing personal data, so what happens is every time we access the web or applications that are connected to the internet we will get advertisements from partnered applications or websites. On the other hand, it is profitable if you really get income, on the other hand, activities using cell phones will be monitored and of course, there is no privacy in terms of understanding. But here it will be dangerous if our personal data is leaked and used at will to do bad things because in fact personal data can be traded and even made into a crime.

Poker Player

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I don't know, the news is strange to me and I have tried to access it but in order to read it you have to be a subscriber, to have a paid subscription.

On the one hand, I think if it was something that intruded on my privacy, I wouldn't sell it for $50, but on the other hand, as paxmao and avikz comment, we are sharing data anyway.

I imagine that this company has an idea of monetizing that shared data that they don't have access to, because even if google has it that company does not.

bittraffic

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Quote from: avikz on December 29, 2022, 11:12:42 PM

We all are sharing our data anyway! Google and Facebook knows it all! They have built billion dollar enterprises based on our data. For example, If you have ever used Facebook advertisement, you will be amazed to see the depth of targetting you can do. That's all based on our data which we are giving away for free of cost. So if we can make some extra bucks out of our data, why not! Especially when we are not involved with any illegal activities, there's no risk as well.

That's true. It's why you should just monetize it as well. The negative side however is yet to come.

This revenue sharing from the app they make is not a new idea anymore there had been many crypto projects attempting like with thier browsers like Brave Browser (BAT). Besides collecting your browsing and buying habits, they also ask for KYC like it's not enough. Sooner these guys may ask for thier Security ID.

avikz

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We all are sharing our data anyway! Google and Facebook knows it all! They have built billion dollar enterprises based on our data. For example, If you have ever used Facebook advertisement, you will be amazed to see the depth of targetting you can do. That's all based on our data which we are giving away for free of cost. So if we can make some extra bucks out of our data, why not! Especially when we are not involved with any illegal activities, there's no risk as well.

paxmao

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We are anyway sharing the data for free, so I guess sharing it for profit is conceptually ok. However, the personal data of most individuals is simply useless or not worth more than a few cents. There is no way you will make passive income worth you while by selling just your personal data, unless you happen to be an influencer, very rich or somehow worth more attention than the average Joe.

jackg

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Far to many people click i agree to cookies for this to be something too achievable. I'd like the idea of being able to list a few things I'm interested in (when I'm interested in them) to receive ads tailored to that (and also monetary compensation or a discount on the products). A lot of ai and big data can still miss that, they're trained on averages, they might be successful for the highest amount they can be now but I think they could be improved - especially since some recommender algorithms can recommend things people would have no interest in because they've had no interest in soentbibg else iirc.

Hydrogen

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I think the average payout for information sharing apps would be far less than $50. From a financial and monetary perspective, it will not be worth participating in for most.

Back in the AOL internet era, there were browser tracking apps that paid out $100 per week or month (I don't remember which it was) for the same type of info.

uneng

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Isn't intelligence service of USA doing this since a long time ago without paying us anything, as Edward Snowden revealed? Well, I see no problem in earning 50$ extra bucks every month for something that is already happening behind the curtains. I think we don't have a choice, anyway. Even if you don't give your consent, it doesn't prevent you from being watched. It's happening all the time on the internet as you surf websites and watch videos. But if none of these intrusions existed and if we really had an alternative, I would prefer to not earn anything and to not be monitored.

Topic: Passive Income? New Start-Up Would Pay you to Share Personal Data - page 2. (Read 579 times)