Topic: Passive Income? New Start-Up Would Pay you to Share Personal Data (Read 394 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.

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.

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.

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.

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.

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.


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.

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 .

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.

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.

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.

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.

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"

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.

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.

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.

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.

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.

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.

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.

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.

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.

in theory I could also provide this personal data but I don't use any of these services (amazon or airbnb)...
or I could always use them through another person (relative / friend) to maintain a certain degree of anonymity.
more or less there is duckduckgo or TOR to avoid any issue...

there are similar apps such as woolsocks created ad hoc to receive consumption information (that provide a small revenue like cashback or discounts). but in the end most of big companies manage to obtain commercial details through cookies.

Can't see anything wrong with this. At the end of the day you are gaining something passively. People are already getting their information used by a lot of companies, and those information are the same as this one, so what difference does it do if I sold these information to another company? At least this one asked for my consent, and is constantly paying me monthly with beer money so long as I keep providing the same information that they need.

With how our information is handled, I'd rather sell mine than give it away for free without me knowing how they obtain these and how they are using it.

Aren't we all sacrificing our privacy every single day we're on the internet? How many times have you browsed a website and then seen ads relevant to what you were searching for earlier? Advertisers are paying tremendous amounts of money to reach consumers, and we're willingly providing them with our personal information, free of charge. I'm not supporting the featured start-up company, but I'm mostly mentioning that it's something we already provide to huge corporations for free. Making a few bucks for something we already do doesn't sound too bad. However, I understand your concern that people would be willing to sell themselves for a few dollars.

Most companies will store user data and sell it to advertisers regardless of consumer consent. I suppose this is better than nothing but I'm concerned that most people would sacrifice their privacy for nothing at all. It makes these entities very powerful.


General rule of thumb is that if a product is free, then you are the product. Google and all of the social media platforms gladly store personal analytics and sell it to advertisers. The real question is who are the bidders? Give this data to predatory actors and then it becomes a large issue.

We're even using social media platforms that don't pay us for our data. The services are free, therefore, we're their product.

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.

I remember seeing something similar a few months ago, unless I'm mistaken. On the one hand, it's not a significant amount of money, but on the other hand, aren't huge companies like Google already using our personal data for advertising and other purposes, basically with our consent, without receiving a single penny from them? If you think of it that way, I don't see how it's bad to receive a small amount of money per month for data that we already provide to huge corporations for free. The ideal would be to have a way to avoid the oversharing of our personal data and digital footprint, but it's inevitable in this day and age.

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.    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).

It is a free world, people will do whatever will benefit them. It all depends on individual,  your data is your personal responsibility to protect and secure without sharing such information with other persons,  but some people because of one economic situation or the other may lead them to take certain decisions.
Personally I won't do that irrespective of the amount (hopefully the amount is not worth the risk) to be paid. O don't want my data falling into the wrong hands.

The world was safer before than today, google and those big giant companies came and they harbour scam and making privacy to be the thing of the past, this is where the world is graduating to, where no privacy again. I think they are making it more easier for scammers to illicit their work and no more privacy as many people will will go for money instead of their privacy and safety.

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?

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