Aka Conversation As Content. Since 2008, a place to think out loud about disruptive Social MULTI Media business models -- particularly within the context of high transactional V.I.T.A.L. (video, images, text, audio, links) communities such as Phreadz (creators of VITAL), Facebook, YouTube, et al -- that empower not just user generated content, but users *as* content; or perhaps less objectifying, "Conversation as Content." Call it the #CuratedWeb#CuratedCrowd or #CuratedStream; Life is but a Stream; WE are The Current. Content is King, WE are the New Content. To become perpetually sustainable, economic resource circulation models must adapt to proportionately circulate substantive, legal tender value amongst both participants and platforms that maintain and improve the vitality of the entire symbiotic environment.
"[Twitter] is in some ways the CNN of the Internet—the key difference being that it costs CNN an awful lot of money to produce its content, whereas Twitter gets it all for free from users." http://www.slate.com/blogs... ROTLFMAO. What, we content?
Because, maybe um, Users ARE The Content & Content is King? "Facebook to Pay Users $20 Million for Sharing Personal Data in Ads" http://mashable.com/2013... Why would you not just do this right from the get-go? Oh yeah, that. Nevermind.
Facebook is now making $460.82 off my data on the stock market according to https://fbme.disconnect.me/algorit... and I actively boycott! How much are they making off you? But whatever, #UAC was "insufficiently innovative" for Knight in 2008. ROTFLMAO yet again.
"If you hand your data to Facebook, companies pay Facebook -- not you -- for the use of it. They pay Facebook -- not you -- to run ads using your face. Facebook's users do not pay, so they are not its clients. They are its merchandise, to be sold to other businesses." http://www.spiegel.de/interna...
"It's a hell of a trick to get people to make content for you, while you make all the money." http://goo.gl/Hg5pj "MyCube believes that your "digital identity" - the collection of your online content, communications and interactions - is YOURS. Meaning yours to own, yours to control, and yours to share with others as you see fit." http://mycube.com
"Foursquare makes it so every venue in real life has point value & Facebook & Twitter turn everyday interactions into historical text; but every moment of play, is also a moment of WORK. Each additional review, each status update, and every Foursquare checkin is work. And because it's fun, there's no friction to contributing; but it's STILL WORK....
There is absolutely no reason why Facebook and Google should be able to sell your data and not compensate you for it. There is no reason why people cannot remain anonymous in their knowledge inventory up to the point of transaction. A dollar bill is used to store and exchange value - SO ARE YOU. Yet the dollar is anonymous.
"We are [The Google's] unpaid content-providers, in one way or another. We generate product for Google, our every search a minuscule contribution. Google is made of us, a sort of coral reef of human minds and their products." http://www.nytimes.com/2010... Gee, is that no less than William Gibson coming to the same...
Populating the Last Mile of Social Media
"All this stuff is happening today, all this value is being created, there just is no way to express it in an economic paradigm except through some increasingly irrelevant association with land, labor, and financial capital." -- @Dan Robles
"In fact, the whole Web 2.0 world is built on the actions of users. If you use Facebook, Digg, Twitter or any number of other social or Web 2.0 service, you know the value is created by the actions of users." -- Mike Elgan
So, where is the Jim Cantore sized paycheck for the citizen journalist who just generated 2,533,317+, four minute page views that WOULD NOT HAVE HAPPENED but for this content? http://www.youtube.com/watch... Please don't insult the group's intelligence claiming we can't measure the exact CPC/CPM of Ad Revenue realized by this content.
As The Great Ones have instructed us for decades, Attention is Currency: Solid as Hard Cash. Today, Dave Winer's finally spec'ing out the new Attention Economics as only he is able http://www.scripting.com/stories... UAC is, of course, just one business model that can mitigate economic and existential harm done to the specified "nobodies like us."
YouTube Direct http://www.youtube.com/watch... could aggressively push a 98% / 2% Contributor / Platform ad revenue split, enabling new ways of maximizing CASH VALUE throughput to Everyday People instead of again fleecing the flock. If Content is King, as it is, http://www.google.com/search... then where are your rightful riches, sire?
Anne P. Mitchell Young, Esq:"How do you feel about Facebook pimping YOU out to turn a buck? Summary: It's one of Facebook's dirty little secrets, even though it's been publicly available information for more than a year. Facebook takes information that you post, and sells it to advertisers ..."
Minds For Sale http://www.law.stanford.edu/calenda...
CodeX: Stanford Center for Computers and the Law presents Minds for Sale, a presentation by Jonathan Zittrain. A new range of projects is making the application of human brainpower as purchasable and fungible as additional server rackspace.