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by Splines
3872 days ago
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> Right now the global perception of trust is declining in nearly every major institution, and in the eyes of many who do not live in code, Silicon Valley is just one more group of rich elites I'd argue that people who are not intimately familiar with the tech world see the tech as just a set of products that does things for them, with the additional filter of the mainstream media and their friends/family on top of it. Most people don't know what kind of data is being gathered about them, and they don't care about the implications of that data. To be fair, it is a difficult thing to conceptualize and quantify. Facebook provides a great service to connect with friends and family. The question is - what's the price? |
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I am familiar with the tech world and I keep asking myself this question too. From what I see now, all the data that Facebook collects can hurt me in two ways: more insidious ads, and when used by a superhuman-level AI to infer pretty much anything about me. The AI doesn't seem on the horizon, and the ads don't seem to be that harmful, they're only annoying. There's of course an angle of a dystopian totalitarian government, but in that case we're all screwed anyway; data collected by Facebook or Google will make little difference.
Then there's an insurance angle, but here I have mixed feelings - it seems to me that it's better for an insurer to know more (I for one would like car insurance companies to have real-time centimeter precision location data about every driver, that could restore some sanity on the roads), but not too much. I don't know where I stand on this yet.
Anyway; the way I see it, this whole data-selling business model works mostly because advertisers are stupid enough (or rather, in so tight a competition) to pay for data that won't give them much edge anyway. In a way, it's not users that are the victims here, it's the advertisers.