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The Myth of "Own Your Data"

What does it mean to own something?

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In Bitcoin, people like to talk about the idea of "owning your data".

Strangely, many seem to think "own your data" only means being able to monetize it. Sure, monetizing is one thing you can do when you own things, but that's just a small part of what it means to own things.

Let's think about a coffee maker. Do you own a coffee maker so you can monetize it? Not unless you're a coffee shop owner. The main reason you own a coffee maker is to make coffee for yourself.

Do you own a toothbrush so you can monetize it? Do you own a pencil so you can monetize it? Do kids own their Teddy bears because they want to sell them off? Do you own your phone contact list so you can monetize it? Do you take and own family photos so you can sell them to strangers?

People own things because they value them and want to use them.

Stop and look around. Try to find anything you own with the intent of monetizing.

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emily tipped:
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musiq tipped:
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dru tipped:
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Property is a need for humans and civilisation. Hence the defense of property rights.
Something missing from this picture. Humans.
Powpress is interesting...
emily tipped:
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1 month ago
This thinking is too limited Could you monetize your toothbrush? Yes! Every interaction with products is information. All information has value to someone. Monetization will happen. You will opt in to it.
musiq replied:
He says "Sure, monetizing is one thing you can do when you own things, but that's just a small part of what it means to own things." So he's not saying you can't monetize, he's saying monetization is just a small part and you can do way more.
fullcycle replied:
Again, too limited. Not a small part. Monetization is key. To many things.
musiq replied:
You're the one who's thinking too limited. Go read the comment from@shadders below. How can "owning means monetization and more" be more "limited" than "owning primarily means monetization"?
emily tipped:
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1 month ago
adonsats replied:
at the end who is too limited ?
fullcycle replied:
You are boxing monetization underneath ownership. Monetization is not limited to the things that you own. Monetize interactions and experiences. Even the interaction with your toothbrush. All the examples discussed in the article can be monetized. You do not need to sell Teddy to monetize it. All examples given are too limited.
musiq replied:
"You are boxing monetization underneath ownership. Monetization is not limited to the things that you own." Dude what are you talking about? Nobody boxed monetization under ownership. It's actually talking about the opposite and saying people shouldn't try to box ownership under monetization. The funny part is, I agree with you and the article is also agreeing with you, yet you are just attacking for the sake of attacking. Can't you see the article doesn't disagree with you?
fullcycle replied:
No one is attacking. Unwriter asks if you own your toothbrush in order to monetize it. My answer is yes. Many will answer no. That is the limitation in people's thinking that I need to help them overcome.
adonsats replied:
good argument.
fullcycle replied:
A goal for bitcoin is for every device on the planet to understand the bitcoin protocol. Bitcoin ubiquity A toothbrush is a device.
adonsats replied:
ok.
Unwriter is my favorite superhero. This is fantastic.
To own something as an individual, is to have sole rights over it, be it an object, land or data.
glauce replied:
(This page is beautiful)
Fully respect@powping’s fresh take on data. Think the more we all experiment the stronger our community. Criticisms are natural especially when competition, ego, and money are involved. Could even be considered as healthy. Ultimately the marketplace will decide. BSV is a tool which can be used many ways: Simple payments Payments w encoded/algorithmic restrictions Micropayments Investment Data storage. Time-stamping My own apps use varying aspects of BSV— is there a wrong way to do it? Seems any app using BItCoin is an improvement vs internet. Have my own strong opinions on onChain data and open to critique from community. Please leave critical comments in the Medium comments here: L: https://sym.re/oavobE IMO developers should pick and choose which aspects they need for their customers/users. Question for@unwriter : Tipped posts get posted onChain? If so, is it? OP_0/RETURN ? PUSHDATA? Is the data hashed onChain with the actual item saved offChain? Apologize if this was asked and answered before. Really like the open dialogue on@realpowping — so much better than reddit or Telegram.
benjamin tipped:
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1 month ago
benjamin replied:
John - thanks for linking to your article. I enjoyed it very much.
if I own money it may also be that I want to lend it to someone else or do good or harm when I feel like it. may be I just want to show people that I own it, be the only one to own it...forever.
powpress 🧐 ? do you want to monetize powpress ?
Perfect layout.
jonathanaird tipped:
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1 month ago
aquamane replied:
I love it too. One thing, though: I think the comment button is too easy to hit on accident, especially when there is a lot of text. The space to the right and left of the text box are identically-styled, but the entire right hand side is a button, and that’s not visually obvious. I accidentally just tapped to the right of the text box to clear my keyboard .. and oops, submitted a comment prematurely!
sandysmoothie tipped:
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1 month ago
Good insight sir
Ownership to me implies control of a thing. Which, more specifically resolves to the power choose the conditions under which others might be able to use the thing. Owning a property allows you deny access to it to others. Or to allow access to certain people. By implication no one else's use of the thing can interfere with your own free and unfettered use of the thing since you can prevent their use of it at any time.
unwriter tipped:
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aquamane tipped:
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derekm replied:
I want to own things so I can get maximum reach and maximum impact with those things, not so I can constrain myself to a tiny echo chamber that gets off on paying me to find out if I agree with them. An open platform like Bitcoin is so much more powerful that block lists or troll tolls. (Modern research shows the length of block lists predicts the severity of personality disorder.)
musiq tipped:
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jas tipped:
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musiq replied:
Well said.
adonsats replied:
like a patent...
aquamane replied:
Block/Allow - same coin, different side. Does ownership necessarily preclude public access? Does it make sense to own something that’s ‘public‘? Should public access preclude ownership rights? How can you control ‘the thing’ once everyone has it? Presumably, if monetizing _is_ your desire, you of course want maximum exposure, but also maximum possible control, right? Because presumably you’d want to prevent others from stealing and monetizing your idea. Where does common culture fit in? How is this conversation dissimilar from that of DRM on physical CD medium, and of Copyright + IP theft in general? Layers of abstraction where we now have fuzzy boundaries and situational application of rules will become abstracted. Will ‘Reader’ apps need to be re-written to respect ACL’s? Think of choose-your-own-adventure literature, fan-fiction, even writing publicly-discoverable alternate endings to existing works! If you want to monetize video, you might serve frames-at-a-time or by the batch or minute; charge differently for fast or slow up/down links, etc. But if you can simply ‘record it’ via analog and re-monetize it as your own, can that ecosystem flourish properly? ‘Tokenization’ of ‘the real world‘ is not simply a matter of printing a QR code and slapping on a product. That only solves one part of the equation. Much of the existing monetized world of products is very linear wrt costs and resources; once a seller gets paid, they wash their hands of it. Once the product is squeezed out of the factory, it’s no longer the manufacturers responsibility to deal with the waste, but no singular individual is empowered to actually solve the problem of production waste and ultimately pollution. That’s just one example of straight-line production, but there are many more, and that model is in a way antithetical to an absolutely holistic and self-contained economic system like BitCoin.
Almost fooled me into thinking somehow I got redirected to Medium ...
people create things to monetize them
emily replied:
You don't make food for your family to monetize, yeah? If you decided to be negative, you will never be able to get real meanings. I'm a simple person and no problem with understanding what he says.
glauce tipped:
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1 month ago
slb replied:
Think how Jeff Bezos created private chats with a woman to monetize them.
fullcycle replied:
Every thing in this picture exists because someone decided to monetize them.
not logged in replied:
i agree ownership is about control, and it should be the choice of the owner. you could do all the things plus monetize without actually owning something by way of licensing.
fullcycle replied:
Exactly. You can interact with something that you do not own. You own the interaction. Tried to tip you but was getting an error.
adonsats replied:
try again with more money
👍
unwriter tipped:
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