Bitcoin and the Future of User Monetizable Data

big_data_analytics_thinkstock_470971869-100439197-primary.idgeWeb searches, page visits, online purchases, tweets, SMS messages, emails, phone calls, photos, videos, GPS coordinates – this is the data that makes up our digital lives.

For the past decade consumers have sacrificed their privacy, building giant banks of data for companies without any upside exposure to the value that they have created. Thanks to the Bitcoin Protocol and the 21 Bitcoin Computer this no longer has to be the case.

Billions of photos are shared every day by hundreds of millions of people using smartphones. Between the rapid development of high quality camera phones and the decreased cost for cloud storage, sharing photos from all around the world has become effectively free.

Building a library of stock photos once required an army of photographers working around the globe; now this naturally occurs over social networks such as Instagram.

Source: Bitcoin Magazine

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