In the preceding post I proposed that reframing personal data as interpersonal data is much more appropriate, more useful, more valuable. I also asserted that data is data — i.e. not like anything else. To support these points, this post explores and dismisses the dominant conceptualisation of personal data as property, and then reviews the less well-known data-as-labour framing.
The problem of the way we frame the opportunity and problem
Let's linger a while on markets and the fundamental components of money and property. I'm working on the supposition that cryptonetworking may be integral to a future interpersonal data architecture, and given that Bitcoin is the genesis of cryptonetworking, it's doubly instructive to reflect on money.
Money is attributed value, but value is far deeper and broader than the mere monetary sense — in the money can't buy you love sense for example. Nevertheless, our current civilization is monotheistic in its veneration of the market, and our first inclinations when grappling with any shiny new idea is to see if we can't quantify its value and subject it to the manipulations of Adam Smith's invisible hand. Despite quite substantial evidence to the contrary, our idolatry of this mechanism truly marks it out as a religion imho.
Sometimes free markets work best. Sometimes well-regulated markets work best. Sometimes, markets don't work best.