Summary
TLDR: The article discusses the value of data in the modern era and the emergence of information goods markets. It explores the impact of technological advancements on traditional markets and the rise of new industries, such as location firms. The article also delves into data markets controlled by governments and intelligence agencies, as well as the use of Bitcoin for data publishing and inscription. It introduces concepts like precursive inscriptions, ReQuest bounties, and Durabit for incentivizing data sharing and storage on the blockchain. Lastly, it touches on the importance of data privacy, security, and the cost of conspiracy in the digital age.
Key Points
1. Data is the most liquid commodity market in the world, with the smartphone era making everything quantifiable among the infinite spectrum of information goods markets.
2. The modern information goods market has led to innovations such as speculation on purchasing troves of user data, with new organizational architectures emerging in response to evolving technological conditions.
3. Bitcoin-native data markets are reshaping the fight for publishing, finding, and upholding data, with tools like ReQuest and Durabit creating novel information goods markets on the Bitcoin blockchain.