1 min readMar 17, 2020
Thanks for explaining the underlying rationale for Ocean. It does raise many many questions I think, such as:
- Given that data is anti-rivalrous, why would we want to introduce artificial scarcity in order for it to be subject to the pricing mechanism?
- Is data property, or can we rely less on old paradigms and bring new ones to the party?
- Instead of celebrating intellectual property for its role in “protecting one’s inventions”, what if we could create mutual value through the liberation rather than “protection” of ideas?
I have also responded to the RadicalxChange community (that has formed around the Radical Markets book) on this topic on behalf of the AKASHA Foundation, and also reference Adam Smith. It concludes:
Markets don’t transform personal data so much as interpersonal data transform markets.
Love to jump on a call to discuss some time that suits you Trent.