15 karma · joined January 15, 2012
And by hack, I mean a smart way of getting noticed, not a deceiving hack.
I think its simple. People are investing hoping that hype will continue and the next round will cash them out. With that in mind, when IPO hits, the people cash these types of business in and everyone loses once they find out that the company is still trying to find out a business model.
Is it just me who is hearing this.
Do you mean to say, it would be a bad idea to start with C coding?
Btw, I am not a technical person, hence the curiosity. Insights would be much appreciated.
In my opinion, it would have to take a data breach of the likes of katrina, tsunami 2004 and BP oil spill all within a few weeks for users to get hammered with the point that they should be more concerned about what is happening with their data.
Having said that, there will always be a small group who would be up in arms about the simple act of stealing whether a negative consequence follows or not. And kudos to them for they are doing a service to us all by keeping an eye on these companies.
The point that I am trying to get across is that the history of the web along with the time consuming nature of reading huge agreements has led to users entering into social contracts of trust with these companies. They could care less about how much you try to alert them. Companies can continue to take one action after another to alert the users of all that the things company will do and the user will merely see that has an obstacle to get to the app and therefore will simply accept/agree robotically and move on. Why?
Users behave in herd mentality, respond to only the most imminent of threats or fear of extremely dire potential consequences. If they see everyone else doing something they will do it too, even if that means you get them to agree to very stiff contracts. They will simply accept it as a way of life and move on.
When creating privacy policies, companies play this balancing act. What to constantly alert a user about, how many of them will actually care, we as a company know that all their data will be protected and not used criminally anyway?
Whatever path, facebook, twitter and others do with our data is irrelevant to most users so long as most of their trusted circles are doing it too. It just isn't a big issue for them as they maneuver around other pressing issues in their lives. Kudos to those few who have made it a big issue and have kept these companies at their toes. Their effort is worth commending and appreciating, and not mocking as has been done by others.
Other points that you are mentioning have more to do with user's willingness to take privacy seriously. Most don't take it seriously because a) it's tedious and time-consuming b) they probably don't understand it c) it is easier to trust the company like everyone else and get onto using the app and 4) ... as long as it does not include criminal, financial, health or their telephone records, everything is pretty much a go go for a user.
Users don't care about their privacy unless it has elements of the 4 categories stated above. Users hate hassle and they have pretty much resigned from the fight for privacy mainly because they have found that the benefit of sharing things with others outweighs the willingness to be clear of a trouble that rarely every shows up in their conscience anyway .... think about it ... when was the last time a major security breach occurred that compromised so many millions and devastated so many thousands that it has left a blip or a bad mark on users conscience.
We maybe very techi ... but average users are far more occupied with other concerns. So blind trust plays a strong role for them.
It seems like the wall-street investors have become the ultimate VC firm (willing to invest in unprofitable businesses) without realizing that actual VC firms invest in unprofitable businesses fairly early in the lifecycle which warrants their hopes for a turnaround and a potential payoff. But to invest in unprofitable company years after its founding seems ... well .... unfathomable, unless investors believe that the company will be able to do something it hasn't been able to do so far: make a decent profit. Would love to hear what you guys think.