by
Jaron Lanier
We're still analyzing Eric's model and the results it is generating, but a few things can already be said. One is that adding a cost to information does not blow up this type of model. Insurance companies do not go out of business. In fact, there appear to be states in "paid-for" information models in which insurance companies do well.
(on someone who came up with some economic models for this stuff while interning in his lab)
all he is saying here is that if you don't pay people so much for their data that you completely eat away at profit margins, the company can stay in business? is this not a tautology?
ofc he's probably assuming the cost of running/implementing this sort of system is negligible