BSV supporters heavily promote the blockchain’s ability to let people “own their data”. It’s never been entirely clear how that works, but a groundbreaking new approach where users pay money to upload their data to the public blockchain that anyone can see for free is being touted.
Before this new approach, users had to pay a small fee to upload data to the public chain. Now however, users pay a small fee to upload data to the public chain and are reminded by conference speakers and marketers that they own it.
In stark contrast to traditional tech models, users no longer give their data away freely to corporations. They now pay to give it away to everyone. Supporters say the solution frees data and moves the cost onto the user, which is a huge win.
Authored by one of our vast army of TST guest contributors.