Data Bank or Data Pimp: choosing the future of social media repositories

The Key Bank Vault door or http://www.flickr.com/photos/cambodia4kidsorg/2274922356/?

Are social media sites data banks, secure repositories of personal assets, or data pimps, soliciting intimate exposure for profit?

I think these services need to choose.  I notice that the setting for who can see what in various systems is in flux.  I can set something to private today and may have to reset it keep it private later.

When I upload content to a site, shouldn’t the expectation be that the deposit is governed by the terms at the time of the contribution?  Why should terms change after I upload?  At least, shouldn’t new rules apply only to new content or content explicitly that has had permissions altered.

Banks do lend out the money I provide them, but only in an anonymous way.  No one knows my dollars are in their mortgage or car loan.  Only legally authorized entities can see my banking records (or so I hope).

Data pimps seem to want to give away anything I give up.  They sell my data as quickly and for as much as possible.

Banks have now developed a reputation that does not make them a great contrast for data pimps, but they still try to represent values like security, confidentiality, and reliability.

I have personally assumed that all data I upload is public.  Only my pictures of my kids have been made “private” and I would not be surprised if those pictures ultimately become public.

Photo credit: cambodia4kidsorg

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