> In the 1970’s, Herbert Simon pointed out that when information becomes abundant, attention becomes the scarce resource. Attention is scarce, but what makes it valuable?
Attention is still being consumed.
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> In the 1970’s, Herbert Simon pointed out that when information becomes abundant, attention becomes the scarce resource. Attention is scarce, but what makes it valuable?
Attention is still being consumed.
Earlier quoted context omitted.
Products should compete on their cost vs value for the customer, not on which is better known. Yes, advertisements make customers aware of a particular category of product but by pushing one specific brand instead of the whole category. I would OK with advertisements which push the whole category, that is positive-sum. But currently we have an arms race where you have to invest in ads to compete with other products o…
>I would OK with advertisements which push the whole category, that is positive-sum. This doesn't get rid of people buying what is most well known. In fact without the possibility of being exposed to more niche options people will just go with the incumbents. Advertising allows new competitors in a space to be able to acquire customers based off their value for customers instead of being a wellknown thing.
Ads mean the brand with more money wins. It is completely orthogonal to value/cost.
You can in theory get investors to fund ads for a new brand but it just increases the upfront cost. Organic growth is no longer possible. And who benefits most are the already rich.
People block ads and/or not pay for content because they can. Simply because it's possible. People have been conditioned to consider any and all digital content to be worth zero. Yet continue to consume it for hours on end every day. When not paying at all is an option people will reliably pick that option. They'll even go into extremes to avoid paying. I know somebody that plays a particular mobile game about an hou…
On the user end:
- People click scam download buttons or fake links and are blasted with scams or malware.
- Nobody I know has ever, not once, purchased something from an ad and been happy with it. The one person I know who did purchase something from a Facebook ad got scammed.
- The actual content people want to watch is delayed or interrupted by constant nonsense that they will never engage with.
So already there is absolutely no incentive as an end user to want ads. Then over on the content creator end:
- Because they work through clicks, ads generate a ton of bad incentives to make divisive content or just otherwise harmful content. See Elsagate for one way this manifests.
- For honest creators who make genuinely good and creative works, ads harm them by consistently underpaying them. Only the very absolute peak of content creators make a livable wage from ads alone. See the rise of Patreon and other such subscription methods that they have had to rely on to get away from ad revenue dependency.
- Ads also harm honest creators by incentivizing bad actors to steal their work, either by direct reuploads on various platforms or by simple plagiarism. See any Facebook page for stolen content or the whole James Somerton expose that happened a couple years ago for the plagiarism bit.
People block ads and/or not pay for content because they can. Simply because it's possible. People have been conditioned to consider any and all digital content to be worth zero. Yet continue to consume it for hours on end every day. When not paying at all is an option people will reliably pick that option. They'll even go into extremes to avoid paying. I know somebody that plays a particular mobile game about an hou…
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It produces a lot of value when products are actually used as opposed to unused
It's easy to find plenty of counterexamples: cigarettes, Teflon pans, soda, cheap children's clothing with elevated lead, etc. And that's before we get into crypto scams, MLM schemes, etc.
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It produces a lot of value when products are actually used as opposed to unused
No, it produces money, not value, and not for society but for the company which spends on advertising instead of spending on improving the product. Meanwhile this forces other brands in the same category to also spend on advertising even if they have a better product, thus increasing the cost.
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It's easy to find plenty of counterexamples: cigarettes, Teflon pans, soda, cheap children's clothing with elevated lead, etc. And that's before we get into crypto scams, MLM schemes, etc.
Sure, bad products are bad. So shouldn't promoting good products be good?
Like in this thread you have people asking what about retailers that take money for product placement, or how will people find products without ads? It's apparently inconceivable that retailers spotlight actual high quality products that they believe in and they do some industry research into what they should carry and actually stand by what they're selling instead of treating their customers like suckers to be sold.
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Its a neat and rational way of looking at things but does it always make sense to give your time a monetary value?
Also, when I'm.. ehm.. accidentally reading blogspam in my spare time, who's reimbursing me? And if I'm actually reading instead of working, isn't the time I spend more of a debt than a declaration that I want to donate as much money as I wasted by not working for X minutes? Employers haven't paid me for spending a lot of time with them so far. But let's stick with the argument and claim that our time is worth the ho…
I also never said anything about equality or that an engineer or a scientists time is necessarily worth the same as other occupations. I was pointing to a very large disparity (paying a very small amount for content that one clearly values, if they value their time). You can put whatever numbers you want in my original comment and my point would stand.
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How much do you value your time? A lot of people think like this and I'm not judging you or saying this applies to you. But I find it kind of odd when people I know who earn hundreds to thousands of dollars an hour won't pay even $0.10 for something that took them say 15 minutes to read. If their own time is worth $200 / hr, they thought it was valuable enough to use up $50 of their time. If they refuse to pay anythi…
Not quite. Generally "content" from people trying to monetize their writing online (or who describe it as such) is not worth the time spent reading it, so in fact you're already in the hole before being asked to compensate them somehow. That I read/watched the stuff at all is often more a reflection of poor time management on my part than some high value of theirs (the OP essay mentions a similar point, and it's capt…
There is a prevailing attitude amongst some that they aren't willing to pay for any info - and they hold that as basically some sort of weird sacred belief. I think those people, even if they came across the best piece of content ever written, would be unwilling to pay 10c for it (pre or post). I'm just saying I find that odd.
It isn't just okay but mandatory! 2015, 10 years later things got so much worse, only know some minority are realising all the problems behind an AD. With the rise of privacy being breached by American companies and now AI, the way we deal with technology should change altogether. Basics first, if you only use your PC to access the internet, YouTube, office/excel(LibreOffice) and alike, Mint Cinnamon Linux to replace…
I has gotten better security-wise at least, malicious ads can't infect your OS anymore just by being loaded. The browser sandbox is much more secure these days.
The way how the permissions work on Linux prevents that from happening unless an user did an user thing.
With Windows, all you need to get malicious crappy is to use Windows. When the system itself is collecting sensitive information aka Microsoft Recall.
You cannot access the internet, have VIRTUALLY no problems with virus AND have privacy while using Windows. That is like saying you have an umbrella with a EF5 tornado passing by.