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One of the many announcements at Facebook's f8 conference today included an expansion of the Facebook Credits program, the social network's official virtual currency. Expansion of the Credits program could have a huge impact on how and how much revenue Facebook applications will generate. Already in beta testing with over 100 applications, Facebook CEO Mark Zuckerberg announced that Credits would soon role out to the whole network. Credits allows users to purchase virtual currency through Facebook that can be used to purchase virtual goods across multiple applications. Sponsor Credits are meant to simplify online transactions by allowing users to use just one source of currency, rather than having to enter separate bank or credit card information for every purchase. According to Deb Liu, product marketing manager for Credits, users can currently purchase credits for use in Facebook applications with credit cards, special offers, mobile phones and Paypal, and Facebook plans to add "100 or 200" local payment options worldwide. Liu also introduced the App2user Credits program, promotions that will allow users to earn Facebook credit without paying with their credit cards. The App2user program is designed to enable merchants ways to convert reward points into Facebook Credits. Facebook may seed new and inactive users with credits in order to incentivize their use, and they hope that this will "grease the system," introducing more users with more Credits into the system. While some developers have grumbled at the 30% cut that Facebook takes from Credits, they soon may have little choice. However, the move to a single virtual currency for the entire Facebook network will mean more revenue overall as users find transactions easier to make. When Facebook released their revenue figures in February , the Credits program accounted less than 2% of revenue - only $10 million out of $700 million. The consolidation of virtual transactions on Facebook into one currency means that these figures are likely to change substantially. Liu said today that there were around 800 million unique social gaming experiences on Facebook each month. Clearly there is potential for phenomenal growth in virtual currency - for developers and for Facebook - lies with users who are willing to pay for virtual goods to help them in their social gaming. But according to Zuckerberg, Facebook is not doing this to generate revenue, but "for the developers." Discuss
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Facebook Consolidates Its Virtual Currency with Facebook Credits
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We've entered an era where the cost of sensors, processors and transmitters are so low that it's fast becoming cost effective to put them inside everything, even the clothes we wear. Even our own toothbrush may soon sense and communicate socially about where it is and how it's being used in space and time. Sci-fi writer Bruce Sterling has coined the term " spime ", to describe objects that can be "tracked through space and time throughout the lifetime of the object." David Orban, the creator of the iPhone app WideNoise , also offers WideSpime , which helps developers build mass data collection services for real-time data management in a way that maintains the autonomy of both the data and the object generating the data. Sponsor In our most recent Internet of Things post Objects Aren't Social , Orban comments that objects " ...are going to form their own independent social networks, which are going to be fundamentally incompatible with human communication." These new machine networks will be so redundant and reliable that we will be freed from most of our machine-operating duties. We will get to be human again. We will soon see cars that don't rear end each other because onboard sensors won't allow it. Or how about a vacuum cleaner that knows about a mess your cat made and cleans it up before you even notice your machine-network's admin message about it. Also, consider an Internet of Things home that tracks your habits so well it knows which rooms to heat and light because it knows what you'll be doing on that particular day. Orban's dream is that thousands of years of human subservience to machines will end because we will teach our machines how to not only take care of themselves, but how to take care of us as well. But what if someone wanted to manipulate these systems for an unethical advantage? Or even worse, what if these manipulations were built into these new machine networks at the earliest stages? On Sunday night, ReadWriteWeb reported on a presentation by Tim O'Rielly regarding the future Internet of Things. In his presentation he said, "You see increasingly the giants of the Internet are trading for their own account - they are building a platform in which all roads lead back to themselves. Now there is a contervailing force for openess, but we have to wary, we have to be aware of that; we have to work for openess in that web." That's why Orban stresses the importance of autonomous machine networks, which are built on open-sourced standards. Another open-source Internet of Things project we're excited about is Pachube ( pronounced patch-bay ). What WideSpime and Pachube share in common are real-time global maps, which present data generation in a fair and open way. Because these projects aspire to a high level of transparency and user adaptability, we may have a chance to achieve Orban's dream of all us machine operators getting a chance to be human again. Free To be Human Video Free To be Human PowerPoint David Orban - Free to be human View more presentations from Mobile Monday Amsterdam . Discuss
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Internet of Things Can Make Us Human Again
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"My background is in Artificial Intelligence and my last business was building predictive data. Most of our customers were oil companies, and you can hold that against me if you like. But my pitch back then was 'just give me enough data, I'll figure out something.' And often enough I did figure out something." That's how Houston-based 80Legs CEO Shion Deysarkar describes his background. Tonight his web-crawling-as-a-service company will put up for sale tens of millions of data points extracted from public social networks and other websites. He says it's only a matter of time until everyone's doing it and he wants to be one of the good guys. "You can figure something out from just about anything," he says. That's the kind of geek Shion Deysarkar is. Sponsor Starting at $350 per month, 80Legs customers can now purchase 10 to 20 million monthly user profiles from LinkedIn, MySpace and some other social networks. Facebook and Twitter are not included, but there are a variety of other data sets from places like retail websites available as well. I've bet Deysarkar a beer that LinkedIn isn't going to put up with this, but he says 80Legs has been crawling them extensively for quite a while and would have stopped them if they wanted to. We'll see. 80Legs launched at DEMO last fall and has been on our radar since last Spring. Its core product is crawling the web for a small fee - to index whatever its customers want. As Sarah Perez wrote in September : What 80Legs does is no easy feat. It provides its users a service which offers up 50,000 computers which can crawl up to 2 billion web pages per day. Yes, it's like having your own little search engine that you can rent for a small fee. How small? 80Legs is about 50% less expensive than any other competitive service out there. Tonight it's putting up for sale some pre-configured crawls, in hopes to reach a new market of people for whom the core service is too complicated. Either way, Shion Deysarkar may be a man from the future. We're watching closely the slow opening of aggregate social network user data for bulk analaysis and innovation. It's a hotly contested area. Here's what Deysarkar thinks about four of the biggest questions in this area today. On The Slap-Down of Nice Facebook Data Harvesters Academic and innovation-minded researchers are harvesting large quantities of public Facebook user profile data, only to be threatened by Facebook's legal department. Pete Warden is the best known example and one that Deysarkar called "a shame." The people using that data are not doing anything that's shady or wrong. They are trying to make new value on top of that data. In ways that Facebook or whoever is not doing. Facebook is in the business of bringing people to their site, they aren't leveraging that data for other things, and there is many things they'll never use data for. No harm is being done to Facebook. What would help them would be to become a data standard. As long as people are adding value then it's good. On Users Approving of Data Aggregation Say "aggregate user data analysis" and most people freak out - presuming it's a screaming privacy violation. Might that ever change? Deysarkar thinks so, perhaps too optimistically. "Going forward, the end user will hopefully understand that people are creating services that will benefit them. If I take a couple of actions and I see it benefits me that's hopeful. The challenge is that people have to understand that it came from aggregation. The more people that are making a case and building things around it, the better. "If you look at social networking, quite often connections are made in unintuitive ways. Obviously market researchers can take advantage of that, but it can also help people connect with that we couldn't otherwise. "At the end of the day, it's going to happen. Sites are going to fight it, but that data is going to become available. Wherever there is value to be had, people are going to go for that value." On the Black Market for Social Networking Data One of our arguements has been that Facebook and other networks should open up access to their public user data for aggregate analysis because the bad guys who want to do bad things with it already are, through the black market . Meanwhile, positive uses of data analysis are prohibited. Deysarkar confirms again that the black market is real. "Companies should want to work with us because we're above board. The black market definitely exists. We have heard about it from some of our potential customers, who have asked about things we wouldn't do. They just say, 'we can get it through other ways.' Things like wanting a crawler to log-in and get private data. It's too bad that exists." On the Still Infant Market for Good User Data 80Legs is cool. It's a crawler-as-a-service. Pete Warden, one of our Big Data favorites, uses and endorses it. But it's also a little complicated, especially because it's like selling potential . It sells data that you then have to derive value from, it doesn't deliver value directly in ways people are familiar with. The Economist's Special Report on Big Data last month argued that data was a key new form of economic input, on par with land, labor and capital. Deysarkar says he agrees with that, "it is definitely a unit of value," but also admits that too few people get it yet. "We do have customers who are using 80legs the way we intended, we have a decent set of customers. But we know that there is a whole other set of customers who are intimidated because it is a bit technical now. These pre-configured crawls we're now selling still fit into the big picture, but the whole data market is not well defined. There isn't a rich enough ecosystem of companies using the data, that's the market we'd like to serve, but it's still being formed right now." What do you think? Is 80Legs just a little ahead of its time? A lot? Totally crazy and wrong? We would love for you to share your thoughts on these matters in comments below. Discuss
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Thoughts From the Man Who Would Sell The World, Nicely
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I first began writing regularly about the Internet of Things about a year ago. Now it's bubbling up in the mainstream press and we're also beginning to see web apps that are attempting to reach, if not quite a mainstream audience yet, then certainly the iPhone and Android-toting geek community. We've moved beyond the cutesy Internet-connected bunny rabbits and we're now onto barcodes to stick on everyday objects . A new web service called tales of things just launched, which aims to attach stories to objects. It follows on from a similar service that got a good amount of press at SXSW this year, StickyBits . Both services want to get people to 'tag' real world objects, by sticking barcodes onto them and adding information about the object onto the Web (often via mobile phone). The idea is that this will make the objects 'social.' However, I think this is doomed to fail and here's why... Sponsor Tales of things asks on its homepage: "Wouldn't it be great to link any object directly to a 'video memory' or an article of text describing its history or background? Tales of Things allows just that with a quick and easy way to link any media to any object via small printable tags known as QR codes." Both Tales of Things and StickyBits are going to struggle to get mainstream adoption. And it's not because people just won't stick barcodes onto objects - although that is a short-term pain point that both of these companies will likely fail to overcome. No, they won't get mainstream adoption simply because the Internet of Things isn't going to be just another social network platform . What's unique about the Internet of Things is that it adds a huge amount of new data to the Web and allows real-world objects to become part of the cloud network. For example, sensors on a busy road communicate with your car to tell you of impending heavy traffic. Or when you walk into a shop, the store messages your phone to tell you that an item you've been looking for is in stock and on special. I met StickyBits founder Seth Goldstein at SXSW and he told me that his company aims to create a "social object network." Trouble is, I just don't think that Internet-connected everyday objects have much social value. Say I tag a book that I bought and attach the following 'memory' to it: "I read this book in the summer of 2010, it was a great read. I'd give it a 4/5." Even if I wrote a much more in-depth review, what value does that have on a single object? If I uploaded that review to Amazon.com, then it's put into context and gets aggregated with other reviews to form ratings and other 'wisdom of the crowd' intelligence. But on the object itself - my copy of the book - the review has limited value. If a friend of mine happened to scan my book with their phone, they'd see my review...and then probably head straight to Amazon.com to see what other people thought. Or perhaps check out what their own social network thought, via an app like Glue (a social network based on the media you consume - see our most recent review ). Objects aren't social, they never were and they never will be. The real value of Internet-connected objects is that they can become part of the network, which means they can connect to one another and they add more data to the giant computer we call The Cloud. But social networks aren't going to form around single objects, other than perhaps public ones - like the Eiffel Tower, for example. But then you are just talking about a location, which the likes of FourSquare and BrightKite can take care of. The Internet of Things is about utility, not social networking. Neither Tales of Things nor StickyBits offers much in the way of utility, that we can't already get from sites like Amazon.com or existing social networks. Let me know if you agree, or not! Discuss
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Op-Ed: Objects Aren't Social
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YouTube has launched a new feature that allows channel owners to send text messages and links to videos to the front page of their subscribers' YouTube accounts. It's a cool, if logical, feature to offer and one that could make visiting YouTube a lot more fun. Called Channel Bulletins, the feature is pretty simple. But am I looking forward to seeing little updates sent out between videos from the people I'm subscribed to? Yes, I am. Sponsor It would be nice if YouTube allowed channel owners to pipe in RSS feeds, maybe Twitter messages. The personal touch should be nice too, though. If you aren't subscribed to any channels on YouTube, you're missing out on one of the best ways to experience the site. I'm subscribed to Steve Gillmor , Breaking the News , Social Data Revolution and Brown Man Thinking Hard , among others. (Would love to get your suggestions for video channels to subscribe to, RWW readers.) Blippy co-founder Phil Kaplan brought this feature to our attention and framed it as YouTube's version of Twitter. It may play out that way for hard-core YouTube users, but I hope more casual publishers will regularly send out bulletins as well. I wouldn't mind getting them as emails, even. It would be nice for subscribers to be able to reply easily to Channel Bulletins, too. There are lots of ways this could go, but getting it started, offering messaging other than videos and comments, is a good move. Channels have long been a part of YouTube, Paris Hilton got the first branded one in 2006 , and it's pretty far-out to think that text message communication between channel owners and subscribers has taken this long to arrive. Perhaps when you're coming from a video-centric perspective, these things don't always come to mind. There are many other social features that could be added to make YouTube a more compelling site. Could I please be shown the YouTube channels and favorites of my friends on Twitter, Facebook and Google Accounts, for example? That would be great. Discuss
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YouTube Launches Twitter-Like Channel Bulletins
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