Yes! And if you “lose” my data you owe me big money.

Also have the fine scale exponentially by data items.... data set of 100 people with 2 items (name and email = $400 total or ($2x$2=$4 per user x 100 users)).

Data set with 1 million users and 10 fields per user would be $1B and $1,024 paid to each person...

Then make companies bond their liability - with recourse against anyone up the chain of title if the data was purchased...

Perhaps a bit draconian...

You've just shut down every personal blog and small (or medium or large...) forum on the Internet.

Anonymous data is not the same thing. There's no reason to jump to regulation of data without a legal trail.

What's anoymous data? If I have an e-mail, a screenname, and IP, I bet I could identify at least the household with a much greater than 0% success rate.

The royalty is free access to Facebook, instagram, [insert free web service name here]

And for the services that I paid for that lost my data?

"It's my data" - this is absurd.

Observations I make are mine, if I observe you it's my observation.

I can tell stories about my observations, but if I make public statements about you that are false, that's a tort.

This is what needs to happen. "identity theft" is what people fear. It would not happen if the banks got sued for big money and lost every time they lied to credit agencies about debts you did not default on. All this data breach stuff is mostly a bait and switch tactic from the real problem stemming from bank slander.

Your security clearance report stolen by the Chineese from the US government OPM database[1]. This could be a real problem for you. Information anyone can get by paying for it? This would not be a problem if credit fraud and credit reports were not such a big problem.

[1] https://www.nytimes.com/2015/06/05/us/breach-in-a-federal-co...

"if the banks got sued for big money and lost every time they lied to credit agencies about debts you did not default on" is pretty much the situation in most (all?) of EU; if you dispute the claim, then the debt can't be reported to anyone else unless they can prove that it was you, and no, "they knew your magic number and your mother's maiden name" doesn't count as evidence.

Coincidentally, we don't have the same types of mass identity theft issues that USA has.

You're not observing anything, you're asking for the data

If that were true, your "observations" of a movie would give you the right to reproduce it, and that's not the case today.

Generally facts can't be copyrighted. I think a lawsuit about copying the phone book contents is usually given as the basis for that legal precedent.

Observations of behaviour are not normally isolated to facts, they're integrated to create models of behaviour.

I was specifically giving an example of why your observations don't automatically mean you have ownership today. I'm personally in favour of laws that ensure such observations are more explicitly owned by the observee in corporate scenarios.

Sounds like a blockchain solution in the making... /s

Haven't you heard... It's all about blockchains of blockchains these days. Gives you ln(n) time instead of n. There is also interesting work in leader follower blockchains.

I assume they also give you n^2 of global energy waste instead of n...

I didn't think of that but yes that is an added benefit