@21 monetizing the 7 billion

“So, the first column of this table is population, but let’s talk about the second column, revenue,” he says.“Facebook only makes one-to-ten dollars, per person, per year, while China makes something more on the order of 1,000 dollars in tax revenue. The US is more on the order of 10,000 dollars per person, per year.”

“So, literally, is it is possible to go up ten, a hundred, maybe even a thousand fold, in terms of monetization per person, per year,” he says.“That’s why I believe that internet monetization is just getting started. It starts with machines selling their time for digital currency with the machine-payable web. Eventually, it gets to humans selling their time for digital currency as well. And I think then we can then start doing more economically impactful things in these social networks besides just poking, liking, and tweeting at each other.”

The future is now: Why machines will take over our wallets

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