Big Question: Is your personal information the new currency?

It can seem like our whole lives are lived online. Some are quite free with their personal information, others not so much. Are those happy to surrender their information contributing to a new kind of currency?

Curiosity contributor Jonathan Strickland ponders the value of our online information and takes a look at who might want it, and why.

How many profiles have you built on various sites? How many online forms have you filled out? For many of us, the answer ends up being "a whole heck of a lot."

That information is too valuable to just sit in a database. Personal information is one of the most precious resources in our world today. It can influence corporations or entire industries. And most of us give it away for free.

Actually, we do tend to get something in return for our information. We're allowed to build a profile on a site like Facebook. Or we might get a chance to win a prize. Or we may be able to build a list of items we'd like as presents the next time our birthday rolls around. And other parties are willing to pay heaping piles of cash for that information.

Media author Douglas Rushkoff in 2011 said, "We are not the customers of Facebook, we are the product. Facebook is selling us to advertisers." His point is that customers are people who pay for goods and services. But we're not really paying money to sites like Facebook or services like Twitter. These companies make their money in other ways. They generate revenue through advertising (Twitter also depends upon venture capital).

What does Facebook do with your information? It sells data to advertisers, who want people to buy certain products. Advertising is far more effective if the right audience sees it. Information, ours, leads to more effective marketing, which, advertisers hope, leads to more sales.

It's not just Facebook. When you share your information on a site, there's a chance it's being sold to advertisers. Not every site does it -- the terms of service should spell out how your data will be used.

The lesson here is that your information is valuable. Keep that in mind and you may avoid breaches in your privacy. You may also ask yourself if that next site, service or contest is really worth your information.

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