A U.K. firm is set to launch a camera to capture every moment of a person’s life. While you may reel at the privacy implications, I’d wager that the high price of not capturing and sharing every moment of our lives will soon dwarf the cost to our privacy.

The SenseCam, worn on a cord around the neck, will retail for $820 and capture an image every 30 seconds. Originally developed by Microsoft Research in Cambridge, England, the technology has been licensed to Oxford-based Vicon, which will produce a version for Alzheimer’s and dementia researchers by the year’s end and a consumer version in 2010.

It’s easy to see the associated risks of a life-logging device. From stalkers to identity theft, recording such information (and to unlock its true value, posting it online) makes us vulnerable to all manner of bad actors.

But what about the cost of not sharing? In the online realm, that might mean you simply don’t exist.

Privacy is dead, and social media hold the smoking gun…

[article continues at CNN.com]