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Wildcat2030 wildcat

Tangible Knowledge & Social Media : Victor Godot - 7 views

www.victorgodot.com/newmedia

monetization

shared by Wildcat2030 wildcat on 23 Jan 10 - Cached
frank smith liked it
  • Wildcat2030 wildcat on 23 Jan 10
     
    Here's an interesting description by D. Roberts about social media as a collection of knowledge assets that have to be organized, in order to achieve what he calls "Tangible Knowledge, the Holy grail of finance".
  • ...2 more comments...
  • frank smith on 27 Jan 10
     
    I see the truth of what he is saying...BUT... There is another face to making knowledge tangible. It has been sought by Management to extract knowledge from Labor, so as not to be held hostage by the demands of the Old Master Craftsmen. This is an extension of the beginnings of the Factory Age. My problem is this, my basic value as a human is based in part (the professional or my "way of making a living") on the knowledge and skills I maintain within myself. It is true that I devalue, by some amount, a particular bit of knowledge or skill (call it a "knill") every time I teach or even allow others to observe any of the process by which I produce a tangible result for them. My possible difficulty is this: once my knills have been made tangible, are cataloged and marketed, my means of supporting myself become transplanted into the realm of the physical, similar to the environment my tools live in. Right now someone can steal my screwdriver and I can get another, but my knowledge of how to use a screwdriver remains with me. Once I have sold, or had stolen, or lost my knills, where do I maintain personal value?? Constantly creating new knills?? Finding markets for my old ones?? I know in reality this argument is extreme, but I am always cautious about the boundaries between what we keep in our heads and what we manifest outside the safe confines of the skull. I guess packaging and selling my knills seems somewhat like selling my memories or dreams. I know I don't lose them but finality of making a particular knill tangible leads me to want to ponder valuation carefully and on a case by case basis. Don't get me wrong, I am excited about the concept and interested in implementation, but I am also always seeing the cloud for each silver lining...
  • Kurt Laitner on 31 Jan 10
     
    my buddy and I had a deep conversation about this one evening, if only we had fully intermediated existence I could link to it for you - one of the themes here was if we create a global market for skills you devalue the skills - that said just as you would not give a code job to a guy in india because he is cheaper than a local guy, you would not see a global market for skills become commoditized. Other dimensions of value come into play, most specifically trust. If I know a local coder does adequate work, but know nothing about the guy in india, or anyone who can 'accredit' that skill, I now am at third party accreditors (like Uni. of Delhi) to accredit his skill. Not terribly compelling. Gets into the transitivity of trust as well, had a great conflav with james choate on that one on twine... At the end of the day trust is fundamentally scarce as it is based on another fundamental scarcity, attention, which we all, being finite beings posess a finite amount of - with pharma and fitness one can improve net personal attention but you can generally not affect gross personal atttention terribly much (healthy living I suppose and advanced medical care). As attention is scarce thence trust is scarce and since skills must be accredited by direct or indirect experience there will never be the collapsing of skills into commodity pricing knill's are a little more interesting in that an algorithm can be made into infinite copies, in this case the IPR functions of *net come into play - you publish your knill and everyone who turns that knill into a liquidity event pays through to you.
  • fishead ...*∞º˙ on 31 Jan 10
     
    I see a little of what Kurt mentions on a regular basis. Although gainfully employed full-time (for now) I do keep track of freelance activity in my field(s) via several groups. One of them, ELance, always posts some really cool jobs in computer animation and visualization, mostly for architectural renditions, animations, fly-overs, and the occasional gaming environment. One such post this past week was for a firm seeking an on-going relationship with a projected value of $10k to $15k per project. http://www.elance.com/jobs/3d_architectural_visualization/graphic_design_animation/18971350 Within hours, the sealed bid replies to this job were in the hundreds--many from the Far East, and likely for dirt cheap. Now the interesting thing at ELance is that as you win bids, you build up feedback and reputation scores, which add to your profile. You can also take on-line qualifications exams to verify your skills in a particular program or software, so as Kurt says--third party trust is of major importance. I don't like to see this stuff, because I know most jobs go to the cheapest bidder, potentially locking me out of the market.
  • Kurt Laitner on 31 Jan 10
     
    the only reason they can underbid with equivalent (assumed for argument's sake) skills is that their cost base is lower - three options, move to a cheaper local like bali (pretty nice, and until recently relatively terrorist free as the only hindu island in indonesia, dirt cheap living) to reduce your cost base, wait for the third world prices to come up (perhaps takes longer than our lifetime) or do great work that can't be duplicated (rockstars set their own prices). Otherwise focus on local work where face2face is still valued. This world is coming, so owning the medium is not a bad strategy. do post Elance on taanstafl and *net reputation and *net trust- I'll go set up reputation if it isn't already
Wildcat2030 wildcat

YouTube Will Start Charging for Some Videos - 0 views

www.readwriteweb.com/...t_charging_for_some_videos.php

monetization pay to play

shared by Wildcat2030 wildcat on 21 Jan 10 - Cached
  • Wildcat2030 wildcat on 21 Jan 10
     
    Would you pay $5 to watch an indie flick on YouTube?
  • frank smith on 27 Jan 10
     
    no...not even...
  • Jack Logan on 29 Jan 10
     
    I might, ... under certain circumstances. iTunes has proved that there's a price that people will pay. I bet the iPad causes certain sections of the NYTimes to get more funding. I might subscribe.
frank smith

Money is not value, it is the symbol of value - 0 views

Ok, everything starts and ends with money at this point. But you can't eat it, can't sleep inside it, and by itself it can't get you from place to place. So, where does it fit in a scheme of common...

altrusism monetization money pay pay to play philosophy share shareware socialism gift economy

started by frank smith on 18 Jan 10 no follow-up yet
frank smith

Zero Sum Game - 0 views

en.wikipedia.org/...Zero-sum_game

altrusism monetization money pay pay to play philosophy share shareware socialism heinlien game theory

shared by frank smith on 18 Jan 10 - Cached
  • frank smith on 18 Jan 10
     
    In game theory and economic theory, zero-sum describes a situation in which a participant's gain or loss is exactly balanced by the losses or gains of the other participant(s). If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Zero-sum can be thought of more generally as constant sum where the benefits and losses to all players sum to the same value of money (or utility). Cutting a cake is zero- or constant-sum, because taking a larger piece reduces the amount of cake available for others. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses is either less than or more than zero. Zero-sum games are also called strictly competitive.
frank smith

Free rider problem - 0 views

en.wikipedia.org/...Free_rider_problem

altrusism monetization socialism heinlien money pay philosophy share shareware pay to play game theory

shared by frank smith on 18 Jan 10 - Cached
  • frank smith on 18 Jan 10
     
    In economics, collective bargaining, psychology, and political science, "free riders" are those who consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production. Free riding is usually considered to be an economic "problem" only when it leads to the non-production or under-production of a public good (and thus to Pareto inefficiency), or when it leads to the excessive use of a common property resource. The free rider problem is the question of how to limit free riding (or its negative effects) in these situations. The name "free rider" comes from a common textbook example: someone using public transportation without paying the fare. If too many people do this, the system will not have enough money to operate. In the context of labor unions, free rider means an employee who pays no union dues or agency shop fees, but nonetheless receives the same benefits of union representation as dues-payers. Under U.S. law, unions owe a duty of fair representation to all workers that they represent, regardless of whether they pay dues. Free riding has been a point of legal and political contention for decades.[1] Free riding is also a term used by brokerages when a client purchases shares beyond his or her means. Free riders are those who purchase shares and then do not pay for them.
frank smith

Wiki entry for TANSTAAFL - 2 views

en.wikipedia.org/..._no_such_thing_as_a_free_lunch

altrusism monetization money pay philosophy share shareware pay to play socialism heinlien

shared by frank smith on 18 Jan 10 - Cached
  • frank smith on 18 Jan 10
     
    Nice overview of the concept...
frank smith

Tanstaafl - 1 views

www.technovelgy.com/...content.asp

monetization heinlien the moon is a harsh mistress philosophy altrusism shareware freeware gift economy pay to play fee for service money finance capitalism socialism game theory pay free share give gift

shared by frank smith on 18 Jan 10 - Cached
  • frank smith on 18 Jan 10
     
    Excerpt from Heinlein's book "the moon is a harsh mistress" where the term was popularized.
  • ...1 more comment...
  • fishead ...*∞º˙ on 18 Jan 10
     
    one of my all-time favorites. 'specially the part about flying in the air circulator.
  • frank smith on 19 Jan 10
     
    yeah me too. kind of a retelling of the American Revolution mixed with the Australian Experience.
  • Jack Logan on 20 Jan 10
     
    That reminds me, I used to be a REAL SciFi fan, in grad. school, and I'd like to get back to reading Heinlein's, "The Moon is a Harsh Mistress!"
frank smith

Rock, Paper, Scissors: Game theory in Everyday Life - 0 views

groups.diigo.com/...me-theory-google-books-1234133

philosophy game theory conflict resolution Len Fisher monetization pay money gift economy share shareware

shared by frank smith on 22 Jan 10 - No Cached
frank smith liked it
  • frank smith on 22 Jan 10
     
    Len Fisher's book on game theory, published 2008
  • frank smith on 05 Feb 10
     
    check page 120-121 plus the list starting on pg 196
frank smith

Fair Outcomes, Inc. - 1 views

www.fairoutcomes.com

outcomes algorithms code reference philosophy gift economy pay monetization valuation fair unfair conflict division altruism money

shared by frank smith on 22 Jan 10 - Cached
  • frank smith on 22 Jan 10
     
    Fair Outcomes, Inc. provides parties involved in disputes or difficult negotiations with access to newly developed proprietary systems that allow fair and equitable outcomes to be achieved with remarkable efficiency. Each of these systems is grounded in mathematical theories of fair division and of games. Our founders and staff include game theorists, computer scientists, and practicing attorneys with extensive experience in designing, administering, utilizing, and providing consulting and online services with respect to such systems. Further information about our company and our services may be obtained by using the contact information appearing on this page. Additional information about four of our systems can be obtained by clicking on the links appearing below:
frank smith

Welcome to FAIR OUTCOMES, INC. - 1 views

www.fairoutcomes.com/...home.pl

outcomes algorithms code reference philosophy conflict unfair fair valuation monetization pay gift economy division altruism money share

shared by frank smith on 22 Jan 10 - No Cached
  • frank smith on 22 Jan 10
     
    Welcome to the Home Page of the Fair Buy-Sell System. This system is used by joint owners of property-such as business partners, joint venturers, shareholders, and married couples-who wish to bring their joint ownership to an end on terms that are mutually acceptable and legally enforceable. This page allows you to access a simplified version of the system that we are offering to the public free of charge. If you are a joint owner of property and wish to use the system, or if you simply wish to run a free test to see how it works, you can do so by clicking on Issue an Invitation. To respond to another party's initiation of the System, click on Respond to an Invitation. A summary of the system and the involved process appears below.
  • frank smith on 22 Jan 10
     
    A free version of Fair Outcomes bargaining system. I am going to take a deeper look latetr today/tonight
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