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frank smith

Wiki definition for Gift Economy" - 1 views

en.wikipedia.org/...Gift_economy

altrusism philosophy share shareware socialism gift economy potluck potlatch

shared by frank smith on 18 Jan 10 - Cached
  • frank smith on 18 Jan 10
     
    In the social sciences, a gift economy (or gift culture) is a society where valuable goods and services are regularly given without any explicit agreement for immediate or future rewards (i.e. no formal quid pro quo exists).[1] Ideally, simultaneous or recurring giving serves to circulate and redistribute valuables within the community. The organization of a gift economy stands in contrast to a barter economy or a market economy. Informal custom governs exchanges, rather than an explicit exchange of goods or services for money or some other commodity. Various social theories concerning gift economies exist. Some consider the gifts to be a form of reciprocal altruism. Another interpretation is that social status is awarded in return for the gifts.[2] Consider for example, the sharing of food in some hunter-gatherer societies, where food-sharing is a safeguard against the failure of any individual's daily foraging. This custom may reflect concern for the well-being of others, it may be a form of informal insurance, or may bring with it social status or other benefits.
Kurt Laitner

Lithium scores money to grow corporate social networks | VentureBeat - 1 views

digital.venturebeat.com/...munity-support-for-enterprises

shared by Kurt Laitner on 09 Feb 10 - Cached
  • Lithium Technologies, which builds and operates social networks for enterprises, has raised $12 million in venture capital today.
  • Stenski’s answers have been viewed more than a million times, saving Dell more than $1 million, according to Lithium.
  • But Lithium has attempted to set itself apart by using game-like motivators such as leaderboards, rewards, reputations and profiles.
  • ...1 more annotation...
  • Dell IdeaStorm voting, the most-frequent contributors can get “iSquared powers,” meaning they get ten times the voting power of other community members when it comes to selecting which of the IdeaStorm product ideas are the best.
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
Kurt Laitner

Social CRM & Community Solutions - Lithium - 1 views

www.lithium.com

Lithium platform socialnetworking

shared by Kurt Laitner on 09 Feb 10 - Cached
  • Kurt Laitner on 09 Feb 10
     
    I think these guys have the money making down - that said, they earn on the basis of free labour - this is not sustainable
Jack Logan

Video; You Can't Make a Bet Without Odds | The Ingenesist Project - 4 views

www.ingenesist.com/...t-make-a-bet-without-odds.html

social network odds bet

shared by Jack Logan on 02 Feb 10 - Cached
frank smith liked it
  • Jack Logan on 02 Feb 10
     
    Don't make a bet without odds.
frank smith

Nice start on this topic frank! thanks! - 6 views

Oh...and YOUR WELCOME KURT!!! teehee

started by Kurt Laitner on 18 Jan 10 2 follow-ups, last by frank smith on 19 Jan 10
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
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