Wednesday, November 23, 2005

Alternative Currencies

Ok, now I'm not suggesting anything as strange as this eBay item, but I've been thinking for a while about alternative value exchange systems like the LETS scheme and others. Shouldn't the Internet have made this much more workable sometime ago? Were we waiting for Web 2.0 to establish the flexible types of glue that a true exchange system needs? Alternatively are we just not interested enough, or already well-served by the US Dollar/Euro and Paypal? Perhaps we're looking in the wrong place and we already have a perfectly good system of attention exchange, built on the foundations of Google Ranking, blog inter-linking and article rating. If so, how do we monetise our assessed value, and more to the point: What's the web now worth?

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Blogger Jay Oatway said...

I too have been thinking much about the same things. I recently came across the AttentionTrust, which is promoting a subtle shift in the way we value the web:

"When you pay attention to something (and when you ignore something), data is created. This 'attention data' is a valuable resource that reflects your interests, your activities and your values, and it serves as a proxy for your attention."

I also published some alt-currency stuff to my blog here.

2:09 AM  
Blogger flyingrock said...

I honestly haven't given this too much grey matter time, but it is a logical step isn't it?
I'm curious, Mr. Shari, in your oppinion is this more logically the next step on the road of the digital frontier compared to say Identity issue's?
To me it seems that before anything such as an E-currency can effectively evolve the E-mass needs to solve it's identity crisis, IMHO single sign-on is a huge deal and is the next wild territory to be tamed.

in specifics, (it may be old hat to you) I'd love your opinion of this clip if you have a moment:

1:02 PM  

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