The Social Currency: Time

If anybody wants to access your time or knowledge or influence, they would have to pay for it with their own.

Dan Robles

 

Thousands of social currencies are emerging as people lose confidence in the ability of the dollar to store value. At the end of the day, a currency is a social agreement. People need to agree that whatever they use for the storage and exchange of value accurately represents their productivity – otherwise they will not work for it.

Of course this is much easier said than done. Alternate currency advocates continue to stumble across substantial structural issues defining their currency; It must be scarce, it must be difficult to forge, debase, or counterfeit and it must be accepted by everyone.

The only thing that fits all of those criteria is ‘Time’.

Take-away

Well, to me it is time, and maybe attention. But time is easier to measure and track. If I understand  Dan Robles' key message right, it is like

Invest your time in saving time for many others.

Let's see how this works out. Distilling from the video.

 

Market Capitalism		Social Capitalism
Marketing		Value game
Supply chain management		WIKiD tools
Financial asstet management		Knowledge inventory
Search engines organize data, information		social search and filtering organize relations, knowledge

 

More, much more ... The Ingenesist Project - The Next Economic Paradigm

 

Synapsing with

The DIKW Model of Innovation by Richard Gayle

 

Data simply exists. It gains context to become

Information by human interaction, which itself becomes

Knowledge by interconversion of different forms of information.

Wisdom comes from repetition of the DIK cycle.