The Patent system is slow, static, and expensive. Sure it’s great for corporations and wealthy institutions, but what about the rest of us? How do we get paid for our intellectual property? We make rapid fire decisions every day that can make or break markets – who’s got time to patent?
Social capitalism is the new game in town.
Or maybe the last thing that Wall Street wants is for Engineers, Architects, designers, and creative people to get “royalties” on their work. Wall Street is quite happy collecting the royalties of the creative people in America – those people who actually produce something real and tangible. Social media is a social contract and Intellectual Property is our tangible currency. Hello.
Innovation is currently defined as “A new idea that has a favorable economic outcome”. The problem is that nobody can solve one equation with two unknowns, i.e., what’s a new idea? and what’s the economic outcome? By this definition, you can only identify innovation after it has occurred. So, it’s not very useful – in fact, it is a tragic definition and it must be scrapped immediately.
The trick is to identify the new ideas and direct them to the appropriate economic outcome, not the other way around as many companies and agencies try to do. Most good ideas can’t find a place to be profitable in a silo, so they are scrapped. This is not the fault of talent or the idea, but invariably both are lost.
The existing definition of innovation is insufficient for use as a way to identify innovation in the present. There is no way to build an innovation economy upon a flawed definition and unpredictable value of innovative activity. This new interpretation will allow innovation to properly behave like a financial instrument.
The Ingenesist Project tries to string this all together with just enough specificity so that an alternate financial system will jump start itself and become both visible and available to everyone.
Nothing “Economic” can happen is Social Media until real people get together to build things. Sure, Marketers are trying their hardest to penetrate the last mile, but communities are trying to defend it too.
In an interview with the Wall Street Journal, Google CEO Eric Schmidt warns of the future consequences of social media and networks, and the vast amount of personal data that users put out there on the Web.
It follows to reason that all of the innovation that could return somewhere between 10% and 1000% goes largely un-capitalized. Now, suppose that an innovation bond were to come along which produces a risk adjusted return of, say only, 15% per year denominated in a fungible currency, investors would seek refuge in the Innovation Bond.
Exoquant.com Currency is a device used for the storage and exchange of Value. Two characteristics of modern money are the abilities to Capitalize and Securitize the currency. In fact, Wall Street touts a specialized professional precisely for that purpose – they are called “Quants” This video introduces a very similar form of mathematics that Wall [...]
The Value Game introduces a new class of business plans that will define Social Capitalism as a distinction from Market Capitalism rather than simply an extension of Market Capitalism
These predictions conclude that an entirely new way of storing and exchanging value will arise in Society as the tools of social media integrate from user-generated information to user generated productivity. Already we see this integration happening at a staggering pace.
Alternate currency advocates continue to stumble across substantial structural issue is defining their currency; It must be scarce, it must be difficult to forge, debase, or counterfeit and it must be accepted by everyone.
