economic

The Geek Shall Inherit The Earth

by Dan Robles on September 26, 2011

Engineers are notoriously bad at organizing themselves – or maybe not. 

Engineers tend to stay to themselves and are rarely mentioned in the domains of media, politics, Hollywood, banking, medicine, or law.  Traditional engineering societies are weak and sparse.  Nobody even thinks about paying them royalties for the satellites that carry our smart phone signals.

Some say that Engineers can’t see the forest through the trees.  Others say that Engineers have little tolerance for banter, conjecture, diatribe and all the triviality of mixing with the rest of the world.  Yet, few can argue that Engineers are the ones we all need to show up every day to keep the water clean, the airplanes safe, the code logical, and the law enforceable.

Money is backed by productivity, otherwise, nobody would work for it – think about that for a moment. 

Why would anyone work for something that does not represent what he or she creates?   However, few people notice that productivity is the domain of engineering.  The machines that they create, the bridges that they build, the code they write, and the infrastructure they lay exists for the sole purpose of supporting human productivity.

Whose money is it?

So why are most engineers strangely silent in the emerging discussion about new economies, alternate currencies, and the New Value Movement?  Who are these people and why should we care about them?  I attended a lecture with Charlie Munger, CFO of Berkshire Hathaway who stated in reference to the Enron collapse “it’s bad enough when we lose the accounting profession, but dear God help us if we lose the Engineers”. Charlie cares.

We call them Geeks – but what is really going through their minds?   What would happen if they did organize – or are they already?  Where will they hide all the Value that bankers can’t find anymore? Or has the game already changed? Remember who inherited the hamlet of Hamelin.

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The Reality of Social Networking

by Dan Robles on April 6, 2011

Nothing Economic can happen until people get together and build something, period.

Social Network services are not that.  Social media gives people the impression that they are getting stuff done – but they are not.  Nothing economic is happening on Linkedin or Facebook or Twitter.  Rather, the impact of these services is derived only from what people accomplish in reality.

Yet so many social media services sell advertising.  The objective of an advertising site is to keep you in your seat where you can view more advertising.  The objective of advertising as an industry is to influence you to do something other than what you already want to do.   Each of these things impacts people’s activities, and therefore, much of the crap that people share on social network services.

Race to the bottom

This self–depreciating cycle does not actually create very much nor does it arrive at anywhere interesting or important.  The content that keep people coming back to Social Networks is produced by a relatively few number of entertainers – people who separate themselves from consumption of the medium and instead produce content for consumption by the medium – instead of “For” the medium.  Again, the objective is to keep people in their seats watching more advertising.

Did I mention that nothing economic can happen until people get together and build something?

We are in the middle of creating a different type of social network in Social Flights.  We are billing it as “The Social Network where people actually do stuff” because the objective is to get people out into their community looking for other people who can help them build something.  We’re still experimenting so please be patient if it still seems a little clunky.

The Last Mile of Social Media

The idea is to form travel communities in relatively small geographical areas and enable them to share an airplane to anywhere where there is another travel community.  We call the The Last Mile of Social Media – empowering neighborhoods not Hollywoods.

There is no advertising on social flights; however, local vendors are encouraged to place discount coupons in direct response to a community travel objective.  There is no airline schedule because the objective is for people to share an asset – the airplane. This means that the passengers tell the plane where to fly and when, not the airline.

In the end, Social Flights rewards people, venders, and aircraft operators for interacting with their communities in real life and real time – instead of their computer screens in virtual time.  Now, the social network, laptop, or mobile device becomes a real productivity tool.

Back to economics:

Most logical people will ask “where do I get the money to travel to new places with new people?  The answer is simple: “That is precisely why you need to travel to new places to meet new people”

Nothing economic can happen until people get together and build something, for real.

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The Value Game Plays The Valley Game

February 26, 2011
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The Value Game is a new class of business methods designed to specifically create social value. The rules of the Value Game are very simple. The Game Starts and Ends with money but all of the new value created in the game is denominated in Social Currency.

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The Investment Banker Vs. The Innovation Banker

September 22, 2010
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Together with the financial banking, these two system engage in the dance of the virtuous circle of innovation enterprise. Apart, they collapse into the swirling cesspool of eternal debt and infinite interest (pun intended).

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Non Quantifiable Exchanges

April 29, 2010

When we bite into our tuna sandwich, we take this complexity for granted. We are in fact, consuming the strenuous articulation of a financial system disguised as the simplicity of the checkout stand, the application of mayonnaise, and aroma of toasted wheat bread.

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Future of Money and Technology Summit

April 23, 2010

I was invited to present at the Future of Money and Technology Summit in San Francisco on Monday April 26. Representing The Ingenesist Project, I’ll be seated on a panel with two very important futurists; Chris Heuer and Micki Krimmel discussing non-quantifiable exchanges. The ever esteemed and respectable Ms. Tara Hunt will be moderating the session.

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Are Airline Pricing Schemes Antisocial?

March 31, 2010

“People shop airline tickets by base price but by the time all of the [mandatory] options are factored in, there is not much of a discount after all”.

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What is the Secret Sauce of Innovation?

February 16, 2010

Most studies on Innovation study the to 99th percentile human in the hope of discovering the “secret sauce” of wealth creation. One such study identifies 5 discovery skills and conclude that the top innovators are also in the top percentile for all these skills. What a surprise that the top university would conclude that they – and people like them – were the secret sauce of all wealth creation.

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Social Currency And The Innovation Bank

February 13, 2010

If we consider the structure of conversations and compare that to both the structure of social networks AND the structure of our financial system, we see a huge opportunity to develop an alternate financial system that can capitalize and securitize knowledge assets in social media.

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A Community of Knowledge Assets

February 11, 2010

Our culture organizes itself around winners and losers. Corporations reflect this competitive nature to the core of their Capitalist doctrine. Sports analogies abound across the enterprise straight through to the HR department always on the lookout for the most amount of superstar for the least amount of money.

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Social Media as a Vetting Mechanism

February 9, 2010

Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.

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Where is The Knowledge Inventory?

January 30, 2010

There is no knowledge inventory of our communities. The is a STUNNING omission for a country whose only hope at climbing out of economic hardship is sequestered within the innovative minds of its people.

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Open Letter to all Deep Web Researchers

December 12, 2009

This Open Letter is directed to all Deep Web researchers, authors, developers and people who have a great interest in what lies beyond the popularity contests playing out on the ‘surface web’. I submit this letter in appreciation for the work that you do I also want to present an important application to your research for which you may not yet be fully aware.

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Gross National Happiness

December 7, 2009

Continuing our series on the Search for the Next Economic Paradigm, we feature an unlikely authority on Economic development. The Gross National Happiness Metric hails from the Himalayan country of Bhutan listed by the UN as a “Least Developed Country”.

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The Social Media Paradox

December 2, 2009

Social Media Paradox: The degree to which the act of engaging in the social media paradigm reduces one’s ability to engage in the pre-social media paradigm; and vice versa.

Success in social media requires humility, authenticity and commitment to the medium. Like a tattoo, that impression defines the person and is not easily removed – after all, everyone’s got to have some skin in the game.

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When Capitalists Are Really the Socialists

November 7, 2009

When will people come to the realization that a new financial system is needed to represent the new social order? When will people realize that they have in their possession the most important tool ever devised by humanity for the benefit of humanity? When will they shut off the TV and reject the barrage of mediated reality that blinds them with propaganda at every turn?

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Building a Better Entrepreneur; Google 10^100

September 27, 2009

Google 10^100 award voting is Launched. There are two sectors that we believe would have the greatest impact on the greatest amount of people; building a better banking system and funding social entrepreneurs. You can’t have one without the other – if Google funds these two sectors in concert, the outcome would be incredible.

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The New Reverse World Order

September 9, 2009

If someone can track your spending, they can predict your behavior. It is also true that if someone can track your behavior, they predict your spending. The next economic paradigm is simply a higher order of the same. If someone knows your “Knowledge Inventory” they can predict how you will manage changing conditions – that is, how you will innovate. Likewise, tracking how people innovate exposes the development of new knowledge assets (the ‘gold-standard’ of conversational currency).

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Trust as a Social Currency

September 8, 2009

The idea of trust as social currency is appearing in more articles, conferences, and books. This is all highly consistent with the TIP thesis on Innovation Economics which describes the necessity of a vetting mechanism among the knowledge inventory as a means for the emergence of a currency in a market – that is, a conversational currency. People need to trust the currency if they are to trade the currency.

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Does Social Relevancy Matter?

August 18, 2009

The Ingenesist Project Community concerns itself with the value of social reach since this will most certainly impact he relevance of those conversing as well as the relevance of the conversation to some business activity. Obviously, innovation is about having the right team in the right place at the right time.

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If it Quacks like a Buck…..

August 13, 2009

The very structure of organizations is changing. Trying to control the temperature of the room when the windows have been blown out will only destroy existing controls faster. A completely new economic structure is emerging complete with new factors of production, incentives, institutions, accounting, and currency.

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Who Owns Your Content?

February 21, 2009

The epiphany: Something very interesting happened when Facebook changed their terms of service.   People who use the Facebook platform (for free) organized themselves using the (free) platform to threaten the core validity of the same (free) platform.  This could not happen in any other industry. Saving face? Ownership is largely characterized by the ability of [...]

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The US Financial System – Tail Wagging Dog

February 10, 2009

Finance and Innovation in the US is engaged in the dangerous dance of tail wagging dog. Innovation is as Wall Street does; not the other way around. This is wrong, this is very wrong.

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That Pesky Little problem With Market Capitalism

December 11, 2008

Technological change must always precede economic growth.  We are going about the process of market capitalism as if economic growth can precede technological change.  Somewhere along the line we have gotten the cart in front of the mule. It seems that this situation can be fairly easily corrected – after all, it’s the same cart [...]

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