social currency

89% Already OWS

by Dan Robles on November 23, 2011

99% of Americans don’t have a game that they can win playing by the rules imposed on them by the other 1%.  But in order to keep this game in play, that 1% utterly depends on the remaining 89% who still have jobs to show up for work and do as they are told. The spectre of the 9% fallen is an incentive, of sorts, to those still walking.

These are the 89 percenters…

…who already occupy Wall Street with their knowledge of systems and processes to implement procedures and methods that support the connections and networks of the remaining 1%.  Without these people in place, the system will fail faster than S&P can calculate a credit score, literally.

The 89% know what each other know

The logistics manager knows whom to call when the packages are late.  The account manager knows all of the customers by name.  The service team knows exactly how to get the computer systems back online.  The loan officer knows where the money is.  But only the 1% know where the knowledge is…and where it isn’t…

Knowledge is money

As RIM recently learned, if the computers go down, all the money in the world will not bring them back.  Most companies have an off-line life span of only a few days or hours before irreparable damage occurs.  Only the right knowledge in the right place at the right time can save the firm.   This is a huge monetary vulnerability.

The Public Knowledge Inventory

I found a great picture of the Occupy Wall Street Library from here.  The great irony is that OWS felt the need to build a Library that represents the ideas that they have between their ears.  What they really need is a “Library” for the knowledge that actually lives, breaths, and acts in the minds of the 99%.  Only then can they deploy the force that they need to move enterprises.

Divide and conquer

As long as Americans are fighting with each other, there is little chance that they will organize their knowledge assets and deploy their knowledge assets in a manner that serves social priorities instead of Wall Street priorities.  This is the big shift that the World is waiting for.  As long as people fear losing their jobs, they will comply with the 1%

What scares them the most?

The greatest fear of any company is to have their key employees poached by a competitor.  Companies have gone out of their way to implement non-poaching agreements between known competitors and NDAs against unknown competitors.  Companies hide key players behind a mountain of bureaucracy, misinformation, and obscure titles and job descriptions in order to hide them from the open market; yet they willingly poach other firms when they can.

The cry of the 99% is income equality.

Let me suggest that OWS consider knowledge equality as a superior alternative.  So instead of the OWS book library, they should form a public knowledge Library.  A public knowledge inventory would make knowledge transparent to all people and all companies equally.

Then Let the Poaching begin

If the 89% were not scared heartless about getting another job, then they would be far more willing to join the movement.  In fact, the MVPs would be the most powerful voice of the movement – the top innovators and visionaries toiling their life away for a company willing to raid their pension fund or drop insurance coverage at the drop of a hat.  Nobody is going to tell them to take a bath – they are the water.

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Another Opportunity To Observe Social Currency

by Dan Robles on August 23, 2011

(I am sitting on a panel at SIBOS 2011 in Toronto Sept 19-21st speaking on the subject of New Economies – this post represents the angle that I take on the subject)

With images of people rushing into the Libyan dictator’s compound like the current from a great tsunami reshaping the landscape in a matter of minutes, I reflect on the obvious metaphor.  A quick Google search on “Social Current” reveals almost nothing – except “Social Issues and Current Events”.  Well, close, but not quite…

I hate to break the news to folks but Social Current and Social Currency are the exact same thing.

For example, the ex-Egyptian President had plenty of money and plenty of oil, and plenty of guns  – all the markings of wealth and power.  Yet he was challenged and defeated by Social Currency. If there were a strict market driven conversion factor for Egyptian Social Currency, it would probably comp out at around 100 Billion dollars. So there is a conversion factor in case anyone is interested.

Will the real economy please stand up

Anyone who does not believe that social currency exists today and is actively traded, stored, and exchanged in quantities far greater than financial currency, is looking in the wrong end of their binoculars.  In fact, I would go so far as to say that the economy denominated in social currency is far greater than the economy denominated in financial currency.

Dollar spelled backwards is….

In the past, I have used the word “Rallod“ as a placeholder for all VALUE that is NOT directly articulated with Dollars.  In fact, we could say that the Sun delivers Rallods to planet Earth and humans harvest what are called “natural resources” which are then converted to Dollars for storage, trade, and exchange.  The problem is that Rallods don’t have a financial “system” of their own. Rallods have been invisible – until now.

Money can’t buy me Love…

Not to get too fluffy here, but try to produce an airplane, a sandwich, or a surgical procedure without intellect, creativity, compassion, empathy, ethics, social values, or community awareness.  None of these things show up on the typical Wall Street Financial report balance sheet.  However, the absence of these things can quickly shows up in the liabilities column when confronted by social current.

Syria is in the midst of a social currency conversion process as are Greece, Tunisia, London, Israel, and France, etc.  Not to mention Yemen, China, Iran, and quite notably, the United States.

The Challenge then is to articulate ALL value in an economic system.

I believe this to be the genesis of the next economy.  I can also say with quite a bit of optimism, that it is well underway, we have past the point of no return, it’s a done deal, we are all interchanging Rallods and Dollars every day.

People are learning how to store, and exchange Rallods.  They really are – in fact, that’s where the majority of innovation in the world is occurring today.

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New economies
Is money the only form of transaction value and wealth? What about social currencies? We will expose you to new thinking on new economies such as the trust economy, the intention economy, the relationship economy, the social economy and the ethical economy.

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Virtual Hub And Spoke System

July 26, 2011
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The organization of people it figuratively (with G+) and literally (with corporations) is the exact same thing. This will become obvious when people discover the necessity to organize their selves into productive communities. But why wait – we can, and we will use social media to form a new system of social organization.

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The Art and Science of Social Sudoku

June 3, 2011
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With that, I invite our readers to try and imagine what skill set would be the starting condition for an iterative process of finding hundreds of entrepreneurial community leaders that can solve this puzzle. I am leaning more and more toward the Gaming community on sites like http://gamification.org to find this skill set. Any thought?

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Data: The Ultimate Shared Asset

April 29, 2011
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You give your data away for free. Companies collect this data and they have no intention of sharing it with you. Data is a multi-billion dollar industry. Why? Aren’t most life lessons about figuring out who is NOT playing The Value Game and avoiding them?

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The Mashup of Gamification and Collaborative Consumption

March 25, 2011
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Predictably, in the end Gamification amounts to little more than feeding the advertiser’s insatiable addiction to that extra dose of personal data coursing through the veins of unbridled consumption capitalism

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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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How To Play The Value Game

February 22, 2011
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The Value Game is a new class of business methods that converts financial currency into social currency and vice versa.   The benefits of the Value Game are innumerable since social currency is the only true alternate means of storage and exchange for value that can hedge a weakening dollar. The rules of the game are [...]

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Crowdsourcing The Brokerage House

February 15, 2011
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Social Flights creates a valuable and unique form of business intelligence defining how much value, in dollars, that people place on their time. This results in a conversion factor between social currency and financial currency – something that has never been achieved before.

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May The Best Currency Win

February 10, 2011
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What do you think every dictator wishes that they had more of right now: guns, money, or social currency?

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The New Value Movement

January 19, 2011
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When the total monetary system can articulate the total value of the Earth AND it’s human resources, only then can an organic set of priorities be delivered to a market.

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Fungible Coupons And Collaborative Production

January 13, 2011
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By limiting the number of coupons precisely to the amount of inventory that is subject to liquidation, the coupon becomes a fungible instrument. If the supply is limited, then people will trade the coupon value

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Who Needs Anti-Social Travel?

December 28, 2010
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The objective if this venture is to match a fleet of 15,000 private jets to social media networks tribes for efficient door-to-door travel. The start-up is largely founded on the premise that a dismal travel experience is a dismal social experience.

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Intrinsic Banking

December 16, 2010
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The value game increases the social value of the community enterprise by converting monetary value into social value. Only then can the Credit Score sustainably convert social value back into financial value.

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Social Currency Derivatives Trading

December 13, 2010
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It is not surprising that social currency will become a hedge instrument for financial currency in markets. After all, nothing economic can happen until people get together to build something. Nothing of any significance can be built unless people exchange social currency.

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Social Currency Takes Flight

December 6, 2010
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Private Aviation is the first of several industries planning to launch a new class of business methods built on a “Social Value Game” developed by The Ingenesist Project .

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The Future of Social Currency

November 16, 2010
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The Branded Debit card has long been a staple of the vanity financial services industry.  Having your favorite football team, alma mater, or non-profit proudly displayed upon your purchasing prowess is a clever offshoot of those printed checks of days gone by.  Now, in the age of social media, YOU are the brand. Your product [...]

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Social Value is Social Enterprise

November 15, 2010
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The fastest way to unleash the extraordinary value that is contained in communities of experienced, talented, and motivated people is to provide a substrate for them to trade their knowledge assets among each other.  When people get together around a purpose, they build things that create incredible social value. The Social Value Platform provides an [...]

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A New Generation of Social Business Methods

November 13, 2010
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A huge amount of anti-social friction is imposed on the consumer in the name of convenience. When combined, these two technologies can vastly reduce the frictions of electronic commerce, reduce advertising, improve anonymity, scramble personal data and increase the security of transactions while introducing a strong bias toward social value in commerce.

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The Invisible Hand of Social Capitalism

November 12, 2010
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Like Adam Smith’s invisible hand of Market Capitalism, the Invisible Hands of Social Capitalism will reward people for organizing themselves to make what they enjoy most and are naturally talented in producing.

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Reverse Economics And True Value Social Games

November 11, 2010
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With a high velocity and frictionless payment processing system, the economy should be able to operate in “reverse” just as easily – if not better than – it operates in so-called “forward”. Here is why:

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The Social Value Index

November 2, 2010
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The future of money will likely arise from entrepreneurs influencing the social value index with thousands of new business models rather than with some new currency. The ratio between financial currency and social currency may in fact become that “new currency” standard.

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Social Networks and Innovation Banking

November 1, 2010
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People are trading knowledge assets in social media. This exchange is denominated in social currency. If we mimic the structure of the Financial System with the emerging structure of Social Value Systems, 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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Social Value: The Aerobics Game

October 23, 2010
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The Social Value Index compares the cost/benefit of the non-integrated advertising model with the cost/benefit of the socially integrated model of community benefit. The Social Value Index rewards this store for enabling entrepreneurs in exchange for loyal repeat customers. The Social Value Index favors this instructor for being knowledgeable and supportive of her community and available health resources.

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