Social Currencies and Increasing Returns

Written by Webisteme Sunday, 18 September 2011 10:10
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Eli Gothill discusses the future of money...

''A recent conversation with a friend on the subject of “karmic” social currencies led me to an interesting idea.*

What if it were possible to design a social currency which created positive feedback: the more you earned it through helping others, the more help would likely come your way in return. One interpretation of Karma is as a principle of increasing returns: the more you act in a certain way, the more the feedback from your environment reflects this way of acting. Do good onto others, and others will do good onto you. Can this principle be baked into the design of a currency? If so, how?...''

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