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Reciprocity as a Business Model
the essence of community, its very heart and soul, is the nonmonetary exchange of value [...] It arises from deep, intuitive, understanding that self-interest is inseparably connected with community interest
Dee Hock • One from Many: VISA and the Rise of Chaordic Organizati…
I’ve written plenty on my fears of what happens to us, when all of our interactions are mediated with a legible financial transaction potential underneath it. The erosion of hospitality. And in the same breath I have oozed over the utopian potential of creative infinites for the culture now that the value of work can be realized more smoothly, and ... See more
Reggie James • It's Not A Ponzi
One restaurant that asked people to pay what they wanted for a meal found that people paid less than the restaurant would have charged normally. That might not sound good for the restaurant owner, but more people came to dine at the restaurant and almost no one paid nothing or very little. In total, the restaurant made more money.5 This relatively
... See moreDan Ariely • Dollars and Sense
David Friedman points out that people only do things for other people for three reasons – love, money, or force. Love doesn’t scale, so the economy can only run on money or force. The force experiment has been run and found wanting. Let’s stick with money.