An Interest In:
Web News this Week
- April 20, 2024
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
March 4, 2016 11:13 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/-Wjzbpz9OvU/whuffie-would-be-a-terrible-cu.html
Whuffie would be a terrible currency
My latest Locus column, Wealth Inequality Is Even Worse in Reputation Economies, explains the ways in which "reputation" makes a poor form of currency -- in a nutshell, reputation doesn't fulfill most of the roles we expect from currency (store of value, unit of exchange, unit of account), and it is literally a popularity contest where the rich always get richer. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/-Wjzbpz9OvU/whuffie-would-be-a-terrible-cu.html
Share this article:
Tweet
View Full Article