The unnatural assumption that financial currencies (and their related banking, loan, credit, and other services) are the pinnacle of human commercial development, and not an artifact of a time before the internet.
… A more human form of regulation and currency: reputation.
The financial systems we relied on became unable to support these platforms [Facebook, Twitter, etc.], we started implementing workarounds for new kinds of exchanges of our own […]. eBay seller ratings to allow strangers to buy from strangers with confidence.
Welcome… to Reputation Economics […] They are exchanges that use more (or other) measures than just financial currency.
If you’ve given a birthday gift […] o hired a friend of friend, you’ve done it.
Money is a great idea […], but human beings aren’t reductionist enough to turn everything into cash value. After all, what’s you mom worth? That’s not a trick question, by the way.
Reputation is the closest thing we have for facilitating transactions […]. It’s inherently and relatively qualitative instead of quantitative.