Archive for the ‘bank’ Category

The ONLY Social Currency Is Time

Thousands of social currencies are emerging as people lose confidence in the ability of the dollar to store value. At the end of the day, a currency is a social agreement. People need to agree that whatever they use for the storage and exchange of value accurately represents their productivity – otherwise they will not work for it.

Stock Harmony; An Exchange for Social Value

So this is what makes Stock Harmony interesting. The successful “next currency” will be the one which best represents human productivity. Only then will someone be willing to trade their productivity for that of another person using a currency note as an exchange mechanism. This is where other alternate currencies fall apart and where Stock Harmony shows greater strength.

The Social Capitalism Black Market

An alternate financial system will emerge which will fully capitalize and securitize a social currency. Then, and only then, it will become a relatively simple task to convert social currency to any financial currency much like currency exchanges legally operate around the world.

m-Via; Social Currency and Technology

m-Via, is a money remittance company focused on allowing consumers to use any mobile phone to make international money transfers. m-Via focuses on the huge flow of remittances from the US to Mexico. I have family in Mexico and am quite aware of the challenges related to money transfers across international borders; bank fees, extra ID, teller costs, time, risk, conversion fees, etc.

Two Sides Of The Social Value Equation

There are two sides to the Social Value Equation – the creation of social value and the destruction of social value. There are also many instances where “progress”, perhaps in the form of a freeway or public structure, divides a community where strong social bonds once acted.

The Social Capital Ecosphere

New options are emerging every day for people to put their money to social purpose. Headlines raise shrill cries to reconsider nearly every aspect of how people act. Climate change, catastrophic floods, green energy, terrorist bombings, regional wars, decaying city infrastructure and neighborhoods, social inequity, impure food, unethical manufacturing of clothing, pandemic risks and other causes challenge our beliefs in traditional institutions as the sole ways of using money and transacting across global markets.

Are We Squandering Money, or Engineers?

China and India are producing millions of engineers as part of their global economic dominance strategy. Engineers increase productivity and productivity creates wealth. Why? Because money is only a means for storage and exchange of value and engineers create the value.

They Are Saying Something New About Social Media, Finally

Now, all of a sudden, a new idea is emerging…it’s barely an audible chirp, but it will become a tectonic rumble before long: Social Media is beginning to take on the characteristics of a Financial Instrument.

Balance Sheet For Knowledge Assets

However, in the world of social media, a huge backlog causes a serious problem – it represents commitments made that have not yet been delivered. An unfulfilled promise in a social network is a liability and not an asset.