RE: It's a Small World After All

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It's a Small World After All

in philosophy •  7 years ago  (edited)

I see an opportunity to tie into the Steem blockchain for additional information to observe corporate value add in across multiple capital domains.

Steemit, by design, tracks the financial value of data and information. But there is an opportunity to observe the movement of additional capital types within the network as well.

Capital Domains

  • Intellectual Capital
  • Social Capital
  • Living Capital (also called Human Capital)
  • Experiential Capital
  • Cultural Capital
  • Material Capital (money, prior to fiat currencies, were a representation of material capital)

All of these capital types rely on data. Data which could be submitted or gathered from the Steem blockchain.

Intellectual capital is measured within the Steemit ecosystem as information (data in context).
Social capital could be analyzed and developed to a greater degree by correlating additional data sources to further enrich the "social network" that is Steemit. Experiential capital could be developed by allowing greater degrees of feedback (or depth) on Steemit posts - E.G. emoji (dynamic expression) vs. upvote (linear expression).
Cultural capital could be developed by allowing for greater control over Steemit communities, or how they are accessed. Reddit benefits greatly from cultural capital by granting participants an ability to direct sub-communities.
Material capital would include explicitly outline resource flow.

The real benefit to be realized is in network-based capital correlation. The current market-capitalist system chases financial profit at the cost of social gain because modern finance relies on an incomplete set of high-level quantitative metrics distilled to portray corporate value, but these same organizations rely on abstracting away negative externalities in order to promote perceived value. Blockchain-based autonomous organizations wouldn't face this liability and would thus be valued at a premium.

Cryptocurrencies have the opportunity to introduce markets for social gain and tie them directly to financial instruments and currencies. Had we still been relying on the gold standard, we would now be discussing the movement to an information-backed currency, which is non-fiat and superior by design. Information, by volume, contains the most financial value.

This is where the value of the blockchain, distributed ledgers, and digital tokens lie. The current profit chasing crypto glut will give way to a thorough holistic solution.

Slow and steady wins the race.

https://medium.com/fitzroy-academy/the-decentralised-internet-and-social-impact-a-beginners-explainer-78660570f065

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  ·  7 years ago (edited)

Sounds like a great model. How does this get implemented? I'd like to talk more about it. Do you have discord? Are you Will Dayble from the link you provided?

I've always viewed quality knowledge as the true potential for Steem success, yet I'm one of few on the platofrm who see that potential... too much $$$ focus for many here or other forms of information that don't elevate ourselves or humanity to be better...

I'm just moving out of the idea stage and trying to finish an MVP. I've been primarily working with a community outside of the crypto space - but there isn't enough traction being made on the technical front.

I have quite a bit of material to support the model.

If you want to reach out to discuss more, feel free to reach out via todd at vitae.foundation. I'd love to chat!