Austin’s Michelle Greer bemoans Whuffie?
She makes a good point that “good feelings” about people and “exposure” doesn’t mean a paycheck. I think however, that her issue actually gives credence to the need for a defined and implemented Whuffie system.
In other words if indivudals knew they could get proper recognition, credibility, and bennies for philanthropic ventures they might be much more motivated to participate. (end tumbld)
We are not at a point that “reputation economies” are realized. But they could be I think.
Another factor in reputation capital is time. Famous artisans of yesteryear found recognition after their deaths with their relatives inheriting the public’s license of intellectual properties. However, with global communications and global economics perhaps that is no more? A teenager invents a new process or application and retires a billionaire at 25.
Perhaps we are experiencing a realignment of economics that were formally constrained by location, availability, and time that will demand a metric for social capital?
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