Does money have a future? While most people are seeking to predict the future of money, some predict a future where community-based trust and online rating reputation systems might enable us to get rid of money — at least as we know it. Last week London was buzzing with discussion of financial innovation, from the Wired conference on Money, the Bitcoin conference, other organized panels on alternative currencies organized by more mainstream parties. However, while most people were busy thinking about the “future of money,” one surprising conclusion was suggested by a visiting Australian. Critiques of the so-called “dark side” of the collaborative economy suggest that this need may be increasing rapidly. Trust: easy to lose, difficult to gain The primary way of evaluating, user reviews, has already been shown to not scale well. Gaming reviews, either by fake reviews or threatening guests with a return bad review, of course means that services lose the trust they’ve worked hard to gain. Building global community
A better way to identify and develop talented people A flawed approach to identifying talent One of the biggest tragedies of modern management is our approach to finding and developing talented people. For recruiting, we use top schools and other brokers to identify the talent for us. For people already inside the firm, we construct elaborate talent management systems and leadership development programs. These methods, which focus on the few and neglect the many, are extraordinarily ineffective and, worse, they’re actively harming firms and their people. There’s a better way. What do you expect? We tend to treat talent as something innate, something a rare few possess. Everybody does it – schools, the military, corporations. The classic study, in 1966, was done in schools. Why? “Teachers’ beliefs created self-fulfilling prophecies. In the 1980s, researchers discovered similar effects in the Israeli Defense Forces when trainees were randomly selected as “high-potential”. A better way to find talented people A better way to develop talent
Jimmy Wales's answer to Wikipedia: What is the base to trust users in order to create something like Wikipedia PeerTrust Newsletter #1 Hello dear, First of all, thanks a lot for registering to this newsletter and bearing with us for so long. So long actually that you probably don't remember what you signed up for anymore. So allow me to refresh your memories. A couple of years ago, we noticed that a lot of so-called "collaborative consumption" companies were facing trust-related issues: AirBnB had a hard time dealing with its "ransack gate", HiGear was forced to shut down because of theft, despite their identity verification process. We had ideas to solve those issues, so we focused our attention on PeerTrust. What is PeerTrust? PeerTrust has been in the works for a long time. Today, we are very proud to let you - our earliest supporters - know that we have reached that goal.
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