Comments on: Information is currency http://osrin.net/2010/03/information-is-currency/ Notes from fourty one degrees south... Sat, 23 Apr 2011 04:48:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: links for 2010-06-22 « riverrun by meaghn | beta http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-37996 links for 2010-06-22 « riverrun by meaghn | beta Wed, 23 Jun 2010 03:11:28 +0000 http://osrin.net/2010/03/information-is-currency/#comment-37996 [...] Information is currency | osrin.net For centuries economies have been based upon a well proven model of bartering, early trading involved individuals exchanging goods or services of similar value then over time we saw cash become the primary means of applying a value to a transaction. Over the last decade we have seen several companies and individuals work out the next step in the evolution of currency, applying value to information in ways that we never previously imagined. [...] [...] Information is currency | osrin.net For centuries economies have been based upon a well proven model of bartering, early trading involved individuals exchanging goods or services of similar value then over time we saw cash become the primary means of applying a value to a transaction. Over the last decade we have seen several companies and individuals work out the next step in the evolution of currency, applying value to information in ways that we never previously imagined. [...]

]]> By: Laurence Millar http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-36019 Laurence Millar Fri, 26 Mar 2010 14:42:37 +0000 http://osrin.net/2010/03/information-is-currency/#comment-36019 The three crucial differences between information and currency are: Information is non-rivalrous, which means that consuming information does not exclude someone else from also consuming it. Exclusion is not a natural property of information goods, though it is possible to construct exclusion artificially (as many want to - step forward ACTA). To establish the value of the information, you need to have access to it. We apply the currency/value model to information becuase that is the only economics that we can conceive. Does not mean to say it is the right model. The three crucial differences between information and currency are:

Information is non-rivalrous, which means that consuming information does not exclude someone else from also consuming it.
Exclusion is not a natural property of information goods, though it is possible to construct exclusion artificially (as many want to – step forward ACTA).
To establish the value of the information, you need to have access to it.

We apply the currency/value model to information becuase that is the only economics that we can conceive. Does not mean to say it is the right model.

]]> By: oliver http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-35926 oliver Tue, 23 Mar 2010 07:08:29 +0000 http://osrin.net/2010/03/information-is-currency/#comment-35926 Now that sounds like an interesting addition to the conversation... let me know when you're in town! Now that sounds like an interesting addition to the conversation… let me know when you’re in town!

]]> By: Mike Riversdale http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-35924 Mike Riversdale Tue, 23 Mar 2010 06:49:14 +0000 http://osrin.net/2010/03/information-is-currency/#comment-35924 Aha, and when I'm in Wellington (soon, soon) I would love to counter that "information" is currency and more "attention" is :-) Aha, and when I’m in Wellington (soon, soon) I would love to counter that “information” is currency and more “attention” is :-)

]]> By: Colin Jackson http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-35915 Colin Jackson Tue, 23 Mar 2010 03:19:16 +0000 http://osrin.net/2010/03/information-is-currency/#comment-35915 Interesting stuff, Oliver. I've written a <a href="http://it.gen.nz/2010/03/23/how-valuable-is-information/" rel="nofollow">piece in reply.</a> Interesting stuff, Oliver. I’ve written a piece in reply.

]]> By: it.gen.nz » How valuable is information? http://osrin.net/2010/03/information-is-currency/comment-page-1/#comment-35911 it.gen.nz » How valuable is information? Tue, 23 Mar 2010 02:48:22 +0000 http://osrin.net/2010/03/information-is-currency/#comment-35911 [...] Bell has posted a thought-provoking article called Information is Currency. He and I discussed some of these ideas over a beverage one night in Wellington recently. Reading [...] [...] Bell has posted a thought-provoking article called Information is Currency. He and I discussed some of these ideas over a beverage one night in Wellington recently. Reading [...]

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