I'm intrigued by the idea that social capital can be as non-zero sum as financial capital, given the limitations of attention (and even trust, which relies somewhat on attention).
How do you explain? cc @kevinakwok @eugeneweihttps://twitter.com/kevinakwok/status/1165947985684942851 …
Where does financial technology end and social technology pick up? (Credit scores, for example.) Isn’t a lot of the financial industry in the business of enhancing trust in order to allocate capital more effectively?
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Since trust can be generated through either financial or social tech, they are often substituted for each other. Thus a reason why so many tech companies all end up in consumer banking in one form or another. In China most major tech apps have a lead gen tab for personal loans.
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here's a strike: fintech abstracts & scales patterns discovered by soctech [e.g. before credit scores, each lender would have an idea of how credit worthy each lendee is based on past repayments] social at the edge [explore], finance in the center [exploit]?
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theoretically, then, a new social platform/architecture would generate new interactions & new signals which then eventually get financialized (monetized?). Sometimes happens through credit (per eugene's other tweet), sometimes through advertising (which I think is fintech?)
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