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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr 15 Oct 2016
      • Report Tweet
      • Report NetzDG Violation

      After sleeping on it, I've concluded that only basis for Twitteroconomy is likes/RTs/@ replies/DMs. But not explicit credits (doom of Quora)

      2 replies 1 retweet 11 likes
    2. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      You would need to create artificially scarce currency like "5 likes = 3 RT = 1 @ reply" but WITHOUT explicit credit schemes. Why and how?

      2 replies 0 retweets 7 likes
    3. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      Why: Goodhart's law, Graeber's arguments against impersonal currencies, known unsocial behavior of things like loyalty points/freq flyer pts

      2 replies 0 retweets 6 likes
    4. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      So it's down to the "how" of an illegible community currency. Two parts to it: zero/negative sum transactional use, and creation mechanism

      1 reply 0 retweets 2 likes
    5. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      Gold standard in personal/community/social currencies is TIME. Impersonal currencies replace time with another instrument using information

      1 reply 3 retweets 7 likes
    6. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      Examples: you wait to show respect for social superior, social superiors can be late (use others' time). Favors are repaid after time delays

      3 replies 2 retweets 4 likes
    7. Venkatesh Rao‏ @vgr 15 Oct 2016
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      Replying to @vgr

      I suspect usury taboos and proscription against charging interest are because it legibilizes the personal sacredness of individualized time.

      1 reply 0 retweets 4 likes
      Venkatesh Rao‏ @vgr 15 Oct 2016
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      A prince waiting a minute for you is worth more than a pauper waiting a minute for you. Yet a prince/pauper's dollar earn the same interest

      10:16 AM - 15 Oct 2016
      • 1 Retweet
      • 6 Likes
      • Zhan Li 🇪🇺🇬🇧 Joe Newstrom FLAT EARTH BOXER (on YouTube) 🌹Karan Dodia 🌻 ✊🏾🌎🙏🏾 (he/him) The Circular Ruins Daniel Klein
      1 reply 1 retweet 6 likes
        1. New conversation
        2. Venkatesh Rao‏ @vgr 15 Oct 2016
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          Replying to @vgr

          How do we make a feature out of this: delays. Depending on your (unknown) credit, you may have to wait 0.1s or 10s between likes.

          1 reply 1 retweet 3 likes
        3. Venkatesh Rao‏ @vgr 15 Oct 2016
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          Replying to @vgr

          Shadowbanning is actually a clumsy, too-coarse version of this. General idea, use time to tune a user's agency and reach.

          1 reply 0 retweets 0 likes
        4. Show replies

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