Non-Quantifiable Social Exchange?

by Dan Robles on 05/22/2010

abacus 300x199 Who Is Quantified by Whom?What is a Non-quantifiable Exchange?

The term “Non-Quantifiable Exchanges” was the title of a panel session that I attended at the recent Future of Money and Technology Summit. In researching the subject, it appears that a “non-quantifiable exchange” is more notable for what it is not rather than what it is. Case in point – after the precursory Google Search, the term and a modern definition does not exist – but the room was full !?!?!

With all of the talk about cloud sourcing economies and romantic notions of emerging organic currencies, it would seems that people could just get along fine without a central mechanism for storage and exchange of value. Instead, each individual would assess the value of the transaction in terms of what it means to him or her. Currency could then take the form of a person’s reputation, productivity and general usefulness for assessing value and helping others to do so in their community (reference)

If it’s not an asset…or a liability, then what is it?

Traditional valuation systems for businesses immediately start tugging at a host of standard assumptions for measuring “performance” – many of which are no longer meaningful. Land, Labor, and capital cannot be deployed to the same efficacy whereas social capital, creative capital, and intellectual capital are being liberated to social media with astonishing results.

Nobody can produce an accurate ROI for social media, however, social media presence is becoming a substantial factor in the valuation of a company.

Likewise, reverse access to personal information about customers on Facebook is both the lifeblood and poison of new engagement marketing. The general public have become “external intangibles” to the business plan – where the heck is that on a balance sheet?

Goldman Sachs claims that those who bought their worst subprime products were sophisticated investors whose obligation it is to understand the quality of the underlying components. Their defense is that the customer failed, not the system of disclosure.…what? How long would Dell last if this had been their response for poor quality?

Cloud Economics or Inversion System?

Vapor is quantified by the balloon that contains it. A cloud is quantified by the weather system that surrounds it. The atmosphere is quantified by the mass of the planet and it’s proximity to a sun, and so on. Therefore, the term “non-quantifiable”, and the word “exchange”, are mutually exclusive. If there is an exchange, there is quantification.

Suppose I was to suggest that value stored in social currency may exceed the value stored by financial currency. The paradigm shift now becomes, who quantifies whom?

{ 13 comments }

Alex Hall May 24, 2010 at 1:46 am

Non-Quantifiable Social Exchange? – http://www.relationship-economy.com/?p=10471 #socialmedia

Gavin from Sendible May 22, 2010 at 5:03 pm

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smconnection May 22, 2010 at 7:46 am

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Joe Grasso May 22, 2010 at 7:46 am

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JobShoots May 22, 2010 at 6:44 am

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JobShoots May 22, 2010 at 6:44 am

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Alltop May 22, 2010 at 6:44 am

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prblogs May 22, 2010 at 5:13 am

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Achievers Network May 22, 2010 at 5:13 am

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Aron Stevenson May 22, 2010 at 5:13 am

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StarGazon May 22, 2010 at 5:00 am

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Angela Suddarth May 22, 2010 at 4:54 am

[email protected] Non-Quantifiable Social Exchange?:
What is a Non-quantifiable Exchange?
The term “Non-Quantifiable Ex… http://bit.ly/ch9XlI

JDeragon May 22, 2010 at 4:54 am

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