In the last few articles, I’ve been trashing the idea of an influence currency as frivolous, vain, and even dangerous. I have also discussed the importance of Intentions as a superior means of storing and exchanging value because of it’s ability to predicting economic outcomes. Only from these conditions can we construct an alternate currency.
For all Intents and Purposes….
Suppose that we suggest that one’s knowledge inventory is a good representation of their intentions to do things. You can test this by strolling through the aisles your neighborhood Barnes and Noble book store and observing your own reactions to the titles as they flash by. Notice how your tendency to act (stop to read the byline or even pick up the book to read the cover) correlates to your organic knowledge, passion, interest, or experience. Notice which sections you tend to linger in and how your eyes float up and down through the shelves, etc.
So let’s say that you studied business in college. We can then say that you have an intention to conduct business. The same holds true if you studied math, engineering, art, music, creative sciences, and/or social sciences. So we can say that a knowledge inventory is an intention inventory – assuming that you are not distracted by ADVERTISING.
Let’s make some predictions:
If you have low knowledge and high interest, your intentions would correlate to those of a student. If you have high knowledge and high interest, your intentions would correlate to those of a teacher. If your have low knowledge and low interest, you would register no intentions. If you have high knowledge and low interest, your intentions are ambivalent.
One step deeper:
If we were to assemble a community’s knowledge and interests on a few bell curves, we could make predictions about what a community intends to produce. If a community has high knowledge and high interest to build airplanes then we can place a value on those intentions in a market.
Now here is where the fun starts:
If we can predict future value, we can create and “intention currency” and capitalize it. That means that we can turn it into a debt instrument and make a promise to pay back the today’s intention currency with future intentions. If we can capitalize an intention currency, we can securitize an intention currency and sell “Intention Bonds” that finance today’s intentions with those of tomorrow. Meanwhile, as we build the airplane, we have the incentive to innovate and create new knowledge that we can use to pay off the intention debt in the future.
Preoccupied or unoccupied?
If is sounds crazy, be assured that it happens all the time by corporations, marketers, demographers, politicians and even among some prison inmate populations. Of course they will never tell you this, but unfortunately communities of people, social networks, and all the knowledge inventory sequestered inside corporations or messing around on Facebook have not figured out how to monetize all these intentions for themselves. This is because they are preoccupied by an influence currency called – ADVERTISING