From Monetizing Social Neworks by David Silver. This book tells me how to make our online psych survivor community economically self-sustaining. — Corinna West
“In a capitalistic society, everything eventually becomes a derivative,” Karl Marx wrote in Das Kapital.
We have seen that in the financial market with credit default swaps. And heck, what is a share of common stock anyway?
Now, we see Farmville, a social media game, grossing an estimated $200 millian a year in revenues from the sale of synthetic currency used to buy tractors, goats, sheep, cows and chickens. Yet social games like this are purposeless derivatives.
Continue reading By David Silver – Social Media Games Divide; Rituals Unite