Social Money: “Get Rich And Make Your Friends Rich”

An Indian website is offering the equivalent of what I was describing as Tim Boucher Dollars.

Social Money program is an innovation by Indyarocks where the members will be rewarded for their day to day interaction with friends and family and it is also a way to reward user generated content (UGC).

As a member of Indyarocks you can start earning by sending and receiving FREE SMS messages or by uploading and watching videos at Indyarocks.

Their slogan is “Get Rich And Make Your Friends Rich” - which translates to “mutually inspired abundance” in my terminology (Timinology?).

Will be interesting to watch as this catches on with Web 2.0 businesses. If systems like this become popular, Web 2.0 companies will finally no longer be able to rely on ordinary people doing all their data-entry for free.

{See also: personal data sovereignty, Attention Trust}

[via EOM]


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