Have you ever wondered whether you could take care of your based needs just on yo reputation alone?
Welcome to the Wuffie bank.
what is wuffie - well if we look to Wikipedia - "Whuffie is the ephemeral, reputation-based currency of Cory Doctorow's science fiction novel, Down and Out in the Magic Kingdom. This book describes a post-scarcity economy: All the necessities (and most of the luxuries) of life are free for the taking. A person's current Whuffie is instantly viewable to anyone, as everybody has a brain-implant giving them an interface with the Net.The term has since seen some adoption as a synonym for social capital, including its use in the title of the Tara Hunt book The Whuffie Factor."
Ok, cool factor very high and we all know science fiction is really inspiration fiction for this century. So it should come as no suprise that some entreprising people ould create a Wuffie economy and a Wuffie bank.
"In a world where reputation is wealth, only those who do good and well unto others are the richest". That's the social change we want to achieve through the use of a new kind of currency as the whuffie. (http://thewhuffiebank.org/)
so how is the Whuffie calculated-
"Our work consists on improving the calculation of whuffie to properly represent a value for reputation.The Whuffie Bank won't take into consideration popularity or influence, although these variables may help to increase the whuffie of a person. The algorithm currently considers these aspects:
Detects Public Endorsements — Each time a message you put on Twitter gets retweeted that's considered a positive endorsement for you.
Measures Level of Influence — A person that's constantly retweeting others will be spreading the impact of his influence among many people. On the other side, if a person retweets a message once in a while, that will have a bigger impact.
Considers Existing Reputation of Members — Being endorsed by a Whuffie-rich person will have a stronger impact than being endorsed by an average user.
Analyzes Content of Messages — When message with a link gets retweeted, it's usually because of the content in that link rather than the person itself. So when someone gets retweeted for something they exclusively said, that will have a bigger impact on the algorithm.
SO here is another alternative means of currency being explored through the measurement of reputation as measured on your positive impact on the social connectedness of the worl.
So who's up to get a Whuffie account?
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