Urgent Evoke

A crash course in changing the world.

As any economist will insist, economic behavior is about allocating limited resources - limited resources including giving your fellow Agents a hand with this or that aspect of preparing their Evokation or some other aspect of their involvement on Evoke. To that end and to promote the exchange of goods and services among Evoke Agents (strictly within the Terms of Service), I'd like to invite interested parties to step forward and bank some Evokians to make this market possible.

How can you spend an Evokian? It will be an in game currency that can be used to negotiate services that promote the accomplishment of Missions, Quests, and Evokations. They can not be used to pay for votes. When spending Evokian, you must notify this post with the number of Evokians spent and what they paid for. For example, I don't speak Hindi so I asked Agent Y to translate a doc**ent and I paid him 4 EVs for his time. Or I needed some expert advise from an engineering Agent on what it would take to manufacture this product for my Evokation - since it took her three hours to research it for me, I paid her 6 EVs.

What is the exchange rate of EVs to services? That will be decided by the marketplace, but paying someone a billion EVs will lead to runaway inflation (and now you owe the bank and thereby your fellow Agents a billion EVs).

Can I run a debt? Sure, but I would encourage other Agents who want to engage in the marketplace to check on someone's debt burden before accepting payment.

How long will this economic experiment go on? Provided it is promoting exchange and not inhibiting it and the moderators don't object, I will run it (with help if anyone wants to help) through May 12th.

How will the accounts be reconciled? Once a day, I will go through the days posts, tally up who gave what to whom, and a list of participating Agents with their EV balances will be posted.

How many EVs do I start with? None. The first time you exchange a EVs for a service, you will owe the bank that much.

What other rules apply? Beats me. This is an experiment. I invite others to help me refine the idea.

Cheers,
Mark

Views: 148

Comment by Ethan Walden on April 10, 2010 at 3:36pm
Now on serious issues Mark: Yesterday I told you something about cancelling our banking projects and working with bill. I still want to work with bill, but regarding cancelling
the People's World Bank, I'm not gonna be able to to that because somebody at Apple
just seed funded Delta Team to develop the ring bartering platform.
KarmaKorn is a gifting economy platform and we plan to use the Kernels
in tandem with the NC's. You are in E4E already right?
Comment by Mark Mulkerin on April 10, 2010 at 3:52pm
@Ethan, that is great. I'm just desperately waiting for my son to go to sleep so I can do so after so I'm a pumpkin at any time, so not tonight. That said - I just started the second bank of evoke where jokes and poems are freecycled. It seems like a good idea, but I could just need sleep ...
Comment by PJE on April 10, 2010 at 5:50pm
Very good!
Wonderful poem
and self deprecating humour
both containing good advice.
Thank you.
Will repay soon.
Comment by Samiran Roy on April 11, 2010 at 1:00pm
@Mark, can you add the First Bank of Evoke, and the Second Bank of evoke, to the list of official ongoing projects here:
http://www.urgentevoke.com/profiles/blogs/evoke-official-ongoing
Thanks
Comment by Wintermute on April 21, 2010 at 1:15pm
We should use the VEN: (wikipedia)

Ven

Ven is a virtual currency used by members of Hub Culture to buy, share and trade knowledge, goods and services with anyone in the network and can be spent at any Hub Culture Pavilion. The value of Ven is determined on the financial markets from a basket of currencies and commodities and it trades against other major currencies at floating exchange rates. Global pricing for Ven is provided in partnership with Gekko Global Markets a leading UK company that provides trading platform solutions to both financial institutions and private clients.[4] Ven first appeared as an application in Facebook on 4 July 2007. In late 2008, the currency became tradeable to anyone with an email address, making it the first global digital currency to move from an online social network into the real world.[5]

In December 2009 Hub Culture began using Ven as a micropayment system for the distribution of content produced by members in the network, allowing users to charge access to individual articles or videos posted inside the network system. In March 2010, Ace Hotel became the first hotel group to accept payment for room reservations in Ven, a service available at New York City, Palm Springs, Seattle and Portland locations.
Comment by Wintermute on April 21, 2010 at 1:18pm
Although considering that the VEN is a real currency I don't know if you can just start trading it at anytime.

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