Initiatives of Interest for New Currency Conference Call

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2012-10-02 00:12:16
This chart can be filled in prior to the New Currency conference call, to help participants review opportunities and possibly offer "flash advisory" inputs
SUBGROUP CONSENSUSAttention Wager CurrencyPersonal Currencies
Proposed name of initiativeAttention Currency Awards
Pooling Gifts of Time
SubtitleAdvance gamechanging projects via Innocentive- like prizes & attention wagers
Pool "gift certificates" of personal research time for NextEdgers we admire
Summary DescriptionReceive curated NextEdge insights useful to your projects. Give NextEdge Breakthrough currency to the degree the insights are helpful. If you want, wager your own reputation points when you see a way to help others.

Value for Multiple Tracks? Possible (eg #Tribesourcing #TransOrg)
Pledge research help to others in the community (on topics of their choosing), if a threshold number of others pledge to do the same. Build visibility and relationships with other NextEdgers

Value for Multiple Tracks? Possible (eg #Tribesourcing #TransOrg)
Visual
QuoteKevin Jones: "there is too much to catch on the next edge..."
Related Exampleshttp://innocentive.comhttp://beex.org
http://is.gd/help4nonprofits
When to useWhen we feel OverwhelmedWhen we have time and are feeling generous
When not to useWhen we just want the raw feedWhen our time's too short
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1. ATTRACTOR - what makes this interestingGet a "Catch of the Day" (curated NextEdge inbox) to solve the biggest challenges you're facingGive a boost to NextEdgers or aligned projects you most admire (with a prospect of reputation-building feedback)
2. CHALLENGE(S) - tensions addressed1) We're all drowning in the exaflood

2) New talent coming into NextEdge has no clear way to earn reputation by adding value to breakthrough initiatives
1) Many nascent NextEdge initiatives need volunteer help

2) NextEdgers now lack a system to offer help – and to receive ratings/references that lift value of their personal currencies
3. OPPORTUNITY - vision of achievable changeSee & rate items sent by other NextEdgers (in your "Attention Wager" inbox) for solutions to your greatest project challenges

Award NextEdge Breakthrough Wager currency to the degree that items help solve your posted Innocentive-style prize challenge
(as a giver)
- Good feelings from helping out
- Relationship/visibility with other NextEdgers
- Reputation boost for personal currency

(as a receiver)
- Free help for projects you value
4. STRATEGY - proposed steps to make the change1) Participants post summaries of their active projects and related Innocentive-style prize challenges in a NextEdge Breakthrough Wager page, and agree to update their profiles at least once each week during a two-month trial period

2) Each participant recieves 1000 NextEdge Breakthrough currency points upon completing the profile, with another 50 added per week.

3) Participants go about their respective activities. When a person comes across something of apparent value to a posted Innocentive-style prize, he or she forwards the link to the prize offerer. The subject line contains something like "Mark Frazier wagers 200 points that http://is.gd/openworldgame will be useful to Devin Balkind in getting land for his intentional community."

4) The originator of the prize challenge wins all of the wagered currency in the event that he or she deems the resource link to be of no value. (A notice of this, plus a brief note on the reason it lacked value, would be sent to the person who made the bet to help tune any future wagers) But if the message had some value, the prize giver might send back (for example) 100 Breakthrough Currency credits - a signal that the bettor was somewhat close, but not quite understanding what the prizegiver was seeking. And the "jackpot" prize would be given in the (rare) cases when a person deemed their Breakthrough Challenge to be completely solved.

Such flows could help individuals build substantial holdings of NextEdge Breakthrough Currency by consistently delivering items of value. This would provide a way for other Next Edgers to more quickly recognize highly successful curators.
1) Evaluate fit of pledge sites (http://beex.org, http://pledgebank.org, etc) for NextEdge love bombs

2) Create simple web site for Next Edgers to create, issue, track redemption of personal "gift certificates of time", and a rating system for recipients to leave feedback on completion of each project

3) Approach Tribesourcing/Crowd Fund subgroup on Next Edge about a joint pilot project

4) Do beta test with one or more admired NextEdgers as initial Love Bomb recipients

5) Improve the system based on the beta test

6) Conduct a full-fledged Next Edge pilot

7) "Productize" the system as an open source app that can be shared with other Next Edge-aligned tribes

5. TEST - what stakeholders think of steps- Do New Currency subgroup members think a pilot is worth doing?
- Are creators of alt-currency apps willing to customize their solutions for a subgroup pilot?
- Will participants in the pilot find it useful?
- If they do, will a Kickstarter or similar pledge drive get enough backing to prepare a NextEdge-wide community solution?
- Do New Currency subgroup members think a pilot is worth doing?
- Are creators of pledge apps (eg Beex) willing to customize their solutions for a subgroup pilot?
- Will participants in the pilot find it useful?
- If they do, will a Kickstarter or similar pledge drive get enough backing to prepare a NextEdge-wide community solution?
6. DECISION – next actionShall we explore Attention Wagers in the New Currency conference call?Shall we explore NextEdge Love Bombs in the upcoming conference call?
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Gaps to be filled for this pattern
Related uplift patterns
Potential allies & opponents
Past use
Current use
Future use (links to prediction wagers)
Pattern initiator (contact)Mark Frazier (Skype: openworld)Mark Frazier (Skype: openworld)
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  • 2011-08-25 03:10:27
    2012-10-02 00:12:16
  • English
  • Compare GROUP CONSENSUS vs Community Forge vs Trustbuilding & Launching vs NextEdge Currency vs VBSR Marketplace vs Attention Wagers vs Idea 6
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  • Creative Commons License CC-BY-SA 3.0 / GNU FDL
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