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Money and Exponential Growth

Whatever algorithm Facebook uses to decide what sort of paid advertising to put on my screen came up with this add. The graphic is meant to stoke my greed and envision myself surging ahead of all the other chumps struggling to make a buck online, but instead, it brought to mind a very different concept:


http://en.wikipedia.org/wiki/File:Components_of_the_United_States_money_supply2.svg

Comments

( 4 comments — Leave a comment )
pauldsonntag
Jun. 19th, 2010 07:59 pm (UTC)
Economy-like products
Similar shape to the curves, though I'm sure they chose that one for visual appeal. Still, makes me think...

On the web and in e-commerce terms, (assuming an actual functioning economy where money is a representation of tangible value rather than debt), there's a three-part value system running from site metrics (traffic, page views, dwell-time, return rate, conversion rate, etc.) to revenue (purchases, ad clicks, etc.) to goods/services purchased with said revenue (hooray, I paid my electric bill!). In other words, there's a direct value chain between site content and real-world benefit.

However our relationship with money is distorted, such that money becomes the reward in and of itself, as any freshman in psych101 can tell you. But I think the same sort of secondary reward phenomenon is happening with virtual assets on the web--those same site metrics being their own reward, for example.

This is not to suggest that all activities pursued on the web can or should be quantifiable in terms of revenue, because much of what is happening is pure, raw culture. But I think that many people can't see cultural value because there's no associated metric. It's the difference between what one achieves from writing a really solid blog entry versus how many followers one has on twitter. There's a tenuous connection between the two, but many confuse them as being the same thing.
kmo
Jun. 19th, 2010 09:21 pm (UTC)
Re: Economy-like products
Wow. Well put. Thank you for posting that.

I remember checking my podcast download stats multiple times a day in the first couple of years of doing the C-Realm Podcast. Now, I basically only check when someone asks me about site traffic or if it looks like I'm running dangerously close to exceeding my monthly bandwidth allowance on PodOMatic.
kmo
Jun. 19th, 2010 10:55 pm (UTC)
Re: Economy-like products
Wow. Well put. Thank you for posting that.

I remember checking my podcast download stats multiple times a day in the first couple of years of doing the C-Realm Podcast. Now, I basically only check when someone asks me about site traffic or if it looks like I'm running dangerously close to exceeding my monthly bandwidth allowance on PodOMatic.
pauldsonntag
Jun. 20th, 2010 03:26 am (UTC)
Data drip
Well, I talk big but I have to confess to being a data junkie. I'll check analytics for a few days after I post because I love watching user geographical distribution. I'm based in Seattle, but somehow I have a single but fairly consistent reader in Australia. I really can't act on that information in any material way, but I still get a kick out of knowing it.
( 4 comments — Leave a comment )

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