The Network is the MarketPosted: September 21, 2003
Just came across a definition for Social Networks by Ross Mayfield. He states:
“Social Networks (unlike Political or Creative Networks) are fundamentally transactional. We each have a group of people, no larger that 150, that we passively track and trade with. We have relationships of a kind with each of them and are aware of their relationships with each other. What we are monitoring is social capital. When someone wrongs another, if you have both people in your Social Network, you become aware of it and adjust your tacit social credit ratings….”
I made the statement not too long ago (and a lot of other people) that “the network is the computer.” I never thought at the time (originally back in ’95) folks would start to use the terminology to constrain the network (really the Internet) into, in effect, subnetworks types. Hmm. Not sure what to think here. There are sure to be some revenue models somewhere but are they significant enough to support a new Internet industry subtype? Not sure but I’m noting it anyway for future discussion.