4 ms·
Your hourly billable rate is irrelevant here because these community tokens aren't trying to compete with your salary. They're pricing something else, something
by floatrock 6y ago
Your hourly billable rate is irrelevant here because these community tokens aren't trying to compete with your salary. They're pricing something else, something orthogonal to your professional compensation.
So there's a useful idea out there called the 8 Forms of Capital: https://www.google.com/search?q=8+forms+of+capital https://www.google.com/search?q=8+forms+of+capital
The idea is roughly lets use the language and methodology of "capital" to look at all the non-"net-worth"-ey things that makes us human.
So your "net worth" is the sum of your 1) Financial Capital (bank account) and 2) Material Capital (house and "stuff").
But that's only 2/8. When you hear about people who live in luxury highrises and work 12 hours a day at McKinsBcgBain but are too drained when they come home to do anything other than order takeout and pass out watching netflix only to pop a xanax and do it all again the next morning, that's being wealthy in Financial and Material Capital but poor in everything else.
The idea of these community tokens isn't to price your time as Financial capital, but rather price it into something like 3) Social Capital (the relationships you have with others) or, maybe, 4) Cultural Capital (all the ideas and bonds that constitute a community identity). Do others interact with you purely transactionally, or do they rely on you as you rely on them? Do you feel like you're part of a neighborhood, or just renting space one 12-month lease at a time?
So basically, your time can be priced in salary-dollars or it can be priced in community-bonds. Your time may command a high salary-dollar price, but what kind of social- and community-dollar price do you command?