Informal Economics in the Knowledge Bazaar Jon Udell writes about two way communication in Really Simple Syndication
"I tried to show an audience of scientists how the two-way information flow of blogging and RSS newsfeed aggregation could support and accelerate the collaboration that is at the heart of the scientific enterprise."
It does reduce the time dramatically but still for people to participate they must themselves perceive that it is the best option above all others to increase their household utility function. There is a switching cost of the unknown that needs to be worked out before wide adoption. This time savings alone is only one of three mechanisms working in the Knowledge Bazaar that we call the Bloggecosystem.
Jon Udell continues; "Culturally, it represents a style of communication that is genuinely new." . . . and this
First, work and conversation in web logs unfolds within a dynamic growing social network that is scale free. The creation and exchange in knowledge is the same thing. Like a nice game of chess we are simultaneously producing and consuming enjoyment and learning for each other. Second, ones participation thus ones creative contributions are valued in multiple currencies, most prominently links, but also rewards in social status and the creation and maintenance of a growing web of obligation. (Ask not what the web can do for you today but rather what can you do for the web) Third, these exchanges of knowledge are grounded in a particular time and place in history. These items from Knowledge Bazaar (pdf) by Andrew B. Hargadon applied to informal working in the web log world
9:26:50 AM
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