Peers Inc

Second, government should constrain the asset when it can be used up or can’t be shared effectively at the same time (called “rivalrous goods” in economic parlance).

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Generally speaking, people are talented in specific, discrete areas. Quirky channels individual contributions into eight categories: idea, research, design, style, name, tagline, price, and sales.

Meanwhile, two extremely valuable pieces of information were being generated every single time a navigational system was used: your route choice (fifteenth example) and your actual speed at each location at a specific time on a specific day of the week (sixteenth example). It was a gold mine of data that was overlooked and thrown away for years. It

Peers Inc collaboration points to a viable, scalable, humane way forward in a world overshadowed by anxiety about the future of employment, the scarcity of resources, the rapid pace of change, and the future of capitalism on a finite planet.

the three components of the Peers Inc transformation: excess capacity, platforms, and peers.

Most participants contribute very small amounts of time and earn little. This is a pattern of peer production we will explore in greater depth

“It takes about 10 seconds to type a CAPTCHA,” von Ahn said. “Humanity as a whole is wasting about 500,000 hours every day typing these annoying CAPTCHAs.” So he wondered: “Is there any way in which we can use this effort for something that is good for humanity?”12 And so reCAPTCHA was born in 2007.

if cities and companies want to solve a problem, they would be far better off publishing the issue they want to tackle, rather than requesting a specific solution, particularly since the institutions usually have limited expertise in the problem areas.