over 8 years on 2010-03-27


i strongly believe that there is an exchange rate between social capital and physical capital, even if the exchange rate is low enough, and the transaction costs are high enough, that converting back and forth isn't generally roi positive...

i have found that a lot of people take issue with this premise. i am currently wondering if the conversion between social and physical capital is going to become more accepted / legitimate with greater transparency. i think it will...

the other day kortina used venmo.com to charge me $2.00 for being late to meet him for coffee.

-- i also think that the exchange rate is changing dramatically as social capital's value relative to physical capital grows (for another time).

original swl blogposts and letters 2007-2010