Week 2

Systems of exchange - Here we discussed ways in which immaterial currency can be used to purchase items or participate. Our idea was using time / participation as currency which stems off our idea for a booth (which is a collaborative art project). This system would work for us and the participant equally, as the more time they put in, the better final result for us.

Using time / participation as a currency.

Our business concept will produce a (hopefully) large collage of paintings, therefore we will use the effort & creativity of other people in order to create it. To be part of our setup, the worker must dedicate some time (however long it takes to paint) to leave their mark on the community canvas. We feel it would be difficult convincing someone to pay us in order to work for us. This method allows for people to be comfortable and flexible in their investment.

Pros:

Simple concept, doesn’t require anything physical

Relies on creativity and effort - you get what you give (essentially)

Can’t be lost

Everyone has time and creativity to share

Flexible - lets the worker decide how much time they want to invest

Cons:

Some may take a long time, therefore using resources

No set rules or expectations

Some people may be put off without any personal physical trade

(add collaboration agreement here)