Social Networks

Entries related to social networks, group psychology, anthropology, and really any of the social sciences.

About Social Networks

Obama’s social network and Edwards’ campaign office in Second Life have spawned another round of discussions about the value of online social networks. Second Life is more than just a social network, but a lot of the concerns about Second Life apply to a general discussion of social networks.

I’ve been writing about social networks for a few years now and you can see some my posts about social networks here.

Before I start talking much about social networks, I would like to address some of the general criticisms of social networks. It seems like a common occurrence with any new technology is as the technology starts gaining popularity, people start coming out and pointing out how the technology might be less than people expecting. Some of this is, perhaps, just a normal part of a technology adoption curve. It may be in part, people who are afraid of being disrupted pointing out the problems with a disrupting technology. Some of it may simply be people looking at a glass being half empty instead of being half full, and some of it may be best summarized in the quote that Robert Kennedy adapted from George Bernard Shaw, "Some men see things as they are and ask why. Others dream things that never were and ask why not."

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Virtual foreign exchange trading

(Originally posted at Toomre Capital Markets.)

Every day, around $2 trillion of currencies are traded, dollars, yen, euros, as spot trades, as well as various types of derivatives, including forwards, forex swaps and options. This sort of volume makes the $200,000 traded daily on the Second Life spot exchange seem particularly small. However, with Second Life’s economy at least tripling annually, it may well be a market worth exploring in detail.

There are various things needed for an efficient market. First and foremost, you need good market data. Second Life provides some good economic data on a daily basis, but is it possible to get this data on a real time basis? Could we set up a market data feed?

At TCM, we look at how to pull together emerging innovations in the financial services industry by thinking outside of the box. Read more to find out what we’ve done so far with Second Life and how it could be used with other emerging tools.

Opening of Congress in Second Life



Opening of Congress in Second Life, originally uploaded by Aldon.

I'm sitting in Second Life taking pictures and videos of the opening of congress as it is viewed from Second Life.

Heavy.com and the dangers of social network investing

Wednesday’s Tri-State Tech Wire newsletter had an article about Heavy.com raising $12.8 million in its fifth round of venture capital. Over on Don’t’ Go South, they claim the number is $12.3 million and question the wisdom of the business model. “Working your ass off to run a content portal that does $10M in ad revenue and costs $11M to operate is not exactly the golden ticket to paradise.”

Yet there is a bigger problem for Heavy.com. Over on a mailing list of videobloggers, Casey McKinnon, Executive Producer of Galacticast writes, “We found out today that MyHeavy.com has been re-posting our videos with a huge pre-roll banner ad and a second huge ad surrounding the video when it plays (all without our permission or knowledge).”

Upcoming Events in Second Life

More and more, I’m getting invited to events in Second Life, and I thought I would highlight a few of them here. This afternoon, at 5 PM Eastern, Social Signal is opening their practice in Second Life at the TechSoup Space on Info Island. Friends have spoken highly to me about Social Signal, and so while the event sounds a little like the opening of a consulting firm, it seems like it is work checking out.

Then, tomorrow, at noon eastern time, Second Life Capital Hill will usher in the 110th congress. I hope to attend and perhaps blog and/or videoblog some of the event.

Later in the day, RootsCampSL will have their weekly meeting in SecondLife. I look forward to seeing several old friends there and talking about what progressives can do in SecondLife.

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