Tuesday, March 13, 2007

Definition Of Money

preumble:

What is money ?
This was a common question for everybody.

Base on wikipedia: Here's the answer:

offers various definitions for money, though it is now commonly defined as any good or token that functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of debts. Money also serves as a standard of value for measuring the relative worth of different goods and services. Some authors explicitly require money to be a standard of deferred payment.[1] In common usage, money refers more specifically to currency, particularly the many circulating currencies with legal tender status conferred by a national state; deposit accounts denominated in such currencies are also considered part of the money supply, although these characteristics are historically comparatively recent. Money may also serve as a means of rationing access to scarce resources and as a quantitative measure that provides a common standard for the comparison and valuation of quality as well as quantity, such as in the valuation of real estate or artistic works.

The use of money provides an easier alternative to barter, which is considered in a modern, complex economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs are of equal value, before a transaction can occur. The efficiency gains through the use of money are thought to encourage trade and the division of labour, in turn increasing productivity and wealth.

So, How Wikipedia still keep running? Are they wealthy ? or they still need to be donated?
here is the question too:

Does Wikipedia really need money to keep on running? Probably, yes. It is one of the most visited destinations online (I’d say 30% of my daily surfing is on Wikipedia—checking out episode recaps of my favorite shows). And that amount of traffic requires a ton of processing power, bandwidth and people to make sure nothing screws up. But should Wikipedia really have difficulty sourcing funds? I think not.

After all, as I just said a few sentences ago, Wikipedia is one of the most visited destinations online. and it’s only reasonable for a site of Wikipedia’s stature to be able to raise funds easily.

However, it may not be that easy for Wikipedia to find a good business model. First and foremost, it’s seen by the public as a trustworthy and authoritative source of facts and information. Wikipedia practically controls the truth. Now any monetization activities might just taint that reputation. If Wikipedia starts to get corporate sponsorship, then there is a risk that the site gets branded as a sell-off (possibly biased towards the interests of the advertisers). If Wikipedia gets acquired/bought by another company (say any one of the biggies like Google, Microsoft, News Corp, etc.), then there is also a high likelihood that the site might be seen as serving the interests of its new owners.



Oops.. someone has donated them :

Here, read this carefully !


http://douglaskarr.com/2007/01/25/can-i-get-my-money-back-wikipedia/

Do you trust that guy ?

Comment by users:

stick to claims I have made in the past (here) that Yahoo needs a blog platform, and in the Wiki area they have Yahoo Answers. I think Yahoo is becoming the new AOL, main stream and not to geeky. Your Joe average platform.

Google has everything (so far IMHO) and has Jotspot. GOOG is working hard at becoming the MSN for small companies, and will gather much of knowledge for own further development by targeting that sector.

Where is Amazon/Bezos in this picture? To me Amazon (reviews) have lately become the new CNET. I hardly ever read professional reviews anymore. Engadget and Gizmodo are pretty close to the status of professional platforms (read magazines) too. I already left (have always said I tend to leave before anyone else does).
But Amazon reviews have bite IMHO and S3 will become the platform to watch (surely now RoR properly works together S3).
You feel it coming : Amazon will become the new uber (ugh I said it) geek/nerd platform.


Another stupid prediction of mine? No, watch my words.

Or perhaps Google has plans for eventually gobbling up Wikipedia, too, sometime soon. It’s always a possibility, especially given that Wikipedia seems to be looking for a more sustainable business model. Tags: google, Gossip, new media, reference, resource, social media, The Internet, Useless Reading, WikipediaShare and Enjoy:These icons link to social bookmarking sites where readers can share and discover new web pages.

Here is a simple money:
A dollar is a kind of money. Many countries have named their money the dollar, so in an encyclopaedia article it is important to say which country the dollar is from that is being talked about, for example, the United States dollar or the Canadian dollar. The symbol for the dollar is a capital letter S, pierced by one or two vertical lines: $.

The dollar is named after the thaler. The thaler was large silver coin first made in the year 1518. The thaler named after the Joachimsthal (Joachim's valley) mine located in Bohemia (thal means valley in German).












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