Rachel Botsman: The currency of the new economy is trust

There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills. Rachel Botsman explores the currency that makes systems like Airbnb and Taskrabbit work: trust, influence, and what she calls "reputation capital." the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Comments

1. lol why would you take advice from someone who plucks out their eyebrows then can't even draw them back in convincingly. Use some common sense, you mindless morons.
2. Love the concept and can see it happening - just never thought of it :)
3. Estamos vivendo no que eu chamo momentaneamente de economia colaborativa.Isso não seria por acaso um novo tipo de capitalismo,ou porque até mesmo não chamarmos isso de sociedade solidária com comunhão de recursos?A idéia é brilhante!
4. This makes me sick inside. This gives people no elbow room to mess up, this forces people to be meek, this puts people in constant fear that the next person might rate them badly and worst of all that fear crushes everyones creativity. She is essentially talking about the application called people. Rate this comment up so everyone knows what she is actually talking about.
5. Wonderful concept and this will happen. well done Rachel.
6. Hello, I speak Spanish and would like to know some things about the video, could someone answer me these questions?
   1. What is AirBnB?
   2. What is technology creating in the market?
   3. What is collaborative consumption?
   4. According to Rachel Botsman, what is collaborative consumption really about?
   5. How does Task Rabbit work?
   6. How will virtual trust transform us?
   7. Define Reputation Capital.
   8. Please name 3 companies mentioned in the talk.
   9. At the end of the video Rachel says the following: 
   “ New trust networks, and the reputation capital they generate, will reinvent the way we think about wealth, markets, power, and personal identities in ways we can't even imagine”
   Do you agree with this statement? Yes, No? Why?
7. nice
8. Commerce on a different level. No change to how things are operating today, i.e. money paid in exchange for doing a job. Giving with no obligations attached is the only answer, but that is much easier said than done.
9. airb&b Uber wil be dead in 3 years.
   They will both do an exit, run somewhere with the millions they made and start something new.
   And we will be back at swapping cows for potatoes like 200 years ago among local cooperation's with no profit years ago.
   Nothing new, just a new way of monetizing something that already existed.
   
   And in the meen time we the actual people who thought sharing was good are now ripped of by non tax paying, no labor insurance, and no responsible taking millionaires like always.
   Trust on the internet, hilarious, btw i sell reputations anyone intested ? :P
10. Thanks Rachel. Ideas of trust, gratitude, or collective are always good to hear.
11. Trust no one - tupac
12. its either this or eternal debt. and we need to move quickly.
13. Holy shit, she's like an extra hot Sandra Bullock!
14. Amazing, undoubtedly the future is our social networks and reputation will be our greatest asset.
15. Kapitaltruth - I would like to know more. Please google my name and email me. Dan Corrao
16. You guys should check out this EXTRAORDINARY website called FIREPA.COM . You can make money online and start working from home today as I am! I am making over $3,000+ per month at FIREPA.COM ! Visit Firepa.com and check it out! The cork views the copy. When does the delirious memory map the ray? The attempt tutors the profuse representative.
17. kapitaltruth dotorg
18. Congratulations. Very interesting. I am developing a program to establish electronic and social currency issues. With this money you can earn, pay or save. And you can also earn with better evaluations of others based on a questionnaire of human axiological values and everyday behavioural attitudes. Another feature is that the total amount of issued eCoins is foundationally closed. Thanks.
19. The gal is litlle nervous. She shouldn't be though she is dealing with amazing stuff. TRUST
20. yes it would, now if only you could work for a living and stop sucking the meat of your man friutcake lover!