Knowledge is a source of compounding wealth
Knowledge as a form of compounding wealth
By Michael Kreil - Creative Commons Attribution 2.0 Generic
By compounding I mean it builds on itself as you gather more. In essence the knowledge you gain today can pay dividends for you tomorrow (perhaps literally if we can build a proper knowledge economy!). In many of my posts I discuss Agoras and for those who do not know, it is the token funding the Tauchain project. Agoras is intended to be an intelligent market place with a particular special category called the "knowledge market". The challenge here is to figure out a way to capture knowledge from participants and then to monetize that captured knowledge.
If we assume Tauchain works as currently being discussed then knowledge can be captured using a knowledge representation language and the human being who inputs new knowledge into the knowledge base is called a "knowledge engineer". Agoras makes it possible to monetize that process and if that happens then you literally have a market for knowledge and perhaps not only humans will be able to build up a knowledge base.
Before a mathematician corrects me, no it is not an explicit fact that knowledge is guaranteed to compound on itself. It is merely my observation that it does.
Collect those dots as much as you could and with enough dots, you could start linking up those dots to form an unimaginable knowledge base. From then on, it is time to convert the network of knowledge into wisdom. It depends on compounding effect too. A little input a day really makes a difference in the long run.
I think knowledge also increases your wisdom exponentially, thanks for sharing this awesome article.
Right and wisdom is wealth.
With big data and data mining doesn't this give an AI the ability "farm" all digital information on the net "knowledge", and pretty much make human input a moot point ? Thereby decreasing monitisation to said humans that offer information.
Another good post, Thank You.
Read More, Reason More ... JTS
The big breakthroughs, though, come when someone spots a connection in their knowledge from two differing fields, sometimes unrelated. And it's usually due to a creative insight. Will Artificial Intelligence achieve this, there's the question...?
So knowledge=$
No $=?
There's some magic in it I guess.
Math brings us to outer space yo.