original definition

Tipjoy have arranged to use twitter as a means of encouraging money flow. Tav suggests that it is illegal, however, there is a possibility that it does work legally. The idea of tipjoy is we can tip anything we see on the net, or anyone. Combined with twitter, we have an opportunity of tipping anyone. If someone comes up with a good idea, then we can tip them through twitter. We can then collect our money by accessing our tipjoy account.

This system is very interesting in that for it to work, there is no real flow of money. If A tips B for $1 and B tips A for $1 there is no cost to the "transaction". In fact, there is actually no flow of money, and hence tipjoy are not acting like a bank and there is actually no flow of official currency. Only when someone takes money out is there a fee, since there is a transaction of real money, or at least with paypal for example.

Can we use this system to encourage a flow of money amoungst ourselves? Perhaps we should be encouraged to put say $25 into the tipjoy account, and we go around tipping each other. Anyone we tip personally should be invited in to this flow of money. There might be an interesting consequence. Perhaps we can tip if we hear a good idea, or if we receive some help. We may also suggest that our tips are based on future ideas, projections. The idea is to spend however much we have in our account on a daily basis. The emphasis is on giving.

What is essential for people to comprehend is that the $25 stays in the collective trust. I have started a trust with mamading, and we invited hannah to take part. The trick is to only invite people we are sure, absolutely sure, will not take the money out. Once we have enough practical trust in one another, once we have played for a month say, and we have noticed how the money seems to flow around, then we may attempt to realise the idea fully, allowing us to take money out the trust. Before this point, we might have to develop some kind of tracking software so we can keep track of the money flow.