Rachel Botsman: The currency of the new economy is trust

The video explores the growing importance of reputation in the digital age, highlighting how platforms like Airbnb and TaskRabbit leverage reputation to build trust and create new marketplaces. It discusses the concept of collaborative consumption, where technology enables people to share resources and services, transforming traditional supply and demand dynamics. The video also delves into the idea of a reputation economy, where reputation becomes a valuable currency, influencing access and opportunities across various platforms.

What was the main reason Sebastian Sandys got a cat?

• To catch mice

• To keep him company

• To protect his reputation

• To entertain his guests

What is the primary benefit of collaborative consumption?

• It allows people to travel more

• It helps people save money on groceries

• It builds trust between strangers

• It reduces the need for technology

What inspired the creation of TaskRabbit?

• A shortage of dog food

• A desire to help people with household chores

• A need for more job opportunities

• A conversation about an eBay for errands

What is the most common task posted on TaskRabbit?

• Walking dogs

• Cleaning houses

• Assembling Ikea furniture

• Grocery shopping

How does reputation affect a TaskRabbit user's success?

• It determines the number of tasks they can post

• It influences their chances of winning bids

• It limits the areas they can work in

• It affects the types of tasks they can perform

What is a major challenge in managing digital reputation?

• Creating a single reputation score

• Finding enough data to analyze

• Ensuring privacy and transparency

• Limiting the number of platforms

What is the concept of 'reputation capital'?

• A system for rating online influence

• A new form of digital currency

• A currency based on trust and reputation

• A measure of financial wealth

How does Stack Overflow utilize reputation data?

• To limit user access to the site

• To rate the quality of questions

• To connect programmers with job opportunities

• To sell advertising space

What is a potential future impact of reputation capital?

• It will eliminate the need for resumes

• It will become more important than credit history

• It will replace traditional currency

• It will reduce the importance of social media

What is the main theme of the conclusion?

• The importance of financial wealth

• The decline of traditional credit systems

• The rise of new trust networks

• The future of digital marketing