Is Peer Banking & Investing an Improvement Over the Blind Fish-Tank Consumer Paradigm?

rich people invest and bank on a peer-to-peer basis if not for the use of technology. is this the solution for smaller capital pools like in the middle class where through advances in technology, an entire banking/investment methodology can be rolled out inexpensively at a smaller scale? an interesting application possible now with the advent of social media is the prospect of banking on an informal social network. consider the social engineering advantage of opening a social media profile to your banking peers, socially engineering banking and investment activities in a geographically dispersed manner, voting on proxies, etc. the very first use of social media network was arguable a virginia corporation known as mitre, which used blogging and research document management along with user profiles to manage a cross-border geographical network of agency participants. it is arguable that even know some proxy investment schemes & wealthier private banking & investment networks are already using informal social media profiles to engineer social networking relationships in order to achieve common investment and financial goals as defined by a common investment structures such as a 401k, mutual fund, proxy voting status within a corporation, or consumer banking institution. consider for example, being able to send a friend request to fellow investor or client at a bank, delving deeper into investment activities at your 401k, browsing through social profiles and pics of peer investors in a once largely vertical socially aware environment.

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2 responses to this post.

  1. this accounting paradigm runs parallel to the proverbial “spook” ideology (i.e. spy) where rich people are cased by attending their informal social parties with privvy of their financial transactions, pictures of them taken with others, # of handshakes, etc. 😉

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  2. an easy trend to spot with this paradigm that would very probably ensue is “demographic investing” meaning pools of demographic peers would probably chunk invest alike. interestingly, some pools may be lucrative and result in queer outcomes in the economy such as the recipients of social security, banking with guaranteed government entitlements of which could create collateral lending mechanisms that would only lend, trade, or hire employees of businesses associated with banks corresponding to this demographic.

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