🧵 View Thread
🧵 Thread (11 tweets)
Trust is both an end in an of itself (part of priceless & sacred connection), and represents potential for future cooperation/collaboration (ingredient for “creating value”). The latter implies that building trust is an investment in future value creation
What builds trust? One answer: Trust is the aggregation of genuine partnership over time. Feels like a different kind of trust from that between business partners, where faith is in social/legal rules + enforcement for transactions, vs people
When I create value, I can theoretically exchange/transmute it into $ and/or trust. So value from, say, creating community/weaving social fabric can turn into income (grants, crowd funding, salary, etc), or trust (faith in purity of intention if I do it for little $/free)
Concrete question: I’ve previously done things that created value/trust, and now want to do a bunch more. Do I try to monetize them or do I stick to volunteer? How do I go about answering this question? Has anyone already answered it? Would it be a valuable research topic?
Corollary: how do you determine the Pareto optimization between income and trust? (assuming one exists) Seems like this is what people who charge to for their good-doing services (and offer sliding scale discounts) are trying to balance
@JohnsonHsieh4 An interesting similar topic is the trust is another way of saying risk. Ie the risk of someone not paying back a loan is the same as the amount you trust them to pay it back. In finance, risk is really the only thing compensated for so trust also should naturally make value