This is How TRUST Replaced Money

“this will change the way you see whole concept of currency”….said Fido!

image retrieved from https://static.pexels.com/photos/7289/animal-dog-pet-sad.jpg

Trust between strangers is the currency of the 21st century. Trust can now get you tangible things like money can, and it can hold a lifetime of value. So is TRUST replacing money?? People are starting to recognize that the reputation they are building up creates value according to Rachel Botsman http://rachelbotsman.com/

I rented a citybike the other day in NYC, and I had to run to a tech meetup in the evening. I didn’t have time to return the bike off at one of those drop-off locations. My only choice since I was short for time was to give it to a stranger that was walking in the same direction and beg them to return it. I was taking a chance that this person would not steal my bike, but after really understanding the statistics, it is excitingly observed that Trust is rising up as the new glue for collaboration. We are presented with the opportunity to take a risk in a safer ecosystem. As we do, we are abandoning old formats and embarking on something more adventurous. We are being called to rise to the occasion. Instead of apathy, we are actively participating and leaving a mark on the community around us.

As these platforms bring people together to SHARE, our stereotypes start to get silenced. When you are forced to engage with others, you no longer see them the same. Coca-Cola Middle East recently released a social experiment wrapped up in their advertisement. They had four men seated who were asked to describe one another based on how they’ve introduced themselves. When the lights came on they realized how heavily they stereotyped the others based off their assumptions. It’s fascinating to watch when the lights turn on and they realize how their assumptions about each other were completely off. Here is the link:

http://designtaxi.com/news/377569/New-Coca-Cola-Ad-Shows-Labels-Are-For-Cans-Not-For-People/#ixzz3hguZrx6a

Trust and the capacity for it tends to level the playing field. If the struggling student now has access to the same tools (car, home, toys) as the wealthy business man, it bridges the gap. They begin to have common ground and shared experiences that were not possible before.

Access over ownership can be humbling, but also wildly empowering. If we find our worth in what we have then it has the possibility of being taken away. It is fleeting and subject to the unpredictability of the economy. As Americans, we tend to focus on what we don’t have. We focus on the gaping holes where the things we want are mission while losing sight of the great abundance we actually possess.

Image retrieved from http://www.pexels.com/photo/nature-sunset-person-woman-6555/

If we don’t look at things as status symbols, but tools to connect and help others have fuller lives then we win. Our eyes shift from things and fall on people.

PEOPLE CREATE TRUST

image retrieved from http://www.pexels.com/photo/city-sunny-people-street-2752/

With new access to things we can’t presently afford, it feels as if the world opens up a bit more. The freedom to be able to try an instrument and see if you are as musically inclined as you remembered being as a kid is priceless. The opportunity to rent camping gear to have a vacation in the mountains and not have to purchase a ton of gear is thrilling. It’s exciting to see the tide of transformation rolling in. We don’t have to be cut off from trying new things and getting out there. Our financial standing should not be a roadblock to living an abundant life.

Renting is so practical yet under practiced. If I have something you need and it’s just sitting in my basement what a travesty. And if my life would benefit from that bike you bought five years ago and still haven’t rode lets do something about it. We need to spread the wealth that we have instead of letting it waste away.

The key factor that has allowed the peer to peer renting economy to flourish is the shared feedback. As we grow these places of connectedness, integrity is crucial. These platforms have become a place of accountability. If you a high ranking seller on eBay others on the site will know. When you are a kind and helpful host on Airbnb the community reads about it. Yelp has the power to close businesses based on their accumulation of bad reviews.

While we embark on this new territory of renting instead of buying, our practices follow us. The standards and expectations are high as they should be. The golden rule comes into play. Do unto others as you would want done to you. If you are rude to your Uber driver the other drivers will know and may refuse to pick you up at 2am when you are desperate for a ride. You don’t have the liberty to be a jerk because your review will follow you and haunt you. It helps separate those who want to add to the community from those who are just trying to take advantage of it.

So Let’s Just Get ALONG!

Image Retrieved from: http://www.pexels.com/photo/man-woman-friends-friendship-6841/

Say hello to us at SHAREFLO when you get a chance! Rent Anything, Anytime from local trusted users. Collect experiences, not things! GET EARLY ACCESS here: http://bit.ly/SHAREFLO

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.