A Culture of Sharing-Finances
Jonathan Brown, Alex Ribble, Stacy Kennedy, Daniel Crites, Dylan Tweedy, and Corey
Q: Does culture sharing promote trust?
A: Building trust in the finance area of the internet is a hard thing to do in this day and age. Trust
is high-risk for a few reasons. The main being that on sites such as Kickstarter.com, a project
may get fully funded, but the project manager may not finish the project, or use the funds how
there are intended. Although it is high risk trust, the outcomes of sites such as KickStarter and
GoFundMe are beneficial to the community and economy.
Q: Does easy access to digital content promote theft, or has the value of content changed?
A: Finance does promote change, but you can get scammed by false products such as some
project managers giving false promises to their contributors and giving out a watered down
product to them from sites like GoFundMe.com. The value of the ones that are truthful to their
contributors have given out something more than they promise if they get more money than
Q: Are there other forces like the economy and the environmental state of the world that play a
role in promoting a culture of sharing?
A: Online shopping has had a massive effect on the global economy because consumers can
purchase goods/services from anyone across the world via the internet like Amazon or Ebay. It
can be a risk to expose one's idea to the world, allowing for someone else to steal the idea or take
Sources: KickStarter, GoFundMe, Etsy, Ebay, PayPal, Patreon, Amazon
Strategy summarizing my position and predictions:
My view can be summarized as saying that while there are still risks involved in the
finance aspect, there are also great rewards and benefits to the community. For example, folks
who wouldn’t normally be able to pay unexpected medical bills now have hope thanks to
GoFundMe and similar sites/applications.
I certainly believe that the pace of technology will promote more trust. I remember the
early days of online shopping/banking and the horror stories of identity theft and drained bank
accounts. This was largely due to financial institutions/banks not being able to provide the best
security for their customers and protecting their personal information. Online security was in it’s
infancy. Now, through experience, these institutions have massively overhauled their security
measures, buyers’ rights are more protected while making online purchases (as a seller on Etsy, I
had to jump through some serious hoops to get paid after my first sale), thus allowing for more
trust in the finance realm.