Let's think about it.
Ray Dalio defines an idea meritocracy as a decision-making system where the best ideas win out. To have such system people needs:
"
I was reflecting on that and it dawned on me that the concept applies to this oasis, but in a different way. The best ideas do win out, true. But if we go further, the ideas/posts that provide more value, win. Even further, the forum values people that give the most.
"What is value meritocracy then?". Great question.
Value Meritocracy: a self-regulated system that rewards givers - people that drop value for FREE, just for the sake of helping others.
How does the reward system work?
How does the self-regulation work?
Examples of Valutocrats:
- @MJ DeMarco - The Unscripter, has a great appetite for Bro-marketers and gurus.
- @Vigilante: well, the vigilante
- @SinisterLex: the persuasive writer.
- @Andy Black: the ad guy, EVERYWHERE on this forum, working in the shadow
- @Fox : the Web Designer guy
- @eliquid : SAAS master
- @amp0193: Ecommerce dude
- @IceCreamMan
....
(and many others)
Ray Dalio defines an idea meritocracy as a decision-making system where the best ideas win out. To have such system people needs:
"
"1) Put their honest thoughts on the table for everyone to see,
2) Have thoughtful disagreements in which there are reasonable back-and-forths in which people evolve their thinking to come up with better decisions than they could come up with individually, and
3) If disagreements remain, have agreed upon protocols that get people past them in idea-meritocratic ways.
I was reflecting on that and it dawned on me that the concept applies to this oasis, but in a different way. The best ideas do win out, true. But if we go further, the ideas/posts that provide more value, win. Even further, the forum values people that give the most.
"What is value meritocracy then?". Great question.
Value Meritocracy: a self-regulated system that rewards givers - people that drop value for FREE, just for the sake of helping others.
How does the reward system work?
1. Likes & Rep Bank: Correlate with the amount of value added
2. Badge: Speedway Pass and Legendary Contributors
3. Authority (or Believability): The legends that come to mind when we think about one area
4. Potential business: I think @Andy Black was asked to create a course?
5. Be open minded and willing to learn & people will help you.
2. Badge: Speedway Pass and Legendary Contributors
3. Authority (or Believability): The legends that come to mind when we think about one area
4. Potential business: I think @Andy Black was asked to create a course?
5. Be open minded and willing to learn & people will help you.
How does the self-regulation work?
1. Add value and you might have a Notable/Gold post
2. Attempt to take without giving & you will get exposed
3. Be a guru and you will be eaten alive.
Hum... hum... hum....2. Attempt to take without giving & you will get exposed
3. Be a guru and you will be eaten alive.
Examples of Valutocrats:
- @MJ DeMarco - The Unscripter, has a great appetite for Bro-marketers and gurus.
- @Vigilante: well, the vigilante
- @SinisterLex: the persuasive writer.
- @Andy Black: the ad guy, EVERYWHERE on this forum, working in the shadow
- @Fox : the Web Designer guy
- @eliquid : SAAS master
- @amp0193: Ecommerce dude
- @IceCreamMan
....
(and many others)
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today