The Bank of Facebook

http://www.yourbusinesschannel.com brings you social marketing and Facebook insights from Thomas Power of ecademy.com

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[paulejbuckley]

brilliant as usual Thomas! ;-)

[londondigitalpr]

Love the ideas here by the way. Can't really understand why Facebook has not got further into e-commerce and discount buying way before? Why do you think it is? Do you think also that their actual programming and systems perhaps can't handle more than 5000 friends? There are many 'bugs' which slow it down. Maybe there is more work to be done.

Anyway great ideas! Thanks.

@moniquelester

[Michael Q Todd]

Fascinating insights

[pamelbia2011]

Power to Thomas! It was destined that that's your family name. What a good discussion!

[betsyn52]

Great video and good thought process

[keyworkersdirect]

Great video Thomas Power, the clue is in the name. :)

[John Colley]

Thomas - I agree entirely but what if Facebook went further and launched its own currency - see my blog post at the Six Minute Strategist - Facebook de-nationalises Money - The worlds new reserve currency.

@jbdcolley

[Vorsight]

Wow, first time viewer and immediately subscribed! Great ideas, logic, and explanation. It has been interesting to see Social Media grow in the last 10 years, can't wait for the next 10!

[Asif Anwar]

I like this gentleman (Mr. Power).

But, Peer to Peer Landing is already in practice. That is what Dr. Yunus of Bangladesh got Nobel Peace Prize for. The concept is called Microfinance.

This concept supports the issue of Bank Loan without any collateral. The only collateral is, the Peer Trust. And Dr. Yunus believes that this banking system or Microfinance will become major stream of banking in future.

[impactmediausa]

wow! that is a very eye opening concept

[OurDJrocks]

peer to peer lending... makes you really think about the future

[petermerkle]

The winner of the game is the one with all the names. Hmm, interesting.

So then what you can say is that just as anywhere else you would be creating a list, you would have your database built at Facebook through the magic of social networking?