As I said to you last time we discussed this, I don’t think it is going to work. But NOT for reasons of transparency or lack of it, but because of motivational reasons.

My take is that it will be the small guy that will have to move toward the money, by learning how to communicate more effectively and how to make his know-how sellable to those interested, rather than the emergence of new and more effective micro-payment systems, which have little or no impact on the sustainability of an individual.

I rather expect soon to see a system of trust- and influence-credit-assignment that will allow anyone to transfer credit and value, in very small amounts, to anyone else online, based on the appreciation for the work or information sharing activity done. The value of links that has become the economy of Google rankings will be moving and integrating social credit in ways that will definitely affect also your potential economic value.

I may be wrong, and I know nothing, but this is what I see. 🙂

Thanks for writing about Kachingle.

Kachingle is live now — launched two months ago. You can easily try it out…it only takes a moment to sign up, or explore without signing up.

As the founder, I anticipated your concern — “How can we be sure that the money actually gets to where we destined it to go?”. Kachingle is financially transparent…every penny is accounted for and publicly visible. So each user (we call them Kachinglers) can see exactly which sites their money went to, and the sites see the same view so it’s got to add up! It is also public (unless the Kachingler chooses to be anonymous).

Here’s a blog post I wrote about this: Kachingle is transparent and fair http://blog.kachingle.com/?s=transparency
But you don’t have to take my word for it…you can see this live working now on http://www.kachingle.com.

Many prestigious sites, such as the Center for Investigative Reporting, the Center for Public Integrity, the Pulitzer Center on Crisis Reporting, Carta.info, The Daily Camera (Boulder, CO MediaNews website) and so on have confidence that Kachingle’s system is fraud-free, along with being a source of revenue, and a mechanism for building user loyalty and sending social signals to their colleagues and friends.

If you visit Kachingle you will also see that there is a direct connect made between the Kachinglers and the sites they visit. And this is visible to everyone.

It would only take 5 minutes of your time to actually visit Kachingle.com and check it out. We are not in private hidden beta. We are fully launched in production with 130 sites already participating along with hundreds of Kachinglers.

Our site has an extensive FAQ/Help section and our blog is chock-full of additional info at http://blog.kachingle.com.

Thanks.

Cynthia Typaldos
Founder, Kachingle
http://www.kachingle.com/k/1 (my Kachingle profile)