Banking Through Social Network Cohesion (BSNC).

(A neo banking system – abstract – by IMDAD AHMED, http://imdad.wordpress.com/)A person subscribes to BSNC for 1+ of the following reasons:1) An online bank account that deals not in usury2) To generate revenue (or market ideas) for a new or an extended business.3) To look for and invest in profitable businesses.In details:1) Online bank account that deals not in usury.

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This is a social banking system with 100% reserve ratio.

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It functions democratically, that is for and by people.

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Lending is synonymous to risk sharing.

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Hard money system or barter system is in place instead of fiat money.2) To generate revenue (or market ideas) for a new or an extended business.

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BSNC is a concept through the realisation of the fact that a social web portal provides aplatform for discussion of an idea which could reach out to a large number of people.

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Further more the collection of these people is not random, but it is consistent with theactual network of contacts and weak ties that is centered around a person (who might bethe proprietor of an idea) in her real life.

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This feature of a social web portal could be utilized in business promotion and venturecapitalism.

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A person who subscribes for this reason should give in the details(consisting of standardqueries) of her new/extended business idea, which is shared in a standard format.

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These details pertain to figures such as :

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Type of service/product

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Initial investment

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Production per month etc

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And statements such as :

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Goal

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Cultivation record etc

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Venture of a person gains recognition proportional to number of her owncontacts(immediate and not surreal) testifying to it and/or having a share in it.

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A revenue generation call is meant to attract investors ot invest an amount towards afinancially credible improvement to the business of the person.

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Such a call has a ripple effect on the network surrounding the person in that, that the callgenerates more interest and regard among her closer contacts and this interest recedesthrough contacts of contacts, and contacts of 'contacts of contacts' and so on.

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If a person invests in her venture an amount (equivalent to the weight of gold or a serviceacceptable to both the parties as in barter system), he is made a partner in her businessactivity and is entitled to receive the gains (or share losses) and take part in shareholderhearings.

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This is a self evolving system where trust ability of a person increases with number of contacts, trustees, investments, returns, past record etc.