“The Internet [is] about information abundance. The way to obtain value is not in controlling a scarce resource, the value is to be had in the ability to extract value from the mass of information, by organizing it, filtering it, ‘chunking’ it” What he called an ‘information theory of value.’
“I believe that the shift from information scarcity to information abundance, and from scarcity of feedback from a community of practice to abundance of feedback alters the dynamic of the university as an institution and the role of the new scholar seeking to make a career there. The ‘Academy’ is a concept from a time of information scarcity that needs to adapt itself to the world of information abundance.
- Excerpts from Community-based learning
I would add that this “sifting” is what I mean by “curation” and that my Noted & Quoted excerpts — and social bookmarks, in general — are about curation: collecting what I think are the most meaningful ideas and sharing them.