SwapThing.com My Thing for Your Thing – Free to join, free listings. is another facet of internet economy. Swap whatever good/service that you want to offer with another person who has the good/service that you need. Once can swap a dishwasher with musical instrument. financial advice with digital camera, logo creation service with a laptop. the list is endless.

Interesting aspect is that the concept of money is born precisely to solve the problem of ineffciencies in barter system. The issue everytime we swap things is we will peg the value of the goods to a certain monetary benchmark. If there are mismatches in monetary value during the swap one will start looking elsewhere for a better monetary value.

Having said that i think what make this concepts work is the ability of the internet to bring together people from different geographies. The good/service that nobody wants to buy from me in one city must have a customer some where in the country. These are individual and specific needs for which it is difficult to create a market as each need or want is different from the other. Meanwhile I am planning to swap my old CD player with any date service ??