The way in which knowledge is developed and shared is something new online, but the format seems old. A cycle with active participants captures light knowledge rather than deep understanding; however it turns conversations and dialogue into knowledge development. The tools used for this are a growth from data mining, and now uses tools such as google-docs and knowledge centres like Wikipedia.
It seems like a very Socratic method of learning and gaining knowledge: asking questions, developing answers, and therefore cultivating knowledge. It is like a liberal arts education where people learn a little about a lot – perfect for cocktail party conversations.
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