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open industry platform of providers Sharing, b4b, to earn reputation for residual benefits

8/1/2018

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Preface
Bitcoin was a second "shot heard 'round the world" when it made a stand against centralized controls that creep into our lives to erode the liberty on which our creativity depends so we might “dance like no one's watching” and devise the solutions to challenges nature and culture throw upon us.

Not long after it's launch however, Bitcoin was plagued by opportunists bent on capitalizing from the new fin-tech 
by acting as 'collector-distributors' of the wealth by holding the keys to all our individual kingdoms just as traditional banks do. These middlemen, these 'central' figures, are counterintuitive to the decentralized movement of Bitcoin.

The public needs a practical platform on which to utilize block chain in daily commerce where business and residents may transact in the same language to bridge the last mile of 'social economics' where Gigsters and Corporations seamlessly interact.

Premise
Decentralizing with open ledger technologies is important to our "pursuits of happiness" for how it insulates commerce from peddlers of influence, privilege, discrimination and collusion. These peddlers form cartels of supply, be it Bitcoin or bananas, serving to discriminate between providers by injecting oversights and regulation detrimental to free market enterprise.

Discrimination, however, is never an expressed objective. A cartel may receive preferential treatment for being too big to fail. A treatment authorities may enact as a 'bail-out' and unwittingly enable the wholesale elimination of that influencer's competitors. This happened for the 'big banks' in the 2007 crash and big Boxes in the 2020 'Pandemic.' And adding insult to injury, the "nonessentials" were then compelled to crawl back to big banks and boxes to survive. 

Decentralization needs a dedicated platform of software, hardware, services and citizens (Not Users) cultured for the purpose of decentralized values. A platform self governed via open sourced management by a vested member base. Not the usual platform of FIAT ends, but a new platform utilizing a system of commerce endemic to an Open Society.  A system tallying Shares, not Sales, to measure a quality of one's participation in value of their reputation.

This platform will value purpose in kind with profit and in tune with capitalist principals. It will affirm the relevance of ones social conscience without threat of punishing their standing to encourage a will with hope.


In capitalistic contrast to China's socialist mandates on reputation scoring, promote privilege; this platform will generate reputation and accrue 'honor' to be spent on residual benefits as members choose.

All elements comprising such a platform are currently working elements of industries at large. Barter, disruptives, open ledger technologies, ratings systems... all exist. This platform will uniquely unite them as a Business for Business Share alternative to current platforms charging members 12-50 percent. 

Abstract
This is a White Paper on procedures and policy of a platform uniquely compiled of existing business models, methodologies and technologies to eliminate FIAT transaction fees from Barter, 'Share' and Co-operative platforms, while funding the same. This Platform is unique in how it promotes a new culture in:
  • Sharing inventories
  • Building reputation
  • Garnering honor
  • Acquiring benefits

Particularly unique to the platform are:
  1. Development and distribution of benefits per reputation
  2. Bridging the 'last mile in social economics' as members fill Gigs required of industry and distribution.  

A Blue Paper - on technologies utilized in this platform - will be available after initial seed and crowd funding and before Air Drop of proprietary "Cascading Accounts."
This Blue Paper will include in depth information on: a native coin, nature of funding co-ops, algorithms of transactions, reputations and honor; as well as, the benefits creation, 'vested mining,' ewallet and hard nodes, and tenured membership. 

There has never before been a time for such a platform and this actual 'Share' platform for barter, disruptive and brick and mortar commerce will be a first in class.


This paper will define a unique platform where Share, Barter, Gig or Contract Labor and Co-operatives form a Members-only bond that:
  1. Accounts for Reputation
  2. Honors Reputation with residual benefit
  3. Bridges the last mile in social economic to Open Society

In reading, you will discern how B2B levels up with a B4B-Share concentric on a value axis of: purpose driven, reputation based, open source; to flourish in tandem with FIAT economy on a course to autonomy.


eBitome

A new methodology for provider interaction based on measures of Reputation from participation as opposed to solely that of profit from revenue, in creating a more effective guard against the challenges to free market by centralized constructs.

This new measure will:
  • Determine Reputation as: "an ability and willingness to be involved, productive, creative and committed to a more broad and socially conscious purpose.
  • Calculate reputation in a manner commiserate with a rating consensus and enhanced by algorithms designed for the block chain that are commissioned by tenured and vested members.
  • Facilitate commerce between members
  • Produce residual benefits on which members spend 'honor' accrued from 'reputation'.

Introduced to the multi-billion USD Barter Industry, this New Measure would eliminate transaction fees of over 12% and break down walls between competing Networks with one map of all Providers. This huge step in decentralizing Barter allows businesses the luxury of a full database of members, once coveted by brokers for job security. 

This decentralized map will eliminate the practice of central brokers in keeping 'managed' or 'hidden' accounts from members that dilute their very own alt currencies when brokers print and spend their currencies at will. Beside unifying networks on one decentralized platform, transactions between Member will increase from lack of fee friction, as it often cost less to dispose of a product than to pay a broker transaction fees on top of member fees, dues, taxes etc.

In addition to the Barter industry, this New Measure would merge highly liquid Disruptive businesses with barter networks to:
  • Recapture up to 50% of revenue from existing platform fees
  • Overhaul old school accounting with open ledger technology
  • Enhance supply tracking
  • Promote the Last Mile in Social Economics with Gig/Contract labor

This last benefit in, 'promoting the last mile of social econ' is accomplished, in part, by enlisting the existing Members of Rewards Programs at retailers to compete head to head with the likes of Amazon and Alibaba.

For example:
Ace Hardware has a policy to deliver additional paint to the home of a customer who finds they didn't buy enough after they started painting. On eBitome, additional paint can be delivered by a Rewards member in the vicinity who Ace could Pay or Perk (at the time of this writing Ace pays cash).
  1. Citizen shops the Ace web site (or the eBitome map)
  2. Ace picks up the order and broadcasts a delivery opportunity to Rewards members then Gigsters nearby (Prompting the Gigster to become an Ace Member for additional advantages to them and Ace)
  3. Delivery person is perked and/or paid - while receiving a boost to their Reputation and residual benefits
  4. Ace sales grow (as well as, Reward Membership)
  5. Ace becomes a bigger threat to big box competitors
  6. Like Ace, any retailer can download the eBitome App to register their Reward Program or create one with Perks and Pay for their Membership

Cultural shift enables this platform opportunity
The "Click n Accept" culture has retooled the scruples of users as strangers rent a room, catch a ride etc. without compunction over it not being an established business.
Even when lured by miss-information such as: 'your personal information will never be, shared, rented or sold without your permission,' the public continues to log on and have their rights and privacies abused. But this bad habit can be put to good use as the public Click n Accept eBitome and rehabilitate their rights.



History and creation

As a liquidator of luxury hotels I purchased furniture, fixtures and equipment (FF&E) that I sold, donated or traded on barter networks charging over 12% cash per transaction. In March of 2010 a lady told me of a new thing her son was doing, mining Bitcoin. For practicality, the closest café accepting Bitcoin at the time was 3000 miles away, but...

The 12% cash fee for bartering had met its silver bullet!

I began studying decentralization with Bitcoin (at the time, the only cryptocurrency) and the compelling advantages surfaced
  • Elimination of transaction fees from barter (and, now, the gig provider)
  • Streamlining logistics of supply chains
  • Inherent privacy to limit corruption and unsafe exposure

​Moving ahead a few years, AirBnB and Uber were Disrupting established markets and adopting the title of Share Business to soften their image when key points came to mind...
  1. These aren't Share or decentralized businesses at all, but centralized platforms gauging providers as much as 50% of revenue
  2. Providers on these platforms offer the Barterer's dream - highly liquid hospitalities (cafes, rooms and rides)
  3. Barter's dollars have proved alt currency works at a a much higher fee, so recruitment of drivers, home shares etc is probable

Aha! Moment: disruptive Share and brick and mortar Barter are each other's missing link


Earlier, in 2007, while researching cooperative development utilizing public participation, I Copy Righted a paper on how to fund production of film through public votes. This precursor to crowd funding would be utilized in Initial Coin Offerings for cryptocurrencies as it will be an IEO for eBitome.

In action eBitome will improve business measures in transacting by:
  • Converting Barter Dollars (FIAT) to open ledger technology
  • Mining with Nodes operated 'in house' by members, for additional assurances
  • Assimilate Disruptives into proven model of Alt Currency utilized in barter
  • Create a true Share Economy of B4B likened to outsourcing overhead from member donations

Adoption is a short curve:
  1. Barterers currently pay huge fees for transactions that will now be free
  2. Any member of any network may participate
  3. Contract or Gig Providers already provide on multiple platforms (such as driving for Uber & Lyft or listing homes on AirBnB and VRBO) an additional platform that is virtually free will be a welcome resource

eBitome will incorporate the use of:
  • ​​Cascading Currency  ( A seeding of new members with units that materialize each time they Share)
  • Tenured members ( those who fully harvest their Seed)
  • Tenure and Vested to manage platform in open manner like a GitHub for policy and procedure
  • Members will mine currency utilizing mobile Wallets and be perked for doing so at tenure

The platform will grow in phases:
  • Initial private funding - seed money for coin and App design
  • First round crowd funding - to recruit Barter, Ride and Home Sharer's

As the platform matures:
  1. Switch to Tenured management
  2. Privatize mining to members only
  3. Develop benefits through tenured in:
    1. Health care
    2. Communications
    3. Vacation


eBitome will be a members-only platform.
The eBitome platform will have a directive to
 support, fund and seek to do business primarily with decentralized business and opportunities, with a design toward open sourcing society for research and exploration.
The platform will maintain its own exchange for donors in cryptocurrencies that are perked with our native coin, eBitocoin, which is exchangeable at market rate with any member.
As a member only platform, all rights of participation can and may be revoked according to the quality of a members participation. Such a revocation may or may not be reversed upon request of the revoked. This prospect of revocation is necessary for the intrinsic value and harmonious operation of the platform. 

eBitocoin is not a security or currency. It represents only an indexed measure of a members' quality of participation relative to all other members on the platform.
Receiving from the Shared pool of goods and services is not an entitlement of members or in equivalence to the FIAT values of such goods and services at large. In fact, donors may not expect a return, not even in the form of a write off or Charitable Receipt used in relation to any FIAT currency.


ALL PERKS FROM DONATIONS ARE USABLE ON eBitome.com ONLY.  
eBitocoin is a Quotient of value devised by Reputation from 
such Dividends as, but not limited to: ability, willingness, regularity, ingenuity, initiative, responsibility and participation on the eBitome platform.
eBitome does not a direct reflection of the FIAT market value of goods which may be exchanged; regardless of how each provider/member accounts to the values of their goods and services.


Public Support
eBitome welcomes support in the form of cryptocurrency donations toward building our decentralized exchange and platform. As a token of appreciation, donations will receive eBitocoin in commemoration. These have no redemptive value aside from being Shared with members willing to accept them on basis of Reputation which may or may not reflect a score you have received as a licensed member.




eBitome
It Pays to Share
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