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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:
Particularly unique to the platform are:
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:
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:
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:
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).
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
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...
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:
Adoption is a short curve:
eBitome will incorporate the use of:
The platform will grow in phases:
As the platform matures:
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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