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Preface A second "shot heard 'round the world," Bitcoin took a stance against controls that creep into our lives. Standing for liberty that Makers need “to dance like no one's watching,” so creative juices flow and we can adapt to the challenges nature and culture throw at us. Since its launch, however, Bitcoin and sequels have been plagued by opportunists bent on re-centering their new wealth and power. And on the street understanding of the movement, lags. What the public needs is a practical application to make sense of the improvements by block chain. A platform uniting large companies with residents. A union not only of commerce but also, in culturing production together, where the "last mile of social economics" is addressed. Premise Open Ledger Technology (OLT) is designed to eliminate risks in commerce and logistics that a human element poses to efficiency, security and justice. Decentralizing with OLT is important to a "Pursuit of Happiness" for how it insulates us from unjust exertions of influence, privilege, discrimination and collusion. These vices are used to Centralize control of supply. Be it Bitcoin or bananas, influence serves to discriminate between providers by injecting oversights and privilege that are detrimental to free market enterprise. Discrimination is never an expressed objective. A leader in an industry may receive preferential treatment just for being too big to fail. A preference authorities recognize for a bail-out when they unwittingly enable the wholesale elimination of that influencer's competitors. This happened when Big Banks used bail-out money to buy their competitors and is currently happening with Big Box retailers making advantage of mandates in a 'pandemic' to edge out competitors. Adding insult to injury, the ousted companies are compelled to crawl to big banks for infusion in a vicious cycle that corrupts free enterprise with policy and regulation that are set by those corrupting it. Decentralization needs a platform dedicated to all things Decentral. A platform with a mechanism to support and fund Decentralized ventures. A platform that is self governed by open sourcing management through it's own vested member base. Not an usual platform with FIAT ends, but a new platform utilizing a system of tallying commerce that is more endemic to an Open Society. A tallying that measures a quality of one's participation to ascribe a value to reputation. This platform will create a new value to purpose that is concentric with profiteering, by creating a greater relevance to ones social conscience. This new measure will calculate: reputation for benefits, as opposed to: revenue for profits; in decentralized, capitalistic contrast to China's centralized socialist mandates with a goal in yielding benefit as opposed to privilege. All the parts comprising of such a platform currently exist as working models in their own rights. Barter, Disruptives, open ledger technologies, ratings systems... exist now; and this platform will uniquely compile these as an irresistibly free alternative to platforms charging 12-50 percent per transaction. Abstract This is a White Paper on procedures and policy of a platform uniquely compiled of existing business models, methodologies and technologies to replace Fiat Barter transaction fees of roughly 12 percent per transaction, with free transacting! The uniqueness of this Platform is in how it promotes a new culture (learned behavior) 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." The Blue Paper will include, in depth, information on a native coin, nature of funding co-ops, Algorithm utilized to 'tally' transacting and reputation, the accumulation of residual Honor spent on benefits, mining, wallets and node distribution among vested and tenured members. There has never before been a time for such a platform before today. This will be a first in class. Accounting for such proof of concept as RobinHood.com this platform will be first to market as applies to Barter and Disruptives. This paper will define a unique combination of: Share, Barter, Gig/Contract Labor and Co-ops into a Members-only platform that:
In reading, you will discern how B2B levels with a B4B Open System of Share bringing profiteering concentric on a value axis with purpose driven industry, utilizing Reputation, Open Sourcing, and Open Ledger to flourish in tandem with FIAT economies on course for autonomy from the same. eBitome A new methodology for provider interaction based on measures of Reputation from participation as opposed to profit from revenue, creating a more effective guard against 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 the walls between competing Barter Networks by utilizing one map of Users. This is a huge step toward decentralizing Barter made possible by the ubiquity of barter today. Members know of each other and how to correspond but have never had the luxury of a full database of other members in their own networks (as these were coveted by brokers for their job security). This decentralized use of one map, while eliminating abusive practices by central offices to keep 'managed' or 'hidden' accounts of members (which dilute their currencies when brokers spend at will), will grow rapidly via only two degrees of separation from One coin available to any trader. Beside unifying networks on one decentralized platform, transactions between Member will increase from lack of fee friction. Since, often it cost less to dispose of a product than to pay a brokers transaction fee on top of member fees, monthly dues, taxes... In addition to the Barter industry, this New Measure would merge highly liquid Disruptives with barter networks and
This last benefit in promoting the "Last Mile of Social Economics" can be accomplished, in part, by structuring existing retailer Member Rewards Programs (MRP) to compete head to head with the likes of Amazon by organizing MRP participants to deliver products. 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 to rehabilitate. From the founder As a liquidator of luxury hotels I purchased furniture, fixtures and equipment (FF&E) that I sold, donated or traded on barter networks which charged over 12% cash per transaction. In March of 2010 a lady told me of a new thing her son was doing, mining Bitcoin. The closest café accepting Bitcoin at the time was 3000 miles away, so not that liquid, 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 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! Share and Barter are each other's missing link Earlier, back 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 was the impetus to the growth in cryptocurrencies as it will be in launching the eBitome platform. In action this eBitome will use a New Measure in transacting and
Adoption is a short curve:
This New Measure will develop with:
The platform will grow in phases:
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 businesses and opportunities, with a design toward open sourcing society for research and exploration. The platform will maintain its own exchange for donors in cryptocurrencies being perked with its native coin, eBitocoin. 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, as a Quotient, is a value devised by Reputation from such Dividends as, but not limited to: ability, willingness, regularity, ingenuity, initiative, responsibility and participation on the eBitome platform. It does not directly reflect 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 in support of building a holistically decentralized platform. As a token of appreciation, donations will receive eBitocoin in commemoration. These have no redemptive value aside from being Shared among members willing to accept them on basis of Reputation which may or may not reflect a score you have received as member. eBitome It Pays to Share
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