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Preface
Centralized systems are not natural to Free Market Enterprising. They nurture into existence and foster privilege that is maintained by collusion. Centralization erodes the liberty necessary for 'creatives' to “dance like no one's watching” And Bitcoin's defiant decentralized stance to the rampant corruption of today's economies is another "shot heard 'round the world" for the rights of all peoples. Shortly after Bitcoin launched it was plagued by 'posers' forming centralized exchanges catering to buyer's wanting more simple means to acquiring coinage; regardless, the cost to privacy and liberty. Friction with these centralized Alternatives led to superfluous regulation as these companies showed their colors. Taking liberties with investor resources and rights; such as, robinhood.com censoring trade as twitter, FaceBook Google and more censor speach, these massive influencers attack the very heart of Free Market Enterprise. Basing opportunity around 'Privilege' is a tenet to centralization and it negates the equality necesarry to liberty. Counterintuitive to a Bitcoin culture, this very same premise was behind the call for the first decentralized government where a people are governed of, by and for themselves on democratic principle. What is now needed is a platform of actual commerce utilizing the freedom based imperatives of privacy, trustlessness and fungibility that Open Ledger expounds. There IS a path to this free market and an existing 'alt' economy ripe for converting, right in front of us. Premise Decentralizing with open ledger technologies is important to a "pursuit of happiness" for insulating commerce from peddlers of influence and privilege which erode into discrimination, collusion and corruption. As peddlers of influence create bottlenecks around supply, whether Bitcoin or bananas, they discriminate between providers to affect supply, demand and therefore pricing. To protect and justify their tacit discrimination they must create oversights and regulations leading to their competitive advantage and position of cartel. This is the very phenom behind the Clayton and Sherman anti-trust acts that were formed to prevent monopolistic business practices. Today, however, these laws are largely ignored at the expense of the users of supposed free markets. Discrimination is never an expressed objective. A cartel may claim to be 'too big to fail' so authorities may enact a 'bail-out' and unwittingly enable the wholesale elimination of that cartels competition. This happened in 2007 when 'Big banks,' reeling from a sub-prime lending crisis, crashed and the government bailed them out with money the banks used in buying their competitors. It is happening now as Big Box stores use a 'Pandemic' to edge out smaller "non-essential" businesses. Adding insult to injury, non-essentials are compelled to crawl to big banks to survive. Decentralization, as a safeguard of free markets, needs a dedicated platform of commerce governed in open source accounting to a vested member base of licensed users. In a unique system of Sharing that measures a quality in one's participation to determine a new end value of reputation, this platform would not convert members into product as big data does today, but liberate these providers and their customers with privacy. This platform may value purpose before profit utilizing capitalist principles to affirm and reward a social conscience in residual to profit from revenue. In capitalistic contrast to China's social mandates on reputation scoring (which promote privilege) this platform would promote reputation to accrue 'honor' (as coin) spent on perks designed by fellow members, not a central regime. All elements comprising such a platform are currently utilized. Such as, barter, 'Share' (disruptives), open ledger technologies, ratings systems. This platform can form these to a Business for Business (B4B) system of Share and save members over 50 percent in revenues. Abstract This is a White Paper on procedures and policy of a platform uniquely compiled from existing methodologies, technologies and industry segments to eliminate FIAT transaction fees from Barter, 'Share' and Co-operative platforms while culturing the:
Particularly unique to this platform is:
A Blue Paper - on technologies utilized in this platform - will be available after initial seed and crowd funding and before Air Drop of "Cascading Accounts." The Blue Paper will include in depth information on: a native coin, nature of funding co-ops, algorithms for transactions and mining as well as, reputations, the creation of benefits, 'vesting' of miners, electronic wallets and operating as a decentralized exchange. This is a new class of platform designed on principals of Share from a perspective of business on purpose before profit. It supports the heritage of artisans and entreprenuers and revitalizes economy via their majority number which grows exponentially as more and more gig platforms are built. This is a first in class platform of actual 'Sharing' where barter, disruptives and brick and mortar convene. This paper will define this unique convention and how Share, Barter, Gigs and Co-operatives forming a Members-only bond will:
In reading you will discern how B2B levels up to B4B, in a Share concentric and value axis of: purpose driven reputation based in an open source environment, to flourish in tandem with FIAT economy on a course for autonomy. eBitome A new methodology in Provider interaction utilizing a measure in Reputation to drive perks and benefits for members. This measure will:
Introduced to the multi-billion dollar Barter Industry, this New Measure will eliminate fees in excess of 15% and break down walls between competing networks by utilizing one map instead of market making cartels of brokers. It will also eliminate the practice of brokers in keeping 'managed' or 'hidden' accounts from members and increase member transactions for lack of fee friction. In addition to the Barter industry, this New Measure would merge the highly liquid Disruptive businesses with barter networks to:
For example: A Hardware store has a policy to deliver additional paint to the home of a customer who discovers they are short. On eBitome, additional paint can be delivered by a Rewards member in the vicinity, who in turn is paid or Perked accordingly.
This platform will assimilate barter networks, share (disruptive) platforms and Cooperatives with a native coin of reputation that translates into Tokens of honor initially issued in crowd funding eBitome. History 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 me over 12% cash per transaction. In March of 2010 a lady told me of a new thing her son was doing, mining Bitcoin. I looked into, but at the time the closest café accepting Bitcoin was 3000 miles away, however... The 12% cash fee for bartering had met its silver bullet! I began studying decentralizing 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...
Second epiphany: Share and Barter are each other's missing link! Lastly, while researching cooperative development utilizing public participation, in 2007 I Copy Righted a paper on how to fund production of film through public votes. This was the precursor to crowd funding as used at Initial Coin Offerings for cryptocurrencies and will be for the IEO of eBitome. In action eBitome will improve business transactions by:
Adoption is a short curve:
eBitome will incorporate:
The platform will grow in phases:
As the platform matures:
Platform guides: eBitome will be a members-only platform to allow the controls that open sourced management should have. The eBitome platform will have a prime directive to support and fund decentralized entities and opportunities. The platform will maintain its own decentralized exchange. As a member only platform, rights of participation can and may be revoked according to the quality of a members participation. 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 or that have been donated by a member. In fact, donors may not expect a return, not even in the form of a write off or Charitable Receipt used in FIAT accounting. 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 which may or may not reflect a score you have received as a licensed member. eBitome It Pays to Share
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