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Abstract
Free Markets would benefit from a non-profit platform dedicated to recycling write-offs between businesses. A B4B (Business for Business) platform of commercial charity to bolster economy by redistributing write-offs or liquidating goods instead of sending them to landfills, or in the case of vacancies, losing all opportunity. This platform based on a value concentric of reputation, rather than revenue as with B2B, would mine transactions of donations on block chain to calculate reputation of participants, while generating coin to fund social benefits as reward. This reputation-enhanced economic based on merit would be in decentralized, capitalistic contrast to the privilege based model of, say, a centralized, totalitarian model used in China. Utilising Block chain, to pair donations with businesses that can use them as overhead, is a major disruption to the barter industry of over 400,000 businesses using network specific FIAT, "barter dollars," at a cost of +-15% (charged in national currency/cash) per transaction. Additionally, these fees go to brokers who print the trade dollars and maintain hidden accounts of more liquid businesses (desirable), they have the privilege in using before their own members. These deficiencies would be corrected by decentralizing the market with open ledger. This would entail utilizing one map for all providers on which to list their business and giving them the ability to temporarily 'shade' their listing to govern traffic in lieu of a broker manipulating demand with unchecked power. As the value of a charitable donation is declared by market pricing, a coin generated from these transactions would be soul bound to prevailing FIAT values, as it could be to each donor to serve as registry of entitlement to benefits for their reputations, earned. Presently, the mechanics necessary for such a platform exist in the forms of: open ledger, block chain, cryptocurrency, reputation models and barter networks. Collecting these on a soul binding platform, not only displaces trade brokers and their fees in much the same way Robinhood.com displaces security dealers and their fees; but also be more in line wth the burgeoning Gig industry to more readily adopt the proven alt-currency model with transactions mroe kin to its culture. Lastly, building currency with an endemic benefits 'program' eliminates the waste and expense of centrally controlled authorities. In the least, B4B benefits are an alternative opportunity for Gig and small providers to have more control over their future benefits. Introduction In a second "shot heard around the world," Bitcoin took a defensive stance for liberty against centralized corruption. So it is ironic, and a bit cryptic, that not long after Bitcoin launched, a plague of centralized exchanges formed. Centralized constructs promote collusion. This is a frailty of the human factor in commerce. Collusion by just a few affects supply and therefore demand and pricing to all. But worse, it has the demoralizing effect of diminishing hope the entrepreneur needs to 'dance like no one's watching' and so, one is compressed with a notion that, 'there is no use in trying to compete.' All this was addressed, a quarter of a millineum ago, as a first decentralized government of the United States of America. It has only recently become a 're-movement,' as Bitcoin, Disruptives, Gigsters, Share platforms.... battle the cartel style mentality as coagulates under centralized structuring. It was 2007 when 'Big banks,' reeling from a sub-prime lending crisis they initiated, received trillions in USD to right the situation under a guise of being too big to fail. However, they used monies to 'buy out' competitors and in doing so created another crisis in Big Industry conversion to oligarchy. As Big Boxes leveraged a pandemic to edge out "non-essentials" and Big Data uses a 'right to refuse service' in censoring the public; we have the full-on attack of liberty that requires such innovation as Bitcoin, to the rescue. Salvation will be as it was for Uniting the States of America, namely, that all men are created equal and endowed 'with their creation' a right to pursue happiness at their sole discretion; and that in plural, wheresoever men convene in kind, they are entitled to this same and sovereign protection from infringement on the liberty to pursue goals, as inspired in god. White Paper All elements of such a sovereign model of economy currently exist. Barter networks, share platforms, open ledger, ratings systems.... all may be uniquely assembled as a decentralized Business for Business (B4B) exchange to eliminate revenue splits, transaction fees and dues, and bolster the liberty in freely persuing dreams. This paper is on the procedure in creating such a platform from existing Barter, 'Share' and Cooperative markets, while:
Particularly unique to this platform are:
A Blue Paper on the technologies utilized in this platform will be available after initial funding and before "Named" accounts of providers are listed. The blue paper will provide particulars on:
THIS IS A NEW AND FIRST IN CLASS design for commerce, based on reputation. It is predicated on sustaining heritage with supplies while developing 'gig industry' as the last step in a holistic economy of proprietor citizenry. In reading you will discern how B2B levels up with B4B in a Share concentric on a value axis of reputation to a purpose driven provider for social benefit. Benefits that all providers participate as open source. B4B supports existing economy as relief from slow or dead inventories that are conserved with cash flow by redistribution between providers. pirq.org A Reputation based system where donating overstock with members creates "honor" spent on perks and benefits openly sourced by members that:
Introduced to the multi-billion-dollar Barter Industry, this platform would eliminate brokers and fees in excess of 15% to break down the walls between brokered networks with one map and coin, so, members can be their own broker. pirq.org eliminates the practice of brokers in keeping 'managed' or 'hidden' accounts that they use in dilution of their own Alt FIAT, 'Trade Dollars.' This elimination of brokers and fees will also increase member donations from lack of fee friction and broker lag. The proven model of Alt currency that Barter networks currently use, will apply to Disruptive businesses, such as Ride and Home Shares, highly sought and regarded for the liquidity they offer. This merger of Disruptives and Barter will enable them each to:
This last mile, assisted by conversion of Retail Reward Programs, creates a scale of service in the like of Amazon and Alibaba, as sales to delivery are at ones fingertips. In practice: A national hardware store has a policy to deliver additional paint to the home of a customer who discovers they are short. On pirq.org, additional paint is delivered by a Rewards member of that hardware store in the vicinity. This gig is paid (Perked) according to the store program.
Any retailer could register their Reward Program, or create one, on pirq.org By assimilating barter networks, disruptive platforms and cooperatives with one native coin based in reputation that enhances benefits, the smallest and largest contributors are on equal ground. So, no monopolies. Origination As a liquidator of luxury hotels, I purchased furniture, fixtures and equipment (FF&E) that I sold, donated or traded on barter networks. Networks that charged me over 12% to broker transactions. In March of 2010 a lady told me of a new thing her son was doing, mining Bitcoin. I looked into Bitcoin, but at the time the closest café accepting it was 3000 miles away, however... The 12% cash fee for bartering had met its silver bullet! Studying how to decentralize with Bitcoin (at the time, the only cryptocurrency), compelling advantages surfaced
Moving ahead a few years, AirBnB and Uber were disrupting established markets and adopting the title of Share Business, over Disruptives, to soften their image, when key points came to mind...
Serendipitously, 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 a precursor to equity crowd funding as used in Initial Coin Offerings of cryptocurrencies that pirq.org will employ to:
Adaption to pirq.org is a short curve:
pirq.org will utilize a few unique points for growth:
As the platform matures:
pirq It Pays to Share
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