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Abstract Free Markets currently benefit from barter networks that recycle write-offs via third party brokers in centralized fashion. Network members recycle slow inventory using 'alt-dollars' at premium values and cover over-head with what they would have written off. A decentralized platform could answer this with no third party bookies, fees or revenue splits. It could do this by using one map of all members and an open ledger that mines coin as it lists, books and reconciles each transaction. This coin, coupled with a reputation economic, could then be used to incentivise member behavior in requesting shares to the ends of balancing liquidity of goods and gigs. Currently the centralized manner in balancing is one of privilege, as 'hidden' or 'managed' accounts are kept by brokers in a methodology that promotes dilussion of their own currency, collussion among privileged accounts and corruption of supply and therefore demand and pricing of all goods and gigs available. Moreover, by upgrading 'barter dollars' with more efficient and effective blockchain with cryptocurrency, members can be their own brokers, have a second layer of value in native coin and be freed from unecessary fees which are a drag on commerce. Simply replacing brokers with blockchain (akin to how Robinhood.com affects securities brokers), would not solve the 'runs' on more liquid business.' In fact, it would make it worse without a Coin and Rep economic combination to check the balance in liquidity. The following steps address how this solution would work:
This platform, based on a value concentric of reputation rather than revenue, would issue reciepts to donors just as one recieves from any charity. These transactions could be on blockchain that mines native coin which is sould-bound to donors (sharers), the platform, a Sovereign Wealth Management Account (for local government) and a Founding Fund which sells or leverages its coin (perhaps as tax credits or security) to cover the costs of benefits designed by members. Such a reputation economic, based on merit, would be in decentralized/capitalistic contrast to the centralized/privelege based models used in communist nations. And the coin could be linked to the donation level and fashioned, quasi-stable, as goods are tied to donations in FIAT values. Presently, the tenets necessary to such a market exist in the forms of: block chain, cryptocurrency, reputation rating schemes (star models), barter networks, alt-dollars... Combining these on a decentralized platform not only eliminates fees; but also, opens the model to a burgeoning Gig industry that is ripe for a proven alt-currency model such as barter. Not to mention a last mile connection to the public as could be fashioned for donations to non-profits and a holistic economy from business to residence. 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 an entrepreneur needs to 'dance like no one is watching' and so, creative juices are compressed. This was addressed by the United States when it created its government ran: of, by and for its citizens. The resurgence of this 'movement' through Bitcoin, Disruptives, Gigsters, Share platforms....is a battle against cartel mentality, as coagulate in the stylings of centralized systems. The instigation of this resurgance may also be contributed to the 2007 'Big bank Crash.' As Big banks reeled from the sub-prime lending crisis they initiated, they received trillions in US Dollars under the guise of being too big to fail. Here-in lays the mischief, these monies were also used to 'buy out' competitors. When Big Boxes noticed what a massive success this was for Big Banks, they leveraged a pandemic to edge out "non-essentials." Then Big Data, utilized a "right to refuse service" to censor the publics inalienable right to speak freely and we have a full-on attack of liberty that requires such innovative solutions as Bitcoin2 Salvation will be as it was for Uniting the States of America, namely, since all men are created equal and endowed 'with their creation' a right to pursue happiness at their sole discretion. 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 platform of Business for Business (B4B) to eliminate revenue splits, transaction fees and even dues. This paper is on the procedure in creating such a platform from existing Barter, 'Share' and Cooperative markets, to:
Particularly unique to this platform are:
A Blue Paper on the technologies utilized in this platform will be created after initial funding. The blue paper will provide particulars on:
THIS IS A NEW AND FIRST IN CLASS design for commerce, based on reputation in sustaining heritage with supplies while developing 'gig industry' as the last step in a holistic economy of a proprietor citizenry that funds 'end of life' benefits with all others social securities which members choose to create together in open source. In reading you will discern how B2B levels-up to B4B in a Share concentric with a value axis of reputation. This purpose driven economic providing social benefits to all members in open source manner also supports existing economies as relief from slow and dead inventories that are conserved from cash flow via redistribution among members. eBitome A Reputation based economic in donating overstock with members to develop reputation translating as perks (pirqs) for social benefits 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, as members become their own broker. eBiotme eliminates the practice of brokers in keeping 'managed' or 'hidden' accounts which they use in dilution of their own Alt FIAT, 'Trade Dollars.' This elimination of brokers and fees will also increase member donations by 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, which are highly regarded for the liquidity they offer. This merger of Disruptives and Barter will enable each to:
[This last mile, assisted by conversion of Retail Reward Programs, creates a scale of service akin to Amazon and Alibaba, as sales to delivery are app based. 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 eBitome, additional paint is delivered by a Rewards member of that hardware store who is in the vicinity. This 'Gig' is then paid/perked according to that store's program
By assimilating barter networks, disruptive platforms and cooperatives with a native coin enhanced with reputation valuations, all contributors are on equal ground, regardless of size. Origin As a liquidator of luxury hotels, I purchased furniture, fixtures and equipment (FF&E) that I sold, donated or traded on barter networks that charged me over 12% per 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 as precursor to equity crowd funding and Initial Coin Offerings, eBitome will take the next step to:
Adaption to eBitome is a short curve:
eBitome will utilize a few unique tactics for growth:
eBitome It Pays to Share
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