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Preface
Centralized systems nurture privilege maintained by collusion and are not conducive to free markets. The croniism of washing anothers hands via tacit agreements is nothing less than systemic colussion. This not only erodes free enterprise, but also, the liberty necessary for creative entrepreneurs to “dance like no one's watching," when engenuity flourishes. Bitcoin's defiant stance against the corruption of centralization is a second "shot heard 'round the world," that liberty has another protector. Yet, not long after Bitcoin's launch it was plagued by 'posers' forming centralized exchanges to provide simpler means in acquiring alt-coins. This end-round for simplicity, however, cost users the privacy and 'trustlessness' required of a truly free market. It was little more than an open door to government oversight in the name of the unsophisticated or unaccredited investor. You needn't look further than Robinhood.com's seisure of trade or the censoring of user expressions by such businesses as Twitter, FaceBook, Google and more, to see the assult on privacy is systemic to the 2020's big box biz (big banks, big box stores and big data companies). Using, 'their right to refuse service' as a loop hole to negate the constitutional rights of citizens in america, it is mind boggling they haven't been broken up as Ma Bell or prevented from such operation. Businesses are prevented from merging to protect markets and the public and none of these have come close to offending constitutional rights. Bitcoin's most effective ends of: open ledger, supply management, privacy and trustlessness, enable small business with the leverage to reach end users and compete more directly with the above, modern day Robber Barrons. And the added angle in the equation would be sustaining heritage with it's supply. Premise Decentralizing with open ledger technologies is important to a "pursuit of happiness" for insulating commerce from big business peddlers of influence and privilege, who tacitly collude and discriminate to preserve their position. These peddlers become cartels that bottleneck supplies to affect production, demand and therefore pricing for us all. To protect and justify their position they organize regulations via industry associations to help them control competition. Before long these cartels, seeming too big to fail, entice authorities for 'bail outs' that enable their wholesale slaughter of competition as happened in 2007 when 'Big banks,' reeling from a sub-prime lending crisis, were bailed out with trillions in cash that they used to buy out competitors instead of helping their clientel. Taking a page from this experience, the Big Boxes use a 'Pandemic' to edge "non-essentials" out of business. While expression has been monopolized by Big Data and the public is becoming more and more dependant on government than the free markets that created them. This is fine if you are an unfortunate living in a socialist country backing this behavior. As free as cryptocurrencies seem with their proof of work and the lesser, proof of stake models, they are only as safe and free as their miners and are not about 70% of Bitcoin miners in China. "Free Market" needs a dedicated platform of commerce governed in open source by a vested member base. Formed in the United States and mined by the providers on the platform via POS (point of sale) hardware, this platform would not utilize metadata in converting members and the public into a product. Maintained by a unique purpose in building and monetizing reputation, this platform can reward a social conscience in capitalistic contrast to China's socialist mandates which promote privilege. In American fashion we can promote reputation to accrue 'honor' spent on perks designed and openly sourced by the platform providers. All elements comprising this platform are currently used in todays economy; Barter, 'Share' (disruptives), open ledger technologies, ratings systems... can be reassymble on a Business for Business (B4B) decentralized exchange to eliminate 50% in expenses from revenue splits, transaction fees and dues. Abstract This is a White Paper on procedures and policy in a platform uniquely compiled from existing methodologies, technologies and industry segments in order to eliminate FIAT transaction fees from existing Barter, 'Share' and Cooperative networks, 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 wallet and eventual capacity of decentralized exchange. This is a new class of platform designed on principals of Share from the perspective of business on purpose before profit. This platform is designed to support the heritage of business; as well as, the revitalizing advancements in 'Gigwork.' This is a first in class platform of actual 'Sharing' where barter, disruptives and brick and mortar convene. This paper will define a unique convention where Share, Barter, Gigs and Co-operatives form Member-only bonds to:
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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