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. Sure, they provide easier access to an ever-growing field of cryptocurrency, but at the expense of a core purpose in privacy.
Decentralizing helps prevent collusion that affects supply and production, and therefore, demand and pricing. Centralized structuring promotes collusion and diminishes the hope entrepreneurs need to 'dance like no one's watching.'
Bitcoin prevents a repeat in 'bail out' monies for businesses, 'too big to fail.' Bail-out monies actually used to buy out competitors, as happened in 2007 when 'Big banks,' reeling from a sub-prime lending crisis, received trillions in USD to keep them afloat and then used these funds to 'buy out' competitors.
Add to this sham, that Big Boxes leveraged a pandemic to edge out "non-essentials" with Big Data using 'right to refuse service' to censor ones 'inalienable right of expression' and we have a full-on attack of liberty, so necessary to expression.
Free Market needs a dedicated platform of commerce governed in open source by a vested member base. A platform on which members mine their own transactions in open ledger.
A platform mined by members with hardware at the point of sale would provide a level of localized security that existing cryptocurrencies do not provide.
A decentralized platform of members, utilizing a reputation-based system on merit to open-source supplies and its own management, would be in stark contrast to say, China's reputation model based on privilege with no accountability for its centralized management.
All elements of such an economic model are currently proven. Barter networks, share platforms, open ledger, ratings systems... can all be uniquely re-assembled into a decentralized Business for Business (B4B) exchange eliminating revenue splits, transaction fees and dues, to conserve over 50 percent of provider revenues.
This paper is on the procedure and policy of such a platform, uniquely compiled from existing technologies and methodologies, to eliminate FIAT transaction fees 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 Air Drop to "Named" accounts of providers, and provide particulars on:
THIS IS A NEW AND FIRST IN CLASS design of commerce based on reputation. It is predicated on sustaining heritage with supplies while developing 'gig work' as a last step in a holistic economy of proprietor citizenry. In reading you will discern how B2B levels up to B4B in a Share concentric and value axis of a purpose driven reputation, based in an open sourced environment flourishing in tandem with, and in support of, the local FIAT currency. A support in the form of relief to members hedging slow or dead inventories to conserve cash flow for FIAT expenses.
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. Members can be the broker.
pirq.org eliminates the practice of brokers in keeping 'managed' or 'hidden' accounts that they, themselves, use to the dilution of their own Alt FIAT, 'Trade Dollars.'
This elimination of brokers and fees will also increase member donations(commerce) 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, that are highly sought after by barterers for the liquidity they offer.
This merger of Disruptives and Barter will enable them each to:
This last mile, assisted by conversion of Retailer Reward Programs, creates a scale of service in the like of Amazon and Alibaba, as sales to delivery are at ones fingertips.
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 in the vicinity who is paid (Perked) accordingly.
By assimilating barter networks, disruptive platforms and cooperatives with one native coin, enhanced with reputation scoring to translate accrued Honor (from good reputation) into benefits, the smallest and largest contributors have equal opportunity in rewards.
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:
It Pays to Share