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Preface
Bitcoin was a second "shot heard 'round the world" as it made a stand against the centralized financial system. Centralized systems which creep into our lives with collusion, nepotism and privilege, erode the liberty that creativity requires for one to “dance like no one's watching.” Dances that answer the challenges from nature and culture to our survival. Not long after it's launch however, Bitcoin was plagued by opportunists bent on capitalizing the new fin-tech as 'collector-distributors.' Centralizing platforms that are little more than banks, these organizations hold the 'keys' to all funds as traditional banks held in vaults. What is needed now is a platform utilizing block chain for daily commerce. A platform where business and residents transact in the same language and bridge the last mile of 'social economics.' There IS a path for this adoption. And it is right in front of us. Premise Decentralizing with open ledger technologies is important to our "pursuits of happiness." Important because it insulates commerce from peddlers of influence, privilege, discrimination and collusion. As these peddlers form cartels around supply, whether Bitcoin or bananas, they discriminate between providers, adding controls to supply and therefore pricing. To protect and justify a tacit discrimination, oversights and regulation are formed to secure their competitive advantage. Preventative regulations for such anti-trustworthiness exist, but they are largely ignored or worked around so our basic rights to free market are impended. Discrimination is never an expressed objective. A cartel may garner preferential treatment for being too big to fail. Treatment that authorities may enact as a 'bail-out' and unwittingly enable the wholesale elimination of that influencer's competitors. This happened for 'Big banks' in the 2007 crash and Big Box stores in the 2020 'Pandemic.' And to add insult to injury, these, "nonessentials," were then compelled to crawl back to big banks and boxes for survival. Decentralization, as a safeguard to a free world, needs a dedicated infrastructure of software, hardware, services and citizens (Not Users) cultured in decentralized values. A platform governed in open source by a vested member base. Not the usual platform, but one utilizing a system of commerce endemic to an Open Society. A system of Shares, not Sales, that will measure a quality in one's participation in determining a value in reputation. A platform is needed that will value purpose in kind with profit. One that is in tune with capitalist principals to affirm the relevance of ones social conscience without threatening their social standing so to encourage the will in hope to act creatively. A capitalist contrast to China's socialist mandates on reputation scoring which promote privilege. This new platform will promote reputation, instead, to accrue 'honor' to be spent on benefits designed with fellow members; not some central regime. All elements comprising such a platform are currently working elements of industries at large. Such things as, barter, 'Share' businesses, open ledger technologies, ratings systems... all exist. This platform can unite these into a Business for Business (B4B) Share system and save members 12-50 percent of revenue while culturing the affirming virtues of reputation and honor. Abstract This is a White Paper on procedures and policy of a platform uniquely compiled from existing methodologies and technologies 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, reputations and honor; as well as, benefits creation, 'vested' miners and electronic wallets. There has never been a time for just such an actual, 'Share' platform, on which barter, disruptive and brick and mortar commerce can co-exist. This would be a first in class. This paper will define this unique platform and how Share, Barter, Gig Labor and Co-operatives will form in a Members-only bond and:
In reading, you will discern how B2B levels up with B4B-Share concentric on a value axis of: purpose driven, reputation based, open source and flourish in tandem with FIAT economy while on a course to autonomy. eBitome A new methodology in provider interaction utilizing a measure in Reputation from participation along with profit from revenue to drive commerce. This measure will:
Introduced to the multi-billion USD Barter Industry, this New Measure would eliminate fees, in excess of 15%, and break down walls between competing networks with one map of all Providers. This decentralized map will eliminate the practice of brokers in keeping 'managed' or 'hidden' accounts from members. On such a decentralized platform, transactions between member will increase for lack of fee friction, because it can cost less to dispose of a product than pay a broker fee. In addition to the Barter industry, this New Measure would merge highly liquid Disruptive businesses with barter networks to:
That last benefit, 'promoting the last mile of social econ,' will be through enlisting existing members of Rewards Programs at retailers to compete more directly with the likes of Amazon and Alibaba. For example: Ace Hardware had/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 and Ace could Pay or Perk that member (at the time of this writing Ace pays cash).
History As a liquidator of luxury hotels I purchased furniture, fixtures and equipment (FF&E) that I sold, donated or traded on barter networks charging over 12% cash per transaction. In March of 2010 a lady told me of a new thing her son was doing, mining Bitcoin. The closest café accepting Bitcoin at the time was 3000 miles away, but... The 12% cash fee for bartering had met its silver bullet! I began studying decentralization with Bitcoin (at the time, the only cryptocurrency) and the 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 directive to support, fund and seek, first, to do business with decentralized entities and opportunities. The platform will maintain its own exchange for donors in cryptocurrencies that are perked with our native coin, eBitocoin, which is exchangeable at market rate with any member. As a member only platform, rights of participation can and may be revoked according to the quality of a members participation. Such a revocation may or may not be reversed upon request of the revoked. 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. In fact, donors may not expect a return, not even in the form of a write off or Charitable Receipt used in relation to any FIAT currency. ALL PERKS FROM DONATIONS ARE USABLE ON eBitome.com ONLY. eBitocoin is a Quotient of value devised by Reputation from such Dividends as, but not limited to: ability, willingness, regularity, ingenuity, initiative, responsibility and participation on the eBitome platform. 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 on basis of Reputation which may or may not reflect a score you have received as a licensed member. eBitome It Pays to Share
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