eBitome
  • Home
    • List your business
  • Gigs n Shares
  • Barterers
  • Co-ops
    • FF&E
    • Heads or Tails Shrimp
    • Viewer Productions
    • Swag Bag
  • Contact
  • About
    • Unique
    • Why
  • Terms, Lic., Conditions (TLC)
    • White Paper

Platform of B4B Sharing utilizing reputation economic, digital ledger and soul-bound coin for benefits open sourced to members.

8/1/2018

Comments

 

Abstract

In a second "shot heard around the world", Bitcoin took a stand 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. 

Centralization promotes collusion by a factor of human frailty. And collusion by just a few affects supply and therefore demand and pricing to all. Not to mention the diminutive effect it has on the entrepreneurial need to 'dance like no one is watching.' 

Democratic nations address these flaws with anti-trust legislation; however, lackluster enforcement and cultural ambivalence has enabled the week to chip away until the freedom in markets cave, such as the banks in 2007 that spawned the birth of Bitcoin.

Economies benefit from barter networks recycling slow inventory. These centralized networks print currency and broker trades, however, to do so they must keep membership secret from even their own members and juggle 'Managed', or privileged accounts, Just the type of practice which helped crash the banks in 2007.

A decentralized platform would retool this process by eliminating brokers, their fees, privilege and collusion.

Utilizing Digital Ledger, transactions in Sharers would mine a native cryptocurrency. This coin would be parsed into soul-bound coin staked for voting to create and redeem social benefits. And a stable coin, stabilized via flux in percentage parsed to soul-bound, that would go straight to Liquidity Pools on Decentralized Exchange.

Using one map of all members, digital ledger and a reputation economic, blockchain can balance liquidity between members while developing social benefits within a DAO. 


Introduction

Decentralization utilizing a Business FOR Business platform of sharing would disrupt the disruptive platforms and bridge the gap from security to coinage while being pegged to local FIAT. 

Combining Barter, Disruptives and Cooperatives is very feasible. Barter has proven alt currency; Disruptives benefit from a free platform; over those that only collect-distribute customers for a large part of the Share someone else provides. And they both gain from commodity levels of resources.

All elements to such a Decentralized business 4 business (B4B) platform in Share are currently in use. Barter networks, share apps, open ledger, cryptocurrencies, ratings systems... may all be uniquely combined, even a non-profit fashion, to extend and sustain supplies.


eBitome platform of B4B Sharing

This paper is on the procedure in creating a B4B Share platform to assimilate Barter, Share and Cooperative businesses into one, free, platform with open, digital ledger to:
  • Sustain supplies more effectively with block chain
  • Cultivate a new economic of Reputation
  • Bridge the last mile in socioeconomics

Particularly unique to this platform are:
  • Factoring Reputation in the development and distribution of benefits
  • B4B as charitable Sharing of goods and gigs
  • Soul-bound coin for social security benefits created by members
  • Stabilizing coin with dynamic allocation between soul-bound and public portions
  • Open sourcing social benefits with tenured members

A Blue Paper on the technologies utilized in this platform will be released after seed funding. The blue paper will provide particulars on:
  • The native coin
  • Algorithms for Reputation and public coin stabilization
  • Open sourcing of benefits

This is a first in class upgrade of B4B Sharing for B2B sales that utilizes a reputation economic in a charitable exchange to enhance business profitability with increased product lifespan.



​
eBitome

A free B4B sharing platform where donating overstock with members develops reputation that translates into social benefits. 

This platform:
  • Values the "ability and willingness to be involved, productive and committed to a more social economic."
  • Utilizes open-source management and open ledger accounting.
  • Generates social benefits that are claimed with soul-bound coin of members

Introduced to the multi-billion-dollar Barter Industry, this platform would eliminate brokers, their fees (in excess of 15%), hidden accounts (they maintain for 'privileged' members) and barriers between networks themselves. Additionally, by making members their own broker with one map and no fee friction, this will promote more commerce.

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 regarded for the liquidity they offer.

This merger of Disruptives and Barter will enable each to:
  • Re-gain up to 50% of revenue from platform splits and fees
  • Overhaul old school accounting with digital ledger 
  • Develop the 'last mile' of social economics

[This last mile is assisted by a conversion of Retail Reward Programs to create a scale of service akin to Amazon and Alibaba, as the process from 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.
Using eBitome the 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
  1. A citizen shops the hardware store's web site
  2. Store broadcasts delivery opportunity to Rewards members
  3. Delivery is paid/perked instantly via app
  4. Hardware store sales and memberships grow 
Any retailer could register their Reward Program, or create one, on eBitome.com]



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 16%.

In 2010 a lady told me of 'a new thing her son was doing' called '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!

In studying how to decentralize with Bitcoin, compelling advantages surfaced
  • Eliminating transaction fees from barter (and now gigs and sharers)
  • Stream-lining logistics of supply chains
  • Inherent privacy that limits corruption and unsafe exposure

​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...
  1. These aren't Share or Decentralized businesses, but centralized platforms bleeding as much as 50%+ from user revenues
  2. Providers to such platforms offer the Barterer's dream - highly liquid hospitalities (rooms, rides, cafes...)
  3. Barter dollars have proved Alt currency as a model, even with high fees. Adapting Disruptives to a no fee cryptocurrency is palpable.

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. The precursor to equity crowd funding as was Initial Coin Offerings, eBitome will use this as an Initial Exchange Offer (IEO) and take the steps to:
  • Convert Barter Dollars (a FIAT) to open ledger cryptocurrency, mined by members for an additional layer of security
  • Assimilate disruptive businesses into a model of Alt Currency already proven by these Barter networks
  • Create a primary layer of exchange via non-fungible receipts that mine a...
  • Second layer of fungible Soul-bound coin used on social benefits 
  • Coupled with Public portion of coin that is
  • Stable to local FIAT

Adaption to eBitome is a short curve:
  1. Barterers currently pay huge fees that will now be free
  2. Any member of any network may list and begin in minutes
  3. Gigs use multiple platforms (Drivers use Uber & Lyft; Home Shares use AirBnB and VRBO) A platform that pays will be welcome. 
  4. Manufactures want to eliminate bottlenecks and increase revenue and equity via Co-op formation available on eBitome.

eBitome will utilize a few unique tactics for growth:
  • Air drop a seed supply of ​​Cascading Coin (materializing in equal amounts to transactions)
  • Tenure for members who fully harvest this Seed
  • Open Source management of platform, policy and procedure to Tenured members


​

eBitome
It Pays to Share ​

Comments
comments powered by Disqus
Powered by Create your own unique website with customizable templates.
  • Home
    • List your business
  • Gigs n Shares
  • Barterers
  • Co-ops
    • FF&E
    • Heads or Tails Shrimp
    • Viewer Productions
    • Swag Bag
  • Contact
  • About
    • Unique
    • Why
  • Terms, Lic., Conditions (TLC)
    • White Paper