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Preface Another "shot heard 'round the world" - as iconized the American revolution- Bitcoin made a stand against controls that creep into our lives at the expense of the liberty Maker need “to dance like no one's watching,” when their creative juices flow so products and services are born for adaptation to the challenges nature and culture throw at us. Since its launch, Bitcoin et al. Have been plagued by opportunists bent on re-centering their new wealth and power. Reticent critics claimed; 'New currencies affect stability of FIAT' or 'They must have nefarious purpose to be clandestine coinage in the first place'. All the while, at street level, understanding of the whole movement lags. The public needs practical application to make sense of this new world. And like computers and cell phones, this growth will begin with the business class. Not only existing businesses becoming more involved as nodes, but also, the last provider in Gig and Contract Labor where 'the last mile in social economics' is met. When we reach this point, and it's not far off, we will have fluid movement from home to factory and back. An enlightened, decentralized economic/society that can dowse heat from friction middlemen cause with their central points. Premise Decentralization is important to a "Pursuit of Happiness," it insulates us from influences corrupting liberty, as Influencers seek to center control of supply. Be it Bitcoin or bananas, influence serves to discriminate between providers by injecting redundant oversights. Discrimination is never an expressed objective. But, as leader in a field, a business may receive preferential treatment, perhaps for being too big to fail. Authorities might even bail them out in a jam and unwittingly enable the wholesale slaughter of the influencer's competition. This happened when Big Banks used bail out money to buy their competitors and currently happens as Big Box retailers make advantage of mandates in a 'pandemic' to edge out smaller competitors. In a double entendre the ousted are compelled to crawl back to the big banks in a vicious cycle enabling the collusion that corrupts free enterprise with policy and regulation set by those corrupting it. What Decentralization needs is a platform dedicated to all things and manners Decentralized. A platform with a mechanism to support and even fund Decentralized ventures. A self governing platform that open sources management from it's own member base of like minds. Not just business as usual pandering for FIAT, but a new platform utilizing its own mechanism (not coin) with appeal to a large base of existing providers. This can exists and this platform's 'mechanism' for interaction will be a measure of reputation. It can do this without transaction fees and cater to millions of barter and disruptive businesses. While providing a free alternative to Uber, AirBnB... even Amazon. This platform would develop a Unit of Measure to calculate reputation yielding Benefits, as opposed to revenue yielding profits. As a decentralized, capitalistic sequel to China's centralized socialist mandates; this platform will actually produce benefits as reward, not just entitlements(a centralist theme). It won't stop at considering good reputation as Good Will, but continue with rewarding good reputation in residual benefits. All the parts comprising this platform currently exist as working models in their own rights - barter, Disruptive platforms, open ledger technologies, ratings systems – This platform will uniquely compile existing technologies as an irresistibly free alternative to businesses paying 12-50 percent per transaction. Abstract This is a White Paper on procedures and policy of a platform uniquely compiled of existing business models, methodologies and technologies. The uniqueness of this Platform promotes in it's providers, a new culture(learned behavior) of sharing inventories, building reputation, garnering honor, acquiring benefits and open sourcing industry and its management. Particularly unique to the platform are 1. development and distribution of benefits per reputation 2. bridging the 'last mile in social economics' where each citizen is a provider in Gig fashion to all needs of industry from manufacture (even design) to delivery. An Open Source Society. A Blue Paper on the technologies chosen for each their specific purposes, in compiling this platform, will be available after crowd funding and before Air Dropping to launch of the platform. The Blue Paper will include in depth information on a native coin, purpose in(if) not issuing a token, the nature of funding(open sourcing) co-ops on the platform, the Fork of which coin utilized to 'tally' transactions/reputation and residual Honor spent on benefits, algorithmic enhancements to the reputation system, mining wallets, node distribution and all other technologies adopted or adapted to the platform. There has never before been a time for such a platform. This will be a first in class. Accounting for the wild success of practical adaptations to block chain like RobinHood.com and the general frenzy over cryptocurrencies, disruptive businesses and barter networks, we expect vertical growth. In explanation, this paper will define a unique combination in of: Share, Barter, Gig/Contract Labor and Co-ops(now Opened Businesses) into a Members-only platform that
In reading, you will discern how B2B levels with the B4B of Open Systems of Share where the adolescence of profiteering matures into an altruistic mesh of purpose utilizing Reputation, Open Sourcing, and Open Ledger to flourish in tandem with FIAT economies on a course for autonomy from the same. eBitome A new methodology for provider interaction based on measures of Reputation from participation as opposed to profit from revenue, creating a more effective guard against the challenges to free market by centralized constructs. This new measure will:
Put into play Introduced to the multi-billion USD Barter Industry, this New Measure would eliminate transaction fees of over 12% and break down the walls between competing Barter Networks by utilizing one map of Users. This is a huge step toward decentralizing Barter made possible by the ubiquity of barter today. Members know of each other and how to correspond but have never had the luxury of a full database of other members in their own networks (as these were coveted by brokers for their job security). This decentralized use of one map, while eliminating abusive practices by central offices to keep 'managed' or 'hidden' accounts of members (which dilute their currencies when brokers spend at will), will grow rapidly via only two degrees of separation from One coin available to any trader. Beside unifying networks on one decentralized platform, transactions between Member will increase from lack of fee friction. Since, often it cost less to dispose of a product than to pay a brokers transaction fee on top of member fees, monthly dues, taxes... In addition to the Barter industry, this New Measure would merge highly liquid Disruptives with barter networks and
This last benefit in promoting the "Last Mile of Social Economics" can be accomplished, in part, by structuring existing retailer Member Rewards Programs (MRP) to compete head to head with the likes of Amazon by organizing MRP participants to deliver products. For example: Ace Hardware has a policy to deliver additional paint to the home of a customer who finds they didn't buy enough after they started painting. On eBitome, additional paint can be delivered by a Rewards member in the vicinity who Ace could Pay or Perk (at the time of this writing Ace pays cash).
Cultural shift enables this platform opportunity The "Click n Accept" culture has retooled the scruples of users as strangers rent a room, catch a ride etc. without compunction over it not being an established business. Even when lured by miss-information such as: 'your personal information will never be, shared, rented or sold without your permission,' the public continues to log on and have their rights and privacies abused. But this bad habit can be put to good use as the public Click n Accept eBitome to rehabilitate. From the founder 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 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, so not that liquid, 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 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! Earlier, in 2007, while researching cooperative development utilizing public participation, I Copy Righted a paper on how to fund production of film through public votes. This was a precursor to equity crowd finding, shortly after which, the first equity crowd fund platform launched. Eventually this method in raising funds became the modus operandi of the cryptocurrency ICO (Initial Coin Offering) that we will use in launching the eBitome platform. The mechanics of each segment in eBitome are proven (Barter, Disruptive, Co-op, Share). With a Measure of Participation, like Proof of Work to cryptocurrency, we have a new type of economic based on Reputation. In action this New Measure will
Adoption is a short curve:
This New Measure will develop with:
The platform will grow in phases:
This will be a members-only platform open to everyone. The platform will have a directive to support, fund and seek to do business, first, with and for decentralized businesses and opportunities. It will maintain wallets with each cryptocurrency listed on its list of acceptable decentralized currencies (its exchange). With a mission, in part, to fund and support developing opportunities in Decentralization. With a design toward open sourcing society and in particular, research and exploration. eBitocoin (the Unit) is not a security or currency. It represents only an indexed measure of a members' quality in 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 such goods and services at large. In fact, donors should not expect a return at all, especially in the form of a write off or Charitable Receipt used in relation to any FIAT currency. ALL DONATIONS ARE COMPLETELY SPENT WITHIN the eBitome B4B ECONOMY OF SHARE on COMPLETELY A DONATION BASIS. The eBitome Measure is not to be used as any measure other than that of: Divisor to the Quotient of Reputation by 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 in support of building this decentralized platform. As a token of appreciation, donations will receive eBitocoin (Units). These have no redemptive value aside from being Shared among members willing to accept them. Thank you for your participation we look forward to the promise of liberty via Decentralization. eBitome It Pays to Share
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