Groups that can benefit
- Advertisers. For the first time in written history, ads are welcome because people either get good info, or get the advertisers’ money.
- Copyright holders. This is an evolution of copyright: paid for adding value rather than fighting to protect value. Transparency promotes paying others for content, even what is “fair use”, so they don’t look cheap.
- Organizers. Anyone trying to organize groups of people.
- Forum owners. Finally have a built in conflict resolution process to manage trolls and flame wars.
- Regulators. Takes a huge load off what government is “supposed to do”. Now proven competent local people , who are also, held accountable, make money and increase reputation by participating in conflicts.
- People with no money. If they add value, they will get money. They can start with literally zero money and, say, organize a FAQ page, correct typos, etc., and be paid in days.
- Philanthropists Anoyone can support any event in multiple ways. Buy shares, participate in discussions and pay a lot to post. This bigger dividend amount will rapidly attract people who can add value which gives quick feedback to the philanthropist.
- Big and small publishers. Can have much more fine grained and direct info regarding supply and demand of their topics of interest. If a post goes viral, they can make a lot of money and increase reputation very quickly with no additional effort. Just answering questions about their viral post exposes them to more compensation.
- Lurkers. Can explore and enjoy an environment with a minimum of trolls and much more confidence about the quality of information.
- Email readers. allows senders and readers to prioritize messages. Makes spamming not worth it.
- Entrepreneurs. Velocity of money and capital productivity should be very high engendering prosperity and excellent feedback on allocation of resources.
- Producers. Focus on production, not marketing. Good arbitrers will sell your stuff.
- Arbiters. Focus on arbitrage, not production. Good producers will make you stuff to sell.
Free kittens? Just do a simple search in your area. Supply and demand will appear (graphically hopefully!). If you zoom out, you might notice that there is a demand for kittens 50 kms away and you just happen to be traveling out that way tomorrow. (Just found out there is a real need: A New Matching Market for Dog Buyers. 1) How does one avoid puppy mills, and “Th[e] problem of geographic displacement in the animal rescue market is a problem I would love to see a brilliant economist help solve.”) Walmart is getting int the act: WalMart may get customers to deliver packages to online buyers.
Need 10 pounds of bean seeds delivered at 1 month? Look up current prices and place a limit order for 20% below the current price with the option that the price will increase 1% per day until the order is filled.
You manage a restaurant that is busy mostly between 7 and 9. Yesterday was a slow day and you have a fair amount of food you will have to throw out soon. So you offer 20% off for customers between 5 and 6:30.
Want to sell 25% of your cell phones bandwidth peer to peer at current market prices? Place the order. When the paid for, the buyer automatically gets a smart receipt that sends itself to their phone which then allocates the bandwidth (or MB’s).
Starting a company? Post the proposal on a incubator forum for say 200. Use all the feedback to refine the business plan. Estimated fair value is about 20,000. So your event can offer 1,000 shares at 40 / share and have the price drop 1 / day. Say people will start buying at maybe around 25 / share and buy the last available shares at 18. Now the shares are trading freely at 18. The event can buy back, or issue shares at any time.
Say you are driving to the mountains and wonder what conditions are like 2 kms forward. There will likely be people indicating exactly what conditons are since it is profitable to them (or for fun). CP lets one specify any location and note the conditions. Or people can simply post the conditions and be paid for it. People anywhere can simply hook up any sensor and start selling the data.
Want to know the current supply and demand of office space, organic vegetables, jazz music, digital storage, almost anything, in the system? Simply look it up. That level of research is currently costly and time consuming.
A student could pay their way through an African walkabout by employing a quick look at demand for African songs and dances and record the most wanted.
Schools can easily create phone trees for communication and emergency use. Our current system is only a one way broadcast. There is no structured way for a parent to signal for their kid to be picked up by a neighbor.
Easy to set up a private or public focus group. The point is to have a scarce resource for people to back their selection of a few items from many candidates. AND whoever picked the successful items gets more compensation over time.
“Famous” people can publicly state that they respond to queries that are backed by a minimum amount of money, or from a person who has a minimum rating.
StreetLine raised $25 million for the ability to monitor parking space availability. “… thinking about how to effectively package Streetline data for other kinds of customers, such as “the Googles of the world.”” That’s indirect. CP connects supply and demand directly, offering the best realtime value to users (private, municipal, sporting events, mass transit, etc.).
People want to ship fish from a port to a town, but their are problems. Who pays? If the contract specified that the fish source is to prepare the fish for transport and doesn’t, the transporter collects from the seller. If the road suddenly washes out and the fish spoil en route, both the shipper and receiver split the loss since neither one made a mistake. Both will likely have insurance, minimizing the impact. Also, both have the option, like everyone, to only transact with people how have enough of a performance bond, or insurance to cover problems.
A reporter checks topics in an area of expertise and finds that demand is high right now but quality seems low. Reporter finalizes fact checking and posts article at a cost of 100. A) Success! Other’s give article high value ratings with conviction. When dividends are paid at the end of a cycle, the reporter is paid 125 . B) No so successful. Other’s give article low value ratings with low or high conviction. When dividends are paid, the reporter is paid 50. The reporter can study replies for constructive criticism, and rate a few good ones.
Anyone can automatically trade insurance, and shipping. Orders can have stipulations like insurance and shipping. If a producer is on their 2,000th shipment to a user via a shipper, a potential insurer can very accurately calculate the amount of insurance based on past shipping problems. Essentially, these types of fixed costs fall to the minimum mathematically possible.
Proofreader replied to newsletter poster about a few typos with a value rating and zero conviction. The newsletter poster replies to the proofreader with a high rating and some conviction. This particular forum uses settings that if a poster has a rating of over 75% but zero conviction, the site pretends the poster has a conviction of 10. So with zero money down, the proofreader makes a bit of money after a cycle from this “marketing cost”.
A middle person sees a post on a small website they think has a lot of value. They promote it to a large website at a cost of 1,000. A) Success! The middle person gets paid 1,200 in one cycle days, and the original poster gets (say) 100 due to their use fee of 10%. B) Not so successful. Middle person gets paid about 700 (loses 300 ), and original poster gets about 70 due to their use fee of 10%.
My daughter is home sick today with a 102.3° temp. If our school was using this system, and was connected to the CA school system (optional), which was then connected to the USA school system (optional), then the world (optional), etc… The parent, not the school admin (reducing costs), could indicate the absence and reason (temp 102.3° F). Data is aggregated, so privacy is protected. People could in near realtime see the absences and reasons (barf, avg temp, etc.) at any level (county, state, nation, world, etc.). (Raw numbers are likely free, nice statistical maps and historical data, probably not free.) With zero changes, because it’s user’s own content and categorization that creates the context, the CP framework works for GDP, soil conditions, health records — basically any supply, demand, and transactions of anything, and people own their own stuff and privacy is built in. This is completely at odds with (and will subvert 😉 the typical model where the aggregators own the users information. A current example: K-12 student database jazzes tech startups, spooks parents.