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The new decentralized sharing economy and crypto coins
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Some parts of the sharing economy are highly centralized, venture funded entities, which socialize the risk and privatize the profits. This is a presentation/workshop held at the OuiShare Berlin conference "The Future of Collaborative Finance, Crowdfunding and Money" on how to create a decentralized sharing economy, based upon crypto coins.
Transcript of The new decentralized sharing economy and crypto coins
@hubert
creating value for creators
Crypto Coins inside !
buy sell tradeany creation
any audio any image any game any text any software any book any video any website any blog any any creation.
what’s wrong with sharing?
sharing is caring
reasons for sharing
I love to share my apartment with strangers.I love driving people from A to B.I love running errands for a pittance.…
I need the cash.
in a world driven by very financial interests.
reasons for sharing
$ economy
sharing economy
valu
e
time
social networks
Sharing Central inc.because it’s fun !
I need $ ...
Sharing Central inc.Your bunny I am ...
Sharing Central inc.
risk
means of production
I need some TLC.
Sharing Granddad inc.I am your model.
Sharing Central inc.shareholders
administration
production
We are outsourced, and independent contractors.
head count
Sharing Central inc.shareholders
administration
production
distribution of risk
Sharing Central inc.shareholders
administration
production
distribution of profits
your sharing economy
privatizing the profits socializing the risk
image: Travis Rigel Lukas Hornungimage: Jon Rawlinson
centralized
The mechanics of the web 2.0 sharing economy.
this is your web 2.0
web 1.0protocolspublicdistributedweb, email
web 2.0APIprivatecentralized
centralized backendtechnologymarketingaccountingcustomer relationships
} capital intensive
} controlling the cash flow
increasing returns model
decentralized production< capital expenses> operating expensesflexible utilizationoutsourced risks
} scalability
} elasticity
increasing returns model for services
Say hello to Crypto Coins.
on ownershipSimply put, the endowment effect
says that once you own something you start to place a higher value on it than others would.James Montier, “The Little Book of Behavioral Investing: How not to be your own worst enemy”, 2010, p. 194
But, how much is it?
endowment effect
on ownershipSimply put, the endowment effect
says that once you own something you start to place a higher value on it than others would.James Montier, “The Little Book of Behavioral Investing: How not to be your own worst enemy”, 2010, p. 194
But, how much is it?
no ownership
endowment effect
on ownership
http://www.nothing-to-
own-here.com
Attack!
Don’t attack.
I am Enemy I.
General IV. here.
I’m General I.I’m General II.
General III.
Corrupted message?
I ♥ Enemy I. ...
the Byzantine Generals Problem
solved in the traditional way:
centralized systems
the Byzantine Generals Problem
Nakamotoooo!
the Byzantine Generals Problem
crypto revolution
1. Personal Computer2. Graphical Web Browser3. Bitcoin
Marc Andreesen
crypto revolution
currency: double spendingcrypto assets: digital ownershipcorporation: programmable money
digital scarcity
Decentralized Applicationscurrency: programmable money
Decentralized WTF?seed
COINcareful !● risky way of crowdfunding● not recognized in any jurisdiction● financial regulators will NOT like this
○ go Switzerland○ evaluate non-profit
can be used as shares or alike.
dear audience, please wake up. the upcoming chart is all you need to know for now.
● distribute your coins based on identifiable events to participating stakeholders
programmable moneybits at work
COIN event COIN
COIN
workshopbuild your own decentralized application
decentralize!1. your business model2. your stakeholders3. your financial flows
