This past weekend I went to Startup Weekend. We ended up doing my idea which was a way to buy people in need a meal at a local restaurant. Late Saturday night we pivoted to a more general concept of electronic gift cards.
The main difference being you get the money back when it expires. The use case that came up most often was wanting to provide money for children at college.
I’ve been thinking about the different ways the wealth transfer could work. I’m particularly interested in how it would be accomplished with bitcoins. So far I’ve got four scenarios. The players are the giver, the recipient and the vendor.
I’ve been thinking more about applications of the distributed ESON store. I’m very interested in the wealth distribution curve:
The 99.9% having 20% means that they would quintuple their wealth were it distributed evenly.
Something I think might be interesting to tackle the problem is to make a company mostly transparent. I’d like to use the ESON object to hold as much of the company data as possible. I’m primarily interested in the cost information.
It would pair especially well with bitcoins. Each transaction has a unique hash identifier and so you might have a subobject like:
I’ve been thinking about the distributed ESON object and what I would like to store in it. One of my first projects is an image library.
One of the things I would like is for people to be able to request royalties for use of their work. So, say for example that the artist who did the kitten head at the center of my logo would like a royalty for use of his image.
The first issue is how I know who the author of an image is. The sha1sum of the kitten head is 35813f6e. One approach would be to set:
As a person surfs the program keeps track of how much the requests are and can optionally pay them.
The issue is what is to prevent Bob from publishing a royalty for Alice’s work. This is where a consensus system comes into play. People include either Bob or Alice’s version in their individual trees and the one that is referenced the most wins.
That or you have a curator who somehow determines the validity of competing claims. That seems more brittle though.
I’ve been looking into buying some bitcoins and have been navigating the vagaries of identity confirmation. The market I’ve heard the most about is Mt.Gox. Getting money to the exchange is done through Dwolla. They require a copy of a photo id. Mt.Gox also has a verification process which requires a photo id and a proof of residence.
The proof of residence is a utility bill or a voter registration. Say for instance you’re a student who rents. You could not be able to trade. I’ve been thinking of an alternative. A person creates an account online and requests a code to be sent to them via mail. Once that code is entered back into the system, it verifies a person’s address.
This same process could be combined with the voter registration process to provide an electronic component to civic interactions. Rather than everyone voting on every bill, people would still specify proxies for most of their decisions. The process could be more dynamic, however, and with more granularity in expertise. Rather than a single politician making decisions about a broad spectrum, votes on issues could be divided up and proxied to different people.
Another application could be in conjunction with a housing site. It could be used to verify that a particular account controls a particular address.
App idea where a user goes and has testing done and the testing agency conditionally releases the information electronically. A user can give a code to another party to allow them access to the test results.
The example that I was first thinking of was for dating. Someone who is considering a liaison might be favorably inclined if their potential partner could show them a recent clean bill of sexual health. If doing so meant a simple exchange between smart phones.
The legally tricky part would be the laws surrounding release of medical records. Some cryptographic function would have to be considered equivalent to a signature.
I suppose though that would simply be in the contract the user signs when getting the procedure done.