Castpoints > Search     Δ     ID
    FAQs
        Specific FAQs

CP is not perfect
Cost to use
Profiting from info
Money
Passcodes
Security
Names
Challenges and performance bonds
Deleting stuff

Porter Stansberry's map of successful endeavors:
    Allocate assets to:
        Offer value to others to:
            Grow cash flow to:
                Grow dividend and,
                    Grow business and,

                        Buy back stock when undervalued,
                        Sell stock when overvalued.
Top

CP is not perfect
In aligning with Pareto’s 80/20 Principle, CP focuses on maximizing human potential using about 80% of best practices. No micromangement of "Clarity, accountability, and measurement". It takes a few mins for data to aggregate. Not everyone will be happy: All complex systems contain parasites. Healthy systems have friction, yet are able to adapt.
Top

Cost
Each transaction currently costs xxx pico shares. CP gets paid only when the event is successful enough it pays dividends. CP is helping participants make money, not third parties, so CP's and participants long term best interests are always aligned. CP charges a profit margin of XXX%. Current income is XXX. Current costs are XXX So the transaction fee is XXX. (Notice how the definition of "non-profit" is emergent, not arbitrary, and requires zero regulations, oversight, etc. This also means it can't be gamed -- at every turn, CP makes crime unprofitable.)
Top

Profiting from info
Hi!
Top

Money
Gold, silver, commodities, scrip, barter, fait/debt, hedging, banks. Bah. Possibly, the ultimate wealth is ownership in something that:
♥ Is apolitical.
♥ Adds value.
♥ Pays dividends.
♥ Can't be unethically manipulated (No float, nor interest rates, nor political process to game.)
♥ Anyone can transact with anyone else quickly, safely, and with minimal fees.
In otherwords, fractional ownership of events that consistantly have high ROI's.
As Jim Willie brilliantly pointed out, in order to effectively allocate resources, you have to have a stable money so that comparisons are accurate. This means one less variable to deal with.

Money is the basis for effective asset allocation via comparision.
Adding Value How do you keep track of something nebulous? Via tradable ownership. Each event (company, endeavor, municipality, group, etc.) and participant, has ownership (shares) that can be traded. Currently, a "public" company manages shares through a political process that is realitively inefficient. CP avoids that by automatically creating shares only at the creation of an event. Float is not "managed" (normally miss-managed). This is so very awesome because:
    ♥ Event owners don't have to figure out how to price shares and manage float. Supply and demand does that automatically.
    ♥ Shareholders don't have "voting rights" because voting can be a terrible way to make decisions. Shareholdres have buying rights within the company. Roles can transact using money or shares. Parent roles allocate resrouces (shares, money, goods, people) to children roles. The children roles are allocating resrouces to specific tasks. The better allocators can start to aquire resources because they have a high ROI, and start to bud more roles. No more dumb leaches at the top who are mainly good at playing the backstabbing management game. ROI is transparently associated to everything Power and wealth are based on the skill of allocating resources. "Money flows to where its treated best."
    ♥ CP lets people know when shares are roughly under priced or over priced based on price/sales, price/book, and value added/cycle, not faked notional value.
    ♥ The events adding the most value will be managing money supplies not by parasitic politics, but by events' very operational success in helping people thrive. (Is the ultimate money unique ideas?)

Passcodes
♥ Why do passcodes have to be so long? Because short passcodes are trivial to break. Sorry for the hassle. It's the only thing designed to be hard. Choosing a good passcode: H,wIw7,mstmsgrotwogg. = Hi, when I was seven, my sister threw my stuffed green rabbit out the window on green grass.
♥ Never reuse an important passcode.
♥ Passcode resetting details: The reset link expires in 10 minutes so that old emails can't be used. If you received a passcode reset email in error, it's likely that someone entered your email address by mistake. If you didn't initiate the request, you don't need to do anything and can disregard the email. When a passcode is successfully reset, an email is sent the account holder. Only the most recent resetting will work. If you get that email, but did not reset your passcode, try to immediately reset the passcode at the front page.
♥ "Other email." In case you need to reset your passcode AND have lost access to your primary email account.
♥ Only the primary email can be used to login.
♥ What if you lost access to your primary email, and (optional) backup email account(s)? Sorry, your account will disappear in 3.0 mths :-( If I Die Young
Top

Security
♥ Session timeout in 3.3 hrs. Also, sessions are internally refreshed every 5.0 mins so the back button will not work on pages older than 5.0 mins.
♥ All moving info is encrypted by default.
Top

Names
♥ "Names" are not validated because they are not unique. "Identity" can be hard to prove yet easy to forge, and really, identity is often an indirect way to accomplish conflict resolution. CP uses pre paid conflict resolution that is not based on identity. Identity theft no longer pays.
♥ The code after names is a unique id to indicate the difference between names that happen to otherwise be identical.
♥ Only your role category, the role above your role, and the roles directly below your role can see your data.
♥ You have control over who sees your info via netreps.
Top

Challenges and performance bonds
♥ No exceptions.
♥ Challenges are always visible.
♥ Any person, and or, event can challenge and or be challenged.
NOT challengeable: "My opinion is that people will love the taste of this new recipe."
♥ Challengeable: "People love the taste of this new recipe." Be able to show proof within 4.0 wks, otherwise do not post or else you will lose.
♥ Each person, event, and or transaction can have 3rd party insurance. The insurance premium is translated into a ranking of failure. Example: "Risk rank 1%". This is not the probablity of failure, it's how much insurance is charging for it's services. It's ranked so different contexts can be easily compared.
♥ The challenged amount will be the the lessor of: half the challenger's bond, half the challengee's bond, or the whole transaction value.
♥ The moment a challenge is posted, half of both parties bonds are escrowed and their bond starts to be replenished.
♥ The entity held responsible in a challenge, pays 3.0 times the transaction that was challenged, or half the challenger's bond.
♥ This has nothing to do with inefficient "precedent", nor "punishment", nor "laws". Either a contract is honored, or not.
♥ A "challenged contract" case is settled within 4.0 wks.
♥ If the challenged does not respond, they default.
♥ Resolvers must have a bond 10 times greater than the challenge amount in the same classification. They are self selected and decide either "Did Not Honor Contract" or "Honored Contract" with reasoning based directly on publicly verifiable facts.
♥ One resolver at a time.
♥ If no resolver posts, the challenger is held responsible. Another resolver has to add value, not just a “me too.” Otherwise they can be challenged.
♥ No matter who is held responsible, the challenged or the challenger, one will pay the full challenge amount.

♥ If the challenger is not the property owner, the property owner and challenger split the payout 45:45. (People can challenge someone on behalf of someone else.)
♥ Resolvers are paid 10% of the challenge value, but are liable for 50% if they are challenged and overturned.
♥ Resolvers have to be challenged within 1.0 wks. After that, the whole challenge is over.
Top

Delete events, and or, accounts by switching visibiltiy settings to "private", and then doing nothing. After 3.0 mths of no activity, events and accounts are automatically deleted. Escrows, etc., are returned to owners or beneficiaries. (Performance bonds deflate back to their owner at a rate of 15% per week,
Top


Login     Signup     FAQs
©2018 Jan 23 3:38 UTC

2 3     0.1814 seconds