How about a bounty exchange platform with an Ask/Bid?
This is essentially a bounty auction and exchange platform. It is completely algorithmic in approach and completely automated. It determines the true market price of any kind of labor by reaching the equilibrium point between the supply and demand through the bid/ask.
It would be centralized at first but could be made decentralized, it's also a way to determine who would be selected for the bounty in a completely automated fashion.
It may even allow workers to trade jobs on the exchange provided they do so before the expiration date. This way if a worker bit off more than he could chew he could exchange his bounty with someone else and they'd get paid in his place if they complete it.Instructions
As the employer first you'd put up your bidding price which is the highest you're willing to pay, then a bunch of potential bid fillers put up their asking price and according to the algorithm it would meet in the middle according to supply and demand at an equilibrium point. This would give the market the true price of the labor.Input
: Employers enter a job description and bidding price to be displayed as the maximum bounty reward.Input
: Employees/Job hunters enter their asking prices, mapped to their Keyhotee IDs.DAC
: An algorithm selects the employee willing to work for the lowest asking price (lowest bounty reward)DAC
: A bot sends an encrypted message to the public key of the Keyhotee ID address and sends a bounty token to their wallet.DAC
: The transaction and exchange exist entirely in a blockchain so that if necessary anyone with that bounty token can exchange their bounty token for anyone else's. Output1
: The job is completed by the expiration date on the bounty token, and the bounty token is redeemed at the true price of labor in the market.Output2
: The job is not completed by the expiration date and the bounty token is never redeemed, therefore it is invalid and expired.Social Contract
: 50% Protoshares, 45% Angelshares, 5% Promotion, Discount and Giveaway shares
What could go wrong? Someone could lose their bounty token and then the bounty would expire wasting valuable time. On the other hand it would save time if someone can trade their received bounty with another person or split their bounty with another person all in automated fashion by using the divisibility of the bounty token. So if I did 90% of the labor and I could not do that final 10% then I could break off 10% of the bounty token and give it to anyone willing to work for it.
Let me know if this idea could work?