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General Discussion / MOVED: Healthcare Pricing Models? Alternatives to Health Insurance "Exchanges"?
« on: March 24, 2014, 02:11:58 pm »94
General Discussion / Re: The Distributed Autonomous Non-Profit (DAN)
« on: March 24, 2014, 02:09:45 pm »
.dan could be the BTS DNS counterpart to .org, as .p2p looks to become the counterpart to .com.
...because Distributed Autonomous Charity would cause confusion.
...because Distributed Autonomous Charity would cause confusion.
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General Discussion / MOVED: Decentralized encrypted medical records
« on: March 24, 2014, 02:05:07 pm »98
General Discussion / MOVED: BitShares Insurance - Insure Anything (almost)
« on: March 24, 2014, 02:03:33 pm »99
General Discussion / Welcome!
« on: March 24, 2014, 01:59:47 pm »
This board focuses on the BTS Mutual Aid Society (aka 'insurance') DAC.
The model that Bytemaster has proposed is closer to a fraternal lodge or benevolent order than to conventional insurance, in which persons with a common bond contribute to and manage a community fund that members can tap in times of extraordinary need.
This can be due to personal injury, natural disaster, medical condition, commercial debt default, political upheaval, or anything else that creates an unexpected cost.
Questions that we need to address include:
While it is true that there is no One True Way to model a BTS MAS, many prefer off-the-shelf solutions rather than have to build Do It Yourself solutions from components. The result should be flexible enough for those who want to modify it to do so without having to hack the source code directly, yet well defined enough to use out of the box.
The model that Bytemaster has proposed is closer to a fraternal lodge or benevolent order than to conventional insurance, in which persons with a common bond contribute to and manage a community fund that members can tap in times of extraordinary need.
This can be due to personal injury, natural disaster, medical condition, commercial debt default, political upheaval, or anything else that creates an unexpected cost.
Questions that we need to address include:
- How to identify or define the common bond of a specific MAS.
- Whether payouts should be repaid to the fund, and if so with or without interest.
- The levels of deductibles and copayments.
- Whether individual adjusters or a prediction market should judge claims.
- What it would take for you to join a BTS MAS.
While it is true that there is no One True Way to model a BTS MAS, many prefer off-the-shelf solutions rather than have to build Do It Yourself solutions from components. The result should be flexible enough for those who want to modify it to do so without having to hack the source code directly, yet well defined enough to use out of the box.
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General Discussion / Re: BitUSD thought experiment
« on: March 23, 2014, 07:57:19 pm »
The short answer is that nothing technical stops someone from developing such a system.
However, the merchant runs the risk of being declared a money transmitter if the selling of BitUSD to cash buyers becomes regular enough to be declared and exchanger, as defined by FinCEN.
"An exchanger is a person engaged as a business in the exchange of virtual currency for real currency..."
http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
An alternative might be for someone to register in his or her state as a money transmitter and set up a local 'BitPay' for BitUSD.
Your exit strategy would be to build up a big enough book of business to become a takeover target.
However, the merchant runs the risk of being declared a money transmitter if the selling of BitUSD to cash buyers becomes regular enough to be declared and exchanger, as defined by FinCEN.
"An exchanger is a person engaged as a business in the exchange of virtual currency for real currency..."
http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
An alternative might be for someone to register in his or her state as a money transmitter and set up a local 'BitPay' for BitUSD.
Your exit strategy would be to build up a big enough book of business to become a takeover target.
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KeyID / Re: DNS FAQ - collecting questions here
« on: March 23, 2014, 12:33:05 pm »Can BTS DNS be used for websites that promote terrorism, money laundering, hacking, child pornography, dogs & cats sleeping together, whatever the Outrage of the Week is on Fox/MSNBC?
Yes! BTS DNS is perfect for attracting viewers with manufactured controversy.
I would word it differently in the FAQ.
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General Discussion / Re: BitShares Insurance - Insure Anything (almost)
« on: March 22, 2014, 03:01:54 pm »
Basically, the insured is betting that he or she will suffer some cost. Insurance works, because the cost is something the people will tend to avoid, like broken bones, wrecked cars, and such.
In the scenario above, the investors are betting that the insured are excessively pessimistic.
In the scenario above, the investors are betting that the insured are excessively pessimistic.
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KeyID / Re: Should BitShares DNS reserve 10% of the shares to register a new gTLD?
« on: March 22, 2014, 02:53:11 pm »Perhaps a DNS derivative could try that business model.
That would be an interesting experiment. It'd be a riot, if we could get the supporters of other cryptocurrency systems to clone BTS DNS to raise funds to register .doge, .ether, .prime, .nxt, etc. with ICANN.
The first chain and TLD are to demonstrate it's irrelevant now. It's a one-click browser extension, you get it in 10 seconds when you first visit the "wtf is .p2p" landing page.
This experiment is especially intriguing. A couple decades ago, if you didn't have a .com URL, you were as pathetic as those poor sods who couldn't get proper 1-800 telephone numbers. Now, we register .co, .fm, .in, .ws, etc. without a second thought, and 1-866, 1-888, etc. no longer carry a second-class stigma.
It will be interesting to see if the third phase of this is an increasing willingness on the parts of users to install the browser extension for .p2p.
The best thing we could get from ICANN is for them to acknowledge .p2p by name specifically, then nobody would try to take the name since it's magically more official
Most likely, that's what the $200K TLD application fee is all about. They're unlikely to give that kind of recognition away for free.
I tell my students that two rich veins for business ideas are branding commodities on the one hand ("It's not just rice. It's Uncle Bob's Local Organic Rice!") and breaking someone else's monopoly on the other hand (e.g., selling generators to people in areas with very expensive electricity).
BTS DNS is an example of the latter.
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General Discussion / Re: Bitshares Lending DAC
« on: March 22, 2014, 02:27:42 pm »
Vendor credit guarantees is another field lying fallow. The vast majority of the people in the world do not have access to credit. We need a system, whereby a buyer can put up collateral that would be used to pay vendors, if the buyer did not pay for goods and services within 30 days, for example, of delivery.
I know a couple of people in Ghana who want to import energy drinks, which apparently are all the rage there now. The problem is that they have very little money to pay up front. If they could order a container of energy drinks from a vendor in the USA and pay 30 days later, then they would be able to move a lot of product.
The problem is that very few are willing to front a container of goods to a region that is notorious for fraud.
This goes beyond basic escrowing to the extension of actual credit.
I know a couple of people in Ghana who want to import energy drinks, which apparently are all the rage there now. The problem is that they have very little money to pay up front. If they could order a container of energy drinks from a vendor in the USA and pay 30 days later, then they would be able to move a lot of product.
The problem is that very few are willing to front a container of goods to a region that is notorious for fraud.
This goes beyond basic escrowing to the extension of actual credit.
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DAC PLAY / Re: BitShares Lotto
« on: March 22, 2014, 02:17:45 pm »Anyone want to start BitShares Vegas with me? Involves defining bets and determining winners - winners are determined by moderators. Moderators have reputation and ratings. Moderators also approve, disapprove bets when they are proposed.
Example. Person A submits a bet that eagles win the Super Bowl by 3 or more. 100 moderators approve the bet. Now other people either take the accept the bet or bet on top of eagles by 3. When the super bowl is finished the moderators vote on the winner and the winnings are paid out.
Thoughts?
Solving this problem with a DAC would be nice, but your solution (moderators, voting, ratings) are not a viable approach. Find an alternative way of solving these problems.
Use a prediction market to set the opening line and then have the system move the line dynamically, so that it evenly divides the bets?
