SocialCommonWealthTalk

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The discussion part moved from SocialCommonWealth to here for refactoring:

Discussion:

The idea appears to the author simple, verifiable and realistic.

Considering the economic potential that is in the worldwide wiki recognition (see CreatingAndSharingWealth), combined with the other mainstream trend towards an open writable, participative, collaboration oriented social Web 2.0, we can achieve it as a collectively effort. However, it needs some growing awareness.

First of all we must get rid of the StayPoor meme, that appears to the author still dominant in most online-communities.

Then we must make the same risks and chances available and attractive to each other, creating a spirit of courageous entrepreneurship in the best sense.

And at last we must mutually amplify our creativity, resources and energies, we put in this project.

The author was thinking about a good domain-name for this venture and he believed to have found it:

 WikiCommonWealth

Unfortunately some clever peer just had bought it some days ago. He or she has not yet made a homepage of it. Perhaps they will have it only for speculation, not developing any ideas of it in public.

So the author had to think about this handicap and found an even more embracing domain-name SocialCommonWealth. This top domain name promises to be the culminating point of Social Bookmarking, Social Annotation, Social Collaboration.

So he bought this gem, just some minutes, before he initiated this page on 2007/05/21. (By the way, some years ago he recommended in WardsWiki as entrepreneurial idea to buy the domain "Wiki". But this went unnoticed. Some peers might remember "these were the days of fridemar" in WardsWiki.

Everyone has now the chance to invest in [SocialCommonWealth.eu], [SocialCommonWealth.Us], and so on ... . Even some [WikiCommonWealth] domains are still free.

All these domains are very valuable and can be developed in all [1]. [DomainsWiki] could be such a [WikiForWikiEntrepreneurs]. But the author happily contributes and collaborates with any other wiki that are not doomed by the [StayPoor+meme],[2].

Instead of Url-Forwarding this TLD (top level domain) into his own Domains Wiki, he points it to this page, where the idea was presented the first time.

-- FridemarPache

Discussion:

For authenticating this contribution the author tags and blogs it -- [fridemar]

I think it's not wise to use the phrase "potential $300,000". Clearly, the chance that they will be worth that much is extremely low. People will have trouble taking you seriously if you start out talking about ridiculously high figures, even if you couch them with the word "potential". -- BayleShanks

Thank you Bayle for entering the discussion, playing the "devil's advocate", which is a very honorable position to stimulate the discussion. You are appreciated as always, in all the years, we had the pleasure to interact in public. To get a feeling, what is going on in the domain market, you and all other interested peers might want have a look at [e21], a site claiming to "have the best domain names". I found them via [Domains Magazine], which is a good entry point to explore this market. -- Fridemar

Thanks for your warm response. Ok, well I still think it's unlikely, but I admit that I have little experience with domain names and I could be wrong. -- BayleShanks

Please let me convince you and all the other sceptical peers, that the idea is based in the reality of Here And Now. It is as well based on the principle of OpenBusiness or more precise of an OpenBusinessWiki transaction. I just bought WikiBank.biz (the last free top level domain, not yet bought by a "third party" and offer it to transfer it to you or any other well-known, friendly, constructive and trusted peer in our community for the symbolic price of 100 USD. This offer is valid for two days. If it is not taken by any one of my wiki friends, I reserve the right to put it on a usual domain-sellers list for at least 10.000 USD. But I feel free to prolong this offer for a bit higher price. As soon, if there is a pledge here in this wiki or in the CommunityWiki, that the person promises to pay the extremely low ask-price for this offer, I take the risk to transfer it to his/her account. This OpenBusiness practice saves us the usual minimal 50$ escrow fee of domain-sell-buy-service providers. The authentication, that the right person gets the domain is by their DomainBasedRealName and a Blog snapshot of their wiki pledge. Personal peers who have exchanged their email-addresses can transfer the funds to the appropriate PayPal accounts, with zero costs. In the other case, they find the postal address of the domain-seller on the appropriate Blog. A blog is appropriate to the author, if the transactional partners have their impressum there. This time I only WikiBlog my contribution. Bayle, and any other page contributor, do you allow me to make a snapshot of the whole page? Any peer of course has as well my licet to make snapshots on their blogs, containing my contributions.

-- [fridemar]

2007-05-29 - Fridemar...

I am prepared to accept this offer and its attendant responsibilities.

This means that...

I will pay your asking price of .us$100.00.
I will buy this Domain Name with the intention of holding it "In Trust" for activitiies related to CommunityWikiBank (which may morph into CommunityWikiBusiness?)
I will reduce my pledge of ca$1,000, made to CWB, by an equivalent amount, adjusted for Fx, on the payment date.
I will post a copy of this message on CWB, creating a public view of this transaction in two communities in which I believe I have established as adequate level of a TrustMetric to vouch for my intentions.

-- HansWobbe

Thank you Hans, what you did for the community and the OpenBusinessWiki idea is much more value, than 10,000 US$. You broke the ice. The author thanks BayleShanks, SunirShah, SamRose and all the other peers for supporting the idea at least by their SilentAgreement. Imagine, if hundreds of awakened peers now start actively to practice OpenBusiness enhanced social collaboration. What value can be created. The MeatballWiki is the pioneer. Now imagine thousands of interconnected wikis, practising this new paradigm. Wikis now have the chance to attract all those creative and intelligent people, who would otherwise be forced to work for "third parties", not allowing them the free disclosure of their best ideas, concepts, programs, content for the planet. Now let's discuss our transaction in all detail, such that we all can learn to make the process for future transactions much more efficient and attractive. The author again asks you for permission, to WikiBlog this page as a document. -- [fridemar]

Fridemar...

Since you and I seem to be agreed regarding this transaction, I suggest that payment be made via a .us$ cheque, mailed to whatever address you care to specify, payable however you specify.

As stated elsewhere, you have my permission to 'WikiBlog' this. (I'll update one of my home pages to "declare" that, by default' I grant this type of permission, so you don't need to feel you need to bother asking each time.)

-- HansWobbe

Hans... we had just an edit conflict. We are in the negotiation.

Thank you Hans, what you did for the community and the OpenBusinessWiki idea is much more value, than 10,000 US$. You broke the ice. The author thanks BayleShanks, SunirShah, SamRose and all the other peers for supporting the idea at least by their SilentAgreement. Imagine, if hundreds of awakened peers now start actively to practice OpenBusiness enhanced social collaboration. What value can be created. The MeatballWiki is the pioneer. Now imagine thousands of interconnected wikis, practising this new paradigm. Wikis now have the chance to attract all those creative and intelligent people, who would otherwise be forced to work for "third parties", not allowing them the free disclosure of their best ideas, concepts, programs, content for the planet. Now let's negotiate and discuss our possible transaction in all detail, such that we all can learn to make the process for future transactions much more efficient and attractive. The author again asks you for permission, to WikiBlog this page as a document. -- [fridemar]

PS.: As you can see it yourself, as long as there is no documentary snapshot on the blog, with date-time stamps, the model is not operational. Therefore the author asks all peers for permission for WikiBlogging to DomainBasedRealName blogs. The easiest solution to this problem would be, if the Wiki-Owner SunirShah allows WikiBlogging as the default case, so that the burdon of asking for permission in each case is taken away from us. -- fridemar

Hans .. it wasn't settled until you wrote a minute ago, whether I have the permission to WikiBlogging. Therefore, you won't find a blog snapshot of this page. In the same way, I asked Sunir, and I didn't find his licet yet.

We need the agreement of Bayle too, to seal this page and make a contract. I didn't agree on 100U$ yet, because the conditions are not fullfilled yet. When we come to an agreement, this can serve as a prototype for many.

-- fridemar

Fridemar...

I doubt I understand your concerns, but then I also don't think I need to. For my purposes...

My offer to buy (a.k.a. "Bid") remains on the table. Let me know if (and when) you are ready to accept it and I will send you a cheque.
- When you cash the cheque, and it "clears" the bank, the transaction will have additional legal standing.
- In the mean time, the existing posts that have been created both here and at CommunityWiki are adequate documentation for the intent of the Contract we are entering into.
  - I do not understand the WikiBlogging concept or how it enhances the basic recognized "record" function that is generally met be each of the two parties to any tranaction, having an identical record of the transaction. (In the case of "substantial" transactions such as real estate, there may also be an independant, third copy of the record (e.g. a "deed" or more technically a "conveyance", registered at a land titles office, or with a title insurance company)). Obviously this is a more expensive approach and as such is reserved for those tranactions in which the asset has enough value, to warrant the greater costs.
  - Note that even just a verbal contract is generally considered binding in most jurisdictions; it's just that the courts prefer to have some documentation of the contract's terms if they are asked to adjudicate any resultant disputes.
I will now merely await your formal acceptance, since there is little else I care to do.

-- HansWobbe

Hans .. the real value of our open wiki interaction, leading to a transaction, consists in its explicit clarification and participation of our wiki-peers, generating a model for many other OpenBusiness transactions. The next time, the rôles might be vice versa or other peers might be in a similar situation. Or there might be hefty turbulence in the wiki. It goes without saying, that you are an appreciated and trusted peer. Our transaction is a historical precedence case in a wiki.

To your concern: Why is WikiBlogging essential to the author? Not every wiki is such a cultivated wiki as the MeatballWiki, with currently very little semantic disturbation. You remember from WardsWiki the discussion on StuffingWordsInSomebodysMouth? by "third parties". Blog snapshots, made by the latest author, left on their own blog are a safer base for negotiations and transactions.

A wiki that doesn't allow WikiBlogging is in the view of the author not appropriate for OpenBusiness. Besides that it deprives itself of the necessary publicity to propagate the idea of a SocialCommonWealth.

We agree that the monetary costs of a transaction should be minimized. But if an OpenBusinessWiki (at least in the pioneer-phase) has nothing more to offer to the readers as formalities (lastly tables of transactions), then it is not attractive and the transactors wouldn't do a good service to their community.

To make both ends meet, we have to pay our transaction costs in form of attractive contributions, discussions round about the transaction object and how to form an appropriate framework for the future.

If transactors only concentrate on formal procedere and put afterwards the domain into a drawer without peer supported collaboration, then this would be counterproductive.

So the main concern of the author is: how could other peers participate here and now in the CreatingAndSharingWealth Process? -- fridemar

Hi, sorry to hold things up, yes, Fridemar, you have my permission to do whatever you like with my text on this page. Feel free to email me if I am missing in action like this in the future! -- BayleShanks

Hans, I cleaned the objectionable part, is this better now? -- fridemar.