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• [VBbuilders] Why and how work together? [3 Updates]

"cjenscook@googlemail.com" <cjenscook@googlemail.com> Apr 23 05:34PM -0700 ^


 
Matt
 
This discussion reminds me I have to respond to Marc Dangeard on a
very much related subject, and I may as well expose my thinking here.
 
About 12 years ago I put together (from a background as a director of
a global energy exchange) a 'Dot Com' which developed what I called a
'Market Operating System', the first instance of which was 'OilClear',
followed rapidly by 'MetalClear' and so on. I had budgeted three man
months to do MetalClear,and it took six hours: all I had to do was
remove references to (say) IPE and NYMEX rules and specs and change
them to LME and COMEX rules and specs and to change "$ per barrel" to
"$ per tonne" and so on.
 
This 'NewClear' product was a generic transaction matching and
confirmation utility. It comprised a transaction matching system
(there are thousands of such systems) irrespective of how the
transaction was negotiated; a database schema; and a market user
agreement protocol which specified that once a transction was in the
database the participants were bound by the agreement.
 
My problem was that everyone wanted to own it, because transaction
data is valuable, and this led to a paradox: if an application is
neutral, then it's not liquid; and if it's liquid, it's not neutral.
Anyway, I practically bankrupted myself doing it, and the big boys
implemented it as eConfirm (ICE's version) and ConfirmHub (CME etc).
 
Oh well.
 
In the aftermath, I wrote this summary
 
http://www.mondovisione.com/index.cfm?section=articles&action=detail&id=38754
 
of my thoughts on next generation P2P Market 3.0 about nine years ago,
and Michel Bauwens has subsequently re-published it.
 
I have since developed my thinking re partnership protocols and P2P
finance here
 
http://www.policyinnovations.org/ideas/innovations/data/000085
 
and this presentation in norway summed it up
 
http://www.slideshare.net/ChrisJCook/money-30
 
Right at the end of the Market 3.0 article is the first appearance of
what I believe to be a solution to the above paradox of the enterprise
model of utilities: this is to use partnership protocols to create a
'co-operative of co-operatives' with global application. Essentially
the result is an interactive/consensual 'Legal XML' transcending
jurisdictions and legal forms in a similar way to the way XML
transcends hardware and software.
 
The problem I have with any proprietary solution, whether Wave,
Entrepreneur Commons or whatever is that even though it may be 'Not
for Profit' it is almost impossible for it to be neutral. The
requirement here is essentially for something like an Apache market
messaging server I think, and Market Domains. In that context I
applied about 10 years ago for 'Dot Mkt" but the application lapsed.
 
Best Regards
 
Chris Cook
 
On Apr 20, 10:54 pm, Matt Cooperrider <mattcooperri…@gmail.com>
wrote: