An example of a distributed reputation system is getMarked
Part of Project Bitmark
getMarked is a distributed reputation system, like karma or kudos which follows people around the web.
Marks as Reputation
getMarked is something simple which your friends and family will use.
Reputation is given by the process of ‘Marking’, giving someone a Mark for something they have created or shared.
For international readers: ‘Marking’ is like ‘Scoring’ in English, and a ‘Mark’ is a ‘Score’.
Usage is similar to clicking Facebook’s ‘Like’ button, no complicated crypto currency program to be seen.
Reputation systems such as scores, karma, and likes have proven successful, Marks can follow a user around the web, and also real life.
The process of marking associates the feeling of earned value with the term Mark.
As the marking system is used, Marks become more distributed and scarce.
This adds a layer of competition and incentivization for users, they will compete for marks as they become more scarce. Natural milestones exist, to get 1000 Marks, 100 Marks, and later just 1.
Marks as Currency
The novel part is that Marks are literally currency as ‘1 Mark’ is ‘0.001 Bitmark’. This comes later, when a user realises that they can spend their earned marks on something.
Eventually marking something could be synonymous with paying for something. Marks are to be earned, each mark earned by an individual adds value to all.
Consider marks to be spendable karma, an amusing post on a social network could pay for your coffee, marking a video of the crisis in syria could pay for aid on the ground, marking an article about a mistreated animal could pay for it’s shelter, and marking this idea could pay for it’s creation.
getMarked also acts as a faucet, distributing free Marks to the first users. 1,000,000 Marks will be distributed by it, 500 to each new user.
This distribution model creates an initially exclusive invite only network, powered by 2000 people.
Additional marks to send can be acquired by people by depositing them from the Bitmark block chain.
Each users reputation is the sum of all Marks they have been given.
Their available balance to give as marks to others, to withdraw, or to spend, is the balance of marks they have been given minus any marks they have sent.
Marking Web Addresses
When a user marks something with a web address, they are not only scoring it but also bookmarking it.
Each user then has a store of all the things they have marked on getMarked.
When you mark something you can choose public or private, public is the default.
If it is public then it is published on getMarked, and you become it’s marker.
Each thing listed on getMarked can be marked by other users.
A measure of marks received over a period of time gives each marked thing a rank, the most marked things for a given time period are the most popular and the most viral.
Distributing Marks and Pulling People In
The marks given on getMarked are given to the marker.
Anybody who further shares the viral thing elsewhere will receive a portion of the Marks it recieves via their share. This gives each user more marks to further mark with, distributing marks between far more people, and making marks even more scarce.
If the thing marked has a getMarked button on it, then it is claimed by the content creator, the owner of the button. When this is the case any marks given on getMarked are split between the marker and the creator.
This encourages content creators to join getMarked to ensure anything new they create receives it’s marks.
It also encourages companies to join getMarked and use our button
Consider a music store where every song can be marked by our users. Each user that marks a song provides a small amount of revenue, if a song is good it can go viral and receive a large amount of marks.
Now consider the self publishing music artist who shares a song for free, his friends mark it, their friends see it, potentially all of getMarked’s user base sees it, and if it is good it receives many marks. Which pays for the song and let’s everybody hear it for free.
This model can be applied to anybody who makes any thing, they simply share and if it is good they get marked.
Each person or service who receives marks en mass, will reasonably need to withdraw and deposit, to save them or use them elsewhere. The process of doing this is through the Bitmark system, wherever getMarked is present you will find Bitmark powering it and keeping it secure.
Every service which adopts getMarked will see that it is a revenue stream, as getMarked adoption grows so does their revenue stream.
getMarked adoption make Marks more scarce, each person may reasonably have less, making each individual mark more valuable, such that divisions of marks can become the norm.
Anybody can create a service where items are markable and receive revenue from it, the Marks are divisible so small fees can be taken by service providers and websites to cover their costs. This may reduce the need for adverts on websites as a source of revenue.
Content promoters receive marks given to their articles, whilst the thing being promoted may also be marked providing revenue to it’s creator, and anybody else who may subsequently share either, and will receive marks too.
Each person can therefore earn and spend marks when relaxing, when working, and by doing anything they enjoy, at home and at work.
Each creator of things can receive marks as a form of revenue, and use them to purchase other things.
As services and providers acquire more marks, they may well wish to use them to pay for services they require, and encourage their associated businesses to accept marks as payment.
Consider a small organization which rescues children from streets and gives them shelter, now consider a video about them being marked by our users, the good cause alone will generate many marks, and pay for the organization to continue their work.
getMarked provides instant one click viral crowd funding for everybody in the world at web scale.
It is reasonable to think that at this level of adoption marks will be scarce, and that a single mark may have a fair value.
This multifaceted approach is proposed to bolster and bootstrap Bitmark adoption within the general population, whilst lowering the barrier to entry, and ascribing a notion of value to each Mark.