Eric Wall

The system we put together with Harberger taxes and auctions linked together seems to really be working Explainer: 1. Creator sells the Orb through an auction 2. Winner (keeper) sets a sales price 3. Keeper pays an ongoing tax—a % of the sales price they set (tax goes to the Creator) 4. Keeper needs to top up the Orb with funds to last longer 5. Anyone new can step in and buy the Orb at any time and become the new Keeper 6. In the meantime, current Keeper can adjust the sales price up or down 7. But if no one buys it and the funds aren't topped up, they will eventually run out of funds 8. Keeper can at any time start a "Keeper auction" in which they are the main beneficiary of the auction proceeds 9. If they run out of funds, a Keeper auction is automatically triggered for them 10. After a Keeper auction finalizes, the Orb has a new Keeper (or if there are 0 bids, Orb goes back to the creator!) 11. Even if the Keeper auction finalizes at some low price, the new Keeper must put a sales price (as usual) so the "auction" never stops going 12. The Orb just keeps trading hands to the highest bidder, always being available, never staying dormant! All through the while, the Creator earns the Harberger tax (except during Keeper auctions, but then they collect royalty fees from the sale), and each week, questions are being asked and answered—all at rates completely decided by the market!

238,425 Aufrufe