Why we use Transaction Recordings

Posted in stories by Justin Richards, October 4th, 2021. Read 99 times

Why we use Transaction Recordings

In light of popular sharing website Helpfulpeeps now shutting down and further improvements recently made to Sharebay, the new 5 star rating system and the new value metric, this one i felt was an important point to write about.

Why a lot of the unsuccessful alternative economic ideas and sharing websites fail to grow and stay afloat (or at least successfully demonstrate growth was made) is because they don't keep a recording of what happened between participating parties when something was shared.

There is an underlying reason as to why capitalism and traditional trading has been so successful - a transaction is always there, and while the meaning behind the transaction isn't always recorded (especially if it was a physical monetary transaction), a transaction still took place thus keeping score.

The money received as a tool to now buy what you want provides a method to achieve an end - And that is the proven to work language of capitalism. If you don't believe me, all you have to do is check your online bank account ledger of where your money went to, or your ever decreasing savings in your local piggy bank for proof. 🐖😉

All societies that work well (or at least for the most part) and continue to build forward, engage in economic transactions. They provide a kind of glue that keeps that society going and act like an underlying language to form how your society works, whether it be it's morals, it's rules or it's politics to follow, and to keep track of what happened if things weren't performing so optimally, or to a desired standard of the stewards of that societies economy and it's overall operation.

A good example of this might be the movie Passengers. Anyone who's seen Passengers will remember a sequence where Laurence Fishburne's character attempts to understand why the ship failed, and the crew was beginning to wake up early from their pods as the rest of them slept travelling through space.

The movie demonstrated this through a tracking mechanism built into the ship displayed holographically so you could see when the problems started and its details.

Knowing what happened then allows you to make decisions. If things are going well, there may be no need to act. If things aren't, the recordings of what went wrong and when guide your next decisions, and so thus build trust that what you're doing between all parties involved is either working out or not.

There is no way that humans can store that much information of what happened and forever remember it all inside our meagre monkey brains 🐒🐵, so we use external tools to help us. To track where things have gone, and to help us to understand where we might be going.

Traditionally that's been through money and trading accounting, but as many here are increasingly learning, money and trade combine together to create capitalism which creates zero sum game simulations where there is always a winner and a loser, thus conditioning people into scarcity based (I have to lose or compete against my fellow human in order to gain) type thinking.

So the difference between this and what were doing on sites like Sharebay is, we are providing that glue i alluded to earlier. But instead of using it for monetary transactions, we are now accounting for sharing one's between people, essentially capturing the potential trust that was built between giver and receiver - And to remind us of this through the recording kept.

And now with ideas like Sharebay's new review system, we can capture that trust further by the transaction being extended through feedback from those involved in the transaction, and improve on what went wrong for future transactions.

Enjoy your day, enjoy Sharebay's new features, i hope you learned something and thank you for reading! 

Written by:

Justin Richards Justin Richards Stripes 11
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