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STEP 3:  Profit!


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Step2+

Open Information Market

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Just to be clear I am no longer looking for donations for this project just for feedback. We are almost finished the private beta testing and will be ready to launch in few couple weeks. 

 

http://www.openinformationmarket.org/

 

 

“Without tradition, art is a flock of sheep without a shepherd. Without innovation, it is a corpse.”

- Winston Churchill 

 

Why an Open Information Market project?

The above quote from Winston Churchill is about art but the same can be said about the Economy. We are living in an information age that needs innovation in the economy and a better method to value the information published on the Internet. Using traditional economic methods has only restricted access to information and content on the Internet.  A more creative and innovative approach needs to be taken to build an Information Economy where the information can still be obtained freely but the content creators are compensated for their work.

Open Information Market : Connecting content owners and investors

- Information on a website is now accurately valued on the Open Information Market
- Blogger’s and content owners can receive money from investors based on the market valuation
- Investors can see a return on shares they have purchased in websites
- Owners will receive additional dividend payments based on trading volume of thier website shares.

 

 

 

Exactly what is the Open Information Market ?

Similar to a stock market an open information market is where you will be able to buy, sell and trade shares in websites. All websites on the market will be listed by the owners and the revenue generated from the sale of shares will go to the owner. As the owner or blogger adds more information then the website will be worth more resulting in an increase in the share prices and profits for the investor.  The website owner will receive continual dividend payments based on the volume of shares traded on the market monthly.

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The information Age requires an Information Economy

The information economy is considered a "stage" or "phase" of an economy, coming after stages of hunting, agriculture, and manufacturing. Valuating websites on the information they contain will give a clear economic indicator to the health and growth of the Internet. Governments would have to think twice about blocking or attempting to remove information from a website if that website has a clear indication of value. Bills like SOPA and PIPA would not be an option for governments, since blocking a valued website could damage their own economy. Governments would have to ensure open access to all of the information on the Internet.

 
initiated Mar 14, 2012 in Startups by James Litwin (370 points)   2 3
   

2 Responses

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I'm a little confused by this.  Do you risk running afoul of securities law?  It sounds like you're creating an equities market...
response added Mar 15, 2012 by Mike Masnick (22,930 points)   57 99 160
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stock market or equity market is a public entity (a loose network of economic transactions, not a physical facility or discrete entity) for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.

The answer is Yes and No. The website will be a network of economic transactions, however it is not based on company stock but in the value of information on a website. A base value of a webist e is determined by many factors but mostly on the amount and quality of information on a webiste. Once trading has started on a website the ongoing value of the stock is determined by the investment in that website and the ongoing additional information added to the website. 

I am located in Canada so the laws are simular but not the same. I have contacted the SEC for guidance but they are scratching thier heads on where to categorize this concept. Currently they point me to their definition under the SEC laws:  


[a]ny stock or similar security, certificate of interest or participation in any profit sharing agreement, preorganization certificate or subscription, transferable share, voting trust certificate or certificate of deposit for an equity security, limited partnership interest, interest in a joint venture, or certificate of interest in a business trust; any security future on any such security; or any security convertible, with or without consideration into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any put, call, straddle, or other option or privilege of buying such a security from or selling such a security to another without being bound to do so.


I have processed some paperwork with the SEC to seek further clearfication on where this market may fall under US laws. 

response added Mar 15, 2012 by James Litwin (370 points)   2 3

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