The Year Capitalism could have Changed
The year is 1916. A man named Henry Ford attempted something that had never been done before. Sharing his profits to the people most important to him. His customers and employees.
I’m sure you have heard this mission statement plenty of times, “Our mission is to maximize profits for our shareholders.” — Very inspiring— but all jokes aside, this is very common goal in the corporate world. Quarterly profits become more important than long term vision or value of a company. The good news. This is changing. And it’s because something that Henry Ford attempted back in 1916, is resurfacing again.
Ford Co. received 40 million in dividends that were intended for their shareholders. But this year Ford wanted to make a change. During his annual shareholder meeting, he announced that the companies dividends would be reinvested back to his employees and reduce the price of his cars for his customers, claiming it would increase the value of his company. However, this was not taken lightly by his shareholders and the Dodge Brothers who was angered by it, sued.
In court, Ford preached that not only was this an ethical approach to society, his employees would in fact buy his cars. And by reducing the price of the vehicles, more customers could afford to own one. This would in fact increase the stock value of his company more than the shareholders yearly bonus. Unfortunately, giving back was not in the best interest of his shareholders, even to the judge, and his vision was never materialized.
In 2016, 8 of the richest people represented 1/2 of humanities wealth
Now lets fast forward to 2010. Where we saw the 43 richest people in the world represent half of humanities wealth. In 2016, the number went down to single digits of just 8. It’s predicted to be 1 within a year. Why such an extreme gap? Well it turns out industries are using technology to automate and reduce jobs. While this continues at such a rapid rate, there will come a time where the general public, won’t have a salary to purchase the products the elite business owners make. It’s only a matter of time this system collapses. In fact, two decades from now it’s predicted 1 out of 2 jobs will be automated in the U.S alone.
This is why my team and I are developing Crowdholding.com, which allows businesses to share future revenue to the public for feedback and ideas. An eco-system that enables the customer to choose who they want to help and co-create with in return for shares we call crowdshares. We are giving the opportunity for people to invest time instead of money. I see a future where anyone can work from anywhere and choose who they work for, not the other way around. You can learn more here.
CrowdholdingCrowdholding connects the crowd with entrepreneurs, allowing you to give feedback and ideas for a future share.
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Reward Distribution Rules.
Please read below how the rewarding structure works.
Voters get 35% of the reward
Commenters still receive the majority of 65% of the reward weight, while voters 35%.
You receive only 7 upvotes and must vote what you think are the best answers
You now have a limited amount of upvotes. You won’t see the other user votes until the task expires. If you vote the top half comments you will receive a portion of the 35%.
Top 50% upvoted comments get bigger share
Our algorithm gives top 50% upvoted comments more rewards than the bottom 50% comments.
Give me an example with numbers
Upvoters get 35 % of the reward.
65 % goes to the commentors.
Half of the reward is gained from bottom 1/2.
Upvoters get nothing
1/2 of the reward pool for this segmentis distributed among top 1/2
There is a task with 1000 Reward.
Let’s assume Top 1/2 recevies 70% of all upvotes.
Bottom gets 30 %. But because half of the reward goes to Top 1/2 that makes the final numbers more like Top 1/2 gets 85% (55.25% for commentors, 29,75% for upvoters) and bottom gets 15 % of the final reward.
If there’s 100 upvotes:
1 upvote that upvotes a comment in Top is worth around 12 Yups (circa 8 goes to commentor, 4 goes to upvoter)
1 upvote that upvotes a comment in Bottom is worth 5 (All goes to commentor).
Reminder about our Moderation
If you upvote a comment that’s reported as Spam or comment that should not be rewarded (eg. “Good job” comments) you will lose your right to be rewarded for this task.
We hope you like this new system and it brings you lots of fruitful discussions and reward you fairly.
Do you still have questions? Read more detailed explanation at our helpdesk
All the best,
Your Crowdholding Team