Let's replace companies, where you get paid to follow orders, with "open companies" where anyone can join and work on what they want, getting paid according to peer-review. This winter, a startup (itself an open company) is creating an reputation "currency".

1. TOC:
Open
companies
An algorithm
PieTrust Open voting
Applications
PieTrust
Open Companies,
& a reputation
system/trust metric
Thanks to Ryan Patridge for helping
with the presentation!

2. TOC:
Open
companies
An algorithm
Open voting
Applications
PieTrust
Company run like an open source project
Anyone can join
Do whatever they think needs doing
Spend however much time they want

3. TOC:
Open
companies
Traditional Job An algorithm
Open voting
1. Get hired Applications
PieTrust
2. Follow orders
3. Get paid fixed amount
Open company
1.
2. Do what YOU think needs to be done
3. Contributors split project's income based on the value
of their contributions

4. TOC:
Open
companies
Traditional Job An algorithm
Open voting
1. Get hired Applications
PieTrust
2. Follow orders
3. Get paid fixed amount
Open company
1.
2. Do what YOU think needs to be done
3. Contributors split project's income based on the value
of their contributions
Q: How is value assessed?
A: colleagues rate your contribution's value

5. TOC:
Open
companies
An algorithm
Open voting
Applications
PieTrust
111
Rate contributions Combine many Share
ratings into one income
"reputation"

6. TOC:
Open
Iterated giving algorithm companies
An
algorithm
Open voting
Applications
(oversimplification) PieTrust
If you had $100 to give to other contributors, who would you
give it to?

7. TOC:
Open
Iterated giving algorithm companies
An
algorithm
Open voting
Applications
(oversimplification) PieTrust
If you had $100 to give to other contributors, who would you
give it to?

9. TOC:
Open
companies
An
algorithm
Open voting
Applications
What about: PieTrust
Fake user accounts
Collusion
Our algorithm provably limits damage from
these attacks.

10. TOC:
Open
How can an open project be companies
An algorithm
Open voting
Applications
governed democratically? PieTrust
voting

11. TOC:
Open
How can an open project be companies
An algorithm
Open voting
Applications
governed democratically? PieTrust
weighted voting
reputation = how many votes each person gets

12. TOC:
not just for open companies; Open
companies
An algorithm
Open voting
Application
s
PieTrust
money
votes
?

13. TOC:
not just for open companies; Open
companies
An algorithm
Open voting
Application
collaboratively s
PieTrust
distribute limited quantities
money
votes
equity
renown
etc

14. TOC:
Open
companies
An algorithm
Open voting
Other applications Application
s
PieTrust
Peer-review based performance bonuses

15. TOC:
Open
companies
An algorithm
Open voting
Other applications Application
s
PieTrust
Peer-review based performance bonuses
Share ad revenue with contributors to group
blog or website

16. TOC:
Open
companies
An algorithm
Open voting
Other applications Application
s
PieTrust
Peer-review based performance bonuses
Share ad revenue with contributors to group
blog or website
Founders (re)-distribute equity

17. TOC:
Open
companies
An algorithm
Open voting
Other applications Application
s
PieTrust
Peer-review based performance bonuses
Share ad revenue with contributors to group
blog or website
Founders (re)-distribute equity
Recognize contributors to Wikipedia, Yelp, etc
Plus all the usual uses of ratings:
comment moderation
trust strangers
rate skill levels

18. TOC:
Open
companies
An algorithm
Open voting
Other applications Application
s
PieTrust
Reputation “currency” a la Cory Doctorow

19. TOC:
Open
companies
An algorithm
PieTrust is an open company Open voting
Applications
PieTrust
Open source
Decision-making with our own system
Income shared with contributors via the
system

20. TOC:
Open
companies
An algorithm
PieTrust is an open company Open voting
Applications
PieTrust
Open source
Decision-making with our own system
Income shared with contributors via the
system
Join us!
http://pietrust.com