Examples of past-looking benefit distribution algorithm - Revision history

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TiberiusB at 16:29, 1 May 2024

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TiberiusB: TiberiusB moved page Examples of Past looking value equation to Examples of past-looking benefit distribution algorithm: terminology has changed from value equation to benefit distribution

2024-05-01T16:29:07Z

TiberiusB moved page Examples of Past looking value equation to Examples of past-looking benefit distribution algorithm: terminology has changed from value equation to benefit distribution

Sensorica-wiki at 03:26, 20 October 2021

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imported>TiberiusB at 06:54, 12 July 2015

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New page

This page presents examples of Past looking [[value equations]] implemented by different OVNs.

: '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create exchange value (market value) to be later exchanged on the market (as a product or service) for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past looking value accounting schemes can be fluid equity-based or debt-based.

=For products provided by the OVN=
Product development is a very long and resource intensive endeavor. Since the level of commitment needed from affiliates is higher, some SENSORICA affiliates advocate an equity-based value accounting. In other words, contributions are evaluated and transferred into [[fluid equity]]. All the contributors have some fluid equity in the open venture (the [[project]]), which is a claim on revenue for the entire life of the product, whether they remain active [[affiliates]] of SENSORICA or move on to other activities not related with the network.

=For services provided by an OVN=
Unlike the development of products, services are easier and less resource intensive to establish than products. Since the level of commitment needed from affiliates is lower, compared to product development [[projects]] some SENSORICA affiliates advocate a debt-based value accounting. In other words, contributions for setting up the venture are evaluated and transferred into debt, that will be paid back from future exchanges (sales). The rationale here is to avoid long-term rent extraction from the service-based venture.

==SENSORICA's 3D course project==
The 3D course was a service SENSORICA affiliated provided in Montreal in the summer of 2014. [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication Open project page]. [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication/3d-course-vas Open the value accounting page] for this project.

[https://docs.google.com/document/d/1fr9uRJAlAITugRJodeE4XXvrrQMJULVdxeNy-wTOGH0/edit Open the Value equation document]

← Older revision		Revision as of 18:05, 26 August 2026
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−	: '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based.	+	: '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based. The ''past-looking'' scheme requires [[ledgers]] to record economic activity and relies on [[validation]] as [[truth]]: what has been recorded has happened.
−
−	The ''past-looking'' scheme requires [[ledgers]] to record economic activity and relies on [[validation]] as [[truth]]: what has been recorded has happened.

	The ''forward-looking'' scheme relies on a different type of [[validation]], to know that what has been planned has been done. See [[Examples of forward-looking benefit distribution algorithm]]		The ''forward-looking'' scheme relies on a different type of [[validation]], to know that what has been planned has been done. See [[Examples of forward-looking benefit distribution algorithm]]

@@ Line 4: / Line 4: @@
 : '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based.
-The past-looking scheme requires [[ledgers]] to record economic activity and relies on [[validation]] as [[truth]]: what has been recorded has happened.
+The ''past-looking'' scheme requires [[ledgers]] to record economic activity and relies on [[validation]] as [[truth]]: what has been recorded has happened.
-The future-looking scheme relies on a different type of [[validation]], to know that what has been planned has been done.
+The ''forward-looking'' scheme relies on a different type of [[validation]], to know that what has been planned has been done. See [[Examples of forward-looking benefit distribution algorithm]]

@@ Line 4: / Line 4: @@
 : '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based.
-The past-looking scheme requires [[ledgers]] to record economic activity., and relies on [[validation]] as [[truth]]: what has been recorded has happened.
+The past-looking scheme requires [[ledgers]] to record economic activity and relies on [[validation]] as [[truth]]: what has been recorded has happened.
 The future-looking scheme relies on a different type of [[validation]], to know that what has been planned has been done.

@@ Line 4: / Line 4: @@
 : '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based.
-The past-looking scheme requires [[ledgers]] to record economic activity., and relies on [[validation]] as truth: what has been recorded has happened.
+The past-looking scheme requires [[ledgers]] to record economic activity., and relies on [[validation]] as [[truth]]: what has been recorded has happened.
 The future-looking scheme relies on a different type of [[validation]], to know that what has been planned has been done.
@@ Line 10: / Line 10: @@
 =For products provided by the OVN=
-[[Product]] development is a very long and resource intensive endeavour. Since the level of commitment needed from affiliates is higher, some [[Sensorica]] [[affiliates]] advocate an equity-based [[contribution]] accounting. In other words, [[contributions]] are evaluated and transferred into [[fluid equity]]. All the contributors have some [[fluid equity]] in the  [[venture]], which is a claim on revenue for the entire life of the [[product]], whether they remain active [[affiliates]] of [[Sensorica]] or move on to other activities not related with the network.
+[[Product]] development is a very long and resource intensive endeavor. Since the level of commitment needed from affiliates is higher, some [[Sensorica]] [[affiliates]] advocate an equity-based [[contribution]] accounting. In other words, [[contributions]] are evaluated and transferred into [[fluid equity]]. All the contributors have some [[fluid equity]] in the  [[venture]], which is a claim on revenue for the entire life of the [[product]], whether they remain active [[affiliates]] of [[Sensorica]] or move on to other activities not related with the network.

@@ Line 2: / Line 2: @@
-: '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create exchange value (market value) to be later exchanged on the market (as a product or service) for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past looking value accounting schemes can be fluid equity-based or debt-based.
+: '''Past looking''' applies to economic processes (ventures) that originate within the OVN, for which the deliverable is not clearly defined, that consume resources to create something valuable, which could be a product to be later exchanged on the market for [[revenue]]. The % of total revenue for every contributor is calculated based on past [[contributions]]. The [[revenue]] is unknown at the beginning or during the process. Past-looking [[contribution]] accounting schemes can be fluid equity-based or debt-based.
 =For products provided by the OVN=
-Product development is a very long and resource intensive endeavor. Since the level of commitment needed from affiliates is higher, some [[Sensorica]] affiliates advocate an equity-based value accounting. In other words, contributions are evaluated and transferred into [[fluid equity]]. All the contributors have some fluid equity in the open venture (the [[venture]]), which is a claim on revenue for the entire life of the product, whether they remain active [[affiliates]] of [[Sensorica]] or move on to other activities not related with the network.
+[[Product]] development is a very long and resource intensive endeavour. Since the level of commitment needed from affiliates is higher, some [[Sensorica]] [[affiliates]] advocate an equity-based [[contribution]] accounting. In other words, [[contributions]] are evaluated and transferred into [[fluid equity]]. All the contributors have some [[fluid equity]] in the  [[venture]], which is a claim on revenue for the entire life of the [[product]], whether they remain active [[affiliates]] of [[Sensorica]] or move on to other activities not related with the network.
 =For services provided by an OVN=
-Unlike the development of products, services are easier and less resource intensive to establish than products. Since the level of commitment needed from affiliates is lower, compared to product development [[ventures]] some [[Sensorica]] affiliates advocate a debt-based value accounting. In other words, contributions for setting up the venture are evaluated and transferred into debt, that will be paid back from future exchanges (sales). The rationale here is to avoid long-term rent extraction from the service-based venture.
+Unlike the development of [[products]], services are easier and less [[resource]] intensive to establish than [[products]]. Since the level of [[commitment]] needed from [[affiliates]] is lower, compared to [[product]] development [[ventures]] some [[Sensorica]] [[affiliates]] advocate a debt-based contribution accounting. In other words, [[contributions]] for setting up the [[venture]] are evaluated and transferred into debt, that will be paid back from future exchanges (sales). The rationale here is to avoid long-term rent extraction from the service-based [[venture]].
 ==Sensorica's 3D course venture==
 The 3D course was a service [[Sensorica]] affiliated provided in Montreal in the summer of 2014. [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication/3d-course-vas Open the value accounting page] for this project. [https://docs.google.com/document/d/1fr9uRJAlAITugRJodeE4XXvrrQMJULVdxeNy-wTOGH0/edit Open the Value equation document]

← Older revision		Revision as of 16:29, 1 May 2024
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−	This page presents examples of Past looking [[~~value equations~~]] implemented by different OVNs.	+	This page presents examples of Past looking [[benefit distribution algorithm]] implemented by different OVNs.