Please find below the
Semi-Finalist Evaluation
Judges'' comments
Proposal: BitTrade: Fair and Inexpensive Cap and Trade with the Blockchain (w/Dividends)
Contest: U.S. Carbon Price
Thank you for your contest entry. We appreciate your willingness to share your ideas and also the time and effort you put into developing a proposal and submitting it to the contest.
We, the Judges, have strongly considered your proposal and found that it contained intriguing elements; however, we have chosen to not advance it to the next round of competition.
We encourage you to keep developing your idea. Transfer your proposal to the Proposal Workspace to re-open it, make edits, add collaborators, and even submit it into a future contest. You can do so by logging into your account, opening your proposal, selecting the Admin tab, and clicking “Move proposal”.
We welcome you to stay involved in the Climate CoLab community: support and comment on proposals that have been named Semi-Finalists and finalists, and even volunteer to join one those teams if you have relevant expertise. During the voting period, you can help select the contest’s Popular Choice Winner. The Climate CoLab will be opening more contests in the coming months, and you are welcome to submit your proposals to those contests as well.
Keep up the great work. We hope that by working together, we all can create solutions that wouldn’t otherwise be possible.
2015 Climate CoLab Judges
Further comments:
The focus on the transaction space for markets is an interesting concept. However, Bitcoin, the model they propose to emulate, has had some problems -- including hacking and theft -- and has been substantially devalued over the past several years from an earlier peak. Notwithstanding this, the idea of a ledger of this sort seems attractive. However, the method for allocating shares is not clearly articulated -- if, as implied, it is one share per person this could lead to abrupt economic dislocations as assets are rapidly redistributed. Also, rate of reduction is not specified -- which in theory implicates value of shares.
The idea of using blockchain technology seems to be new (though as author points out, a proposal to use this feature was also in "Sno-Caps"). The notion of allocation could benefit from being better defined.
The impact will vary as a function of allocation and stringency, which could both benefit from being elaborated upon. The idea of using computer code for verification seems plausible - though compliance still seems potentially suspect. Inasmuch as compliance is a potential problem for countries without functioning markets, this could have a real impact.
The idea of blockchain is interesting, but overall the proposal could benefit from being more clearly framed.
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