Change Line | Seth’s blog.
This is a business idea for you, if you are interested, feel free to build it.
Don’t waste the waiting list.
The waiting list has value, and it’s a source of frustration.
There are people who are waiting for the delivery of a new car, or want to stay in a popular Airbnb or buy a limited edition jigsaw puzzle. Here people are waiting for appointments or reservations or handmade luxury items. Or say two companies are waiting for a shipment of computer chips. One has something left in stock, the other needs to get rid of a high-value product that offers people in deadly situations.
On the one hand, it feels fair. People ahead of us in the line got there before we got there. On the other hand, maybe someone behind us wants our slot way more than us or not;
Line switching is a simple smart contract-based system that makes it easy to trade your space on the line. Pay someone who wants cash and you can exchange with them. Sell your space far more than you think. Keep it if you want.
This solves the problem with our current shortage because of the supply chain as well as the corrupt business mentality.
How it works:
The waiting list organization enables swaptheline.com.
They board the ship with two simple steps:
- Uploading their waitlist (status and identifier) to the cloud.
- Warn people on the waiting list that the swapline is helpful.
If you’re willing to move to another location on the list, enter how much you’re willing to pay. Or enter how much you’re willing to exchange with someone behind you.
Maybe there is a bidding list and you can catch it, or maybe it will happen automatically.
Either way, the system just updates the waitlist in the cloud and transfers money.
A small percentage of the transaction goes to the host, and a small percentage goes to the soft line to run smart contracts and the user interface that makes it work.
There is a well-known jigsaw puzzle company that has a six-month waiting list to buy their $ 200 jigsaw puzzles. If they have a 15% soft line, it’s easy to see how they can double their profits when they better serve their customers – because no one buys or sells a spot on the line.
Or consider the 50,000 people who are now eagerly awaiting news about their new Raven pickup truck. The truck costs $ 70,000. The deposit to get on line was 1,000. A person can replace someone at # 100 with someone who is # 18,000 and maybe half the car is enough to pay. And if even 10% of the line exchanged at an average price of $ 6,000, Raven would make only $ 5,000,000 profit by giving its customers whatever it wanted. Line hardening is a type of tax that ignores the market.
Or maybe it’s something more urban minded. The organization can set its own percentage, perhaps 50 percent for a local charity. It can easily turn into a fundraising gala or two;
This is one of hundreds of examples of impossible things that can always be networked, things that seem strange at first and then obvious.