IOTA

This is a deposit-based, *insuring*, PropertyLeft, Title+Ticket system:

Imagine we purchase land and tools to create small-scale Villages which are then sovereign governments in their own right.

Here's a sketch for a currency that is backed by the Means of Production and Promises to Labor from Workers or from guilds or unions of sorts.

The IOTA, the Intra-Owner Trade Agreement is backed by:

- Commitments of Sources: These is the physical assets needed to produce food and shelter for those Villagers.

- Commitments of Skills: These are the various kinds of goals that need to be accomplished within the Village.

The IOTA is invalid Unless both of those conditions are met.

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The IOTA enforces the following constraints on Trade:

- Product is Investor's Return: The Product is not sold*, because each Villager already owns the exact** amount of Product from their ownership in Sources. Most Villagers will 'overcommit' as Insurance against low production seasons.
 * Surplus can be sold to those who own insufficient Sources.
 * Predictions are never exact, but we can 'hover' nearby.

- Profit is Payer Investment: When Surplus is sold to non- owners, the Profit must be treated as an Investment from that Payer - so that latecomers gain as much control as  they are willing to Pay, and ultimately Work for.