IOTA

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

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

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

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Groups could issue what I've been calling the IOTA -
the Intra-Owner Trade Agreement which 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 these conditions are met.

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The IOTA enforces the following constraints on the Sources:

- 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.
* Surplus can be sold to those who own insufficient Sources.
** Predictions are never exact, but we can 'hover' nearby.
  Most Villagers will 'overcommit' as Insurance against low
  production seasons.


- 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.
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