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. -- 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. * 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. ----