irta conference barter 3.0 - asset-based credit
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Barter 3.0
A Flight to Simplicity
Chris Cook
IRTA Convention Ocho Rios
14th September 2012
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Barter 3.0 - Asset-based Credit Direct 'Peer to Asset' investment in the use value
over time of productive assetsProduction and/or revenue sharing between
investor and user of investment for as long as the investment is used
There is a return on investment in 'money's worth' but no money purely for the use of money
Sharing of risk and reward – no defaultTwo key classes: land/location based credit, and
energy-based credit
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Capital Partnership – 'Nondominium'
CustodianCustodian
Investors
Payment
% %
Use
Managers
Users
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Capital Partnership reinvents Equity
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Equity Shares - % age shares in flows of revenue or production
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Stock – returnable in payment for use value eg rentals, Kilowatt Hours
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Capital Partnerships are not Organisations
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They do not own anything, do anything, employ anyone, or contract with anyone...
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Nondominium requires no legislation
Custodians(National)
Custodians(National)
Financial Capital(Money, IP etc)
Financial Capital(Money, IP etc)
UsersUsers
Human Capital(Developers, Operators)
% %
Payment
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Land-based Stock – undated credits returnable in payment for occupation
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Custodian is appointed or incorporated
Houses CustodianCustodian
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Rental is agreed
Custodian
Occupiers
Rental
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Proportional Share allocated to Manager
Custodian
Occupiers
Manager
%
Rental
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Balance available for unitisation and sale
Custodian
Investors
Occupiers
Managers
% %
Rental
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Units of rental stock are sold to Investors at a discount to the rental value
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The discount and actual rental flow determines the rate of return
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Investors lend direct to the land – not to the owner
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Energy Pool
CustodianCustodian
InvestorInvestor
UserUser
Energy Energy
Energy
ManagerManager
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Stock - returnable in payment for energy
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Mega Watts: renewables funded by issuing stock from future production.
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Nega Watt energy savings - the cheapest energy - funded by an Energy Loan
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Energy Loans in KwH made to properties & repaid via utility bills out of energy saved
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Funded by investors through buying Units of energy stock – energy loans
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Energy Loan of $5,00050 Units of 1 Megawatt Hour @ $100 per Unit
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5,000 Units of 10 Kilowatt Hours @ $1.00 per Unit...and so on
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Reduced energy bill paid to power supplier for energy consumed
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Energy loan repaid through buying units of stock from the Pool at the market price
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Saving energy is saving money
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Outcome – local stock exchanges?Dollars' worth of Land-based credit/stock will be
acceptable in settlement of obligations within a geographic area
Dollar's worth of energy-based credit/stock is acceptable in settlement everywhere
Possibility of community level stock (not share!) exchanges with settlement in dollar's worth – not dollars
The barter industry is perfectly placed to lead the transition to Market 3.0
A networked and resilient economy may be built from the ground up with no change in any law
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SummaryNewClear architecture enables extension of B2B to
B2C through what present itself as a community-owned VISA
21st century forms of stock open up the possibility of community-based stock exchanges
The barter industry could lead bothWhat are you waiting for?
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Thank You
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