Imagine no possessions; I wonder if you can. John Lennon
The “no money” concept is a paradigm shift from a single mono currency (national money) to multiple currencies which have each other as reserves as well as their unique value input as a commitment.
The other paradigm shift "no possessions" is about private ownership or possession, compared to sharing ownership of an asset or enterprise, a share of benefits, an allocation, a role in the entirety of all the required contributions, a share of “to have and to hold”, to make available, appreciate, enjoy, improve and maintain.
More viable than single token ecosystem: The 80/20 dual token network model.
A) 80% (market cap) native primary stable token, unit shares of liquidity basket for spending and financial transactions. B) 20% (proportional issuance) tertiary staking token for saving, investment in the ecosystem, prefunding the ecosystem budgets and securing the consensus validation network.
An example peer enterprise: building tenancy cooperative
Tenants of a building purchase peer enterprise credits to pay rent via the building operator. Building credits can be purchased by depositing to the enterprise reserve, any of the types of tokens in which the building operator usually spends. For example Land Lease tokens, Municipal Services tokens, electricity tokens, building maintenance service tokens, building insurance tokens etc.
When the building operator receives rent payment they redeem enough tokens, an amount required to pay the building expenses, to pay the Land Lease, municipality, maintenance, operator wages etc, a portion of rent payment is budgeted for future expenses and lastly to reward enterprise & operator investors, which have funded the enterprise and secured the network with node staking.
Anyone could invest in the peer enterprise ecosystem which includes the building & operator. Since the peer enterprise building credits are exchangeable with peer enterprise shares, bulk purchase of credits can be partially saved as shares. Shares are convertible to credits, when needed to pay rent. Meanwhile the credits are stable value tokens useful in the local economy. Building credits are likely to be used to purchase other types of credits such as the enterprises which are renting in the building.
Looking at the micro fractal: all of the building tenants spend building credits and hold them in their own reserves. Their reserves are represented as unit credits, which their clients pay for their services. A peer enterprise, issues credits with a reserve of tokens partially with tokens of those paying them their rates and partially with tokens required for regular expenses.
The building, the tenants, land operator and municipality all have budgets & funding requirements. They issue an ecosystem & operator staking token, as a means of managing budget reserves and prefunding their enterprise. Their clients are willing to purchase their credits to pay for services and in bulk with excess converted to ecosystem shares or stake. A significant amount of tokens are circulating as stable value currency and held in various reserves, a network of enterprises trading in the local and regional economy.
Looking at the macro: local and regional municipality & governance, land and natural resources, such as common road works, fibre and farm produce, energy, water and recycle management, are widely funded and operated by the gamete, the collection of economic, social and environmental interests which require them.
Co-here Locality Tokens is conceived on this model :)
I’m excited to present you this first draft - and with your help it can be greatly improved and useful to many. To be clear, I would be very happy to co-author this narrative, with your valuable contributions. Take it away... 🐣hatchers and seeders!
Jason at hubway.net