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<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
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<html xmlns="http://www.w3.org/1999/xhtml" lang="en" xml:lang="en">
<head>
<title>diary-feb-2012 </title>
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</head>
<body>
<p class='header'>
<a href="_home.htm">Home</a> | <a href="_faq.htm">FAQ</a> | <a href="_thesis.htm">Thesis</a> | <a href="_diary.htm">Diary</a> | <a href="_projects.htm">Projects</a> | <a href="resume.htm">Resume</a> | <a href="_todo.htm">Todo</a> | <a href="_index.htm">Index</a> |<p>
<p class='main'><span class="rel">Related:</span> <a href="diary.htm">diary</a><br/>
<br/>
<hr/><span class="date">Feb-22-2012:</span> <br/>
Here are some of my comparisons so far.<br/>
Cook's begin C:, Anderson's with A:<br/>
<br/>
C: Nondominium: Associative, consensual <a href="agree.htm">agree</a>ment for sharing <a href="sourc.htm">Sourc</a>es.<br/>
A: <a href="iota.htm">IOTA</a>: Intra-<a href="own.htm">Own</a>er <a href="trad.htm">Trad</a>e <a href="agree.htm">Agree</a>ment for sharing <a href="sourc.htm">Sourc</a>es and swapping <a href="skill.htm">Skill</a>s.<br/>
<br/>
<br/>
C: Unitization: Units comprise a loan by inve<a href="stor.htm">stor</a>s direct to the <a href="land.htm">land</a>.<br/>
A: Pre-<a href="pay.htm">Pay</a>: Consumers <a href="fund.htm">fund</a> <a href="produc.htm">produc</a>tion, become <a href="real.htm">real</a> <a href="co-own.htm">co-own</a>er of the <a href="sourc.htm">Sourc</a>es, and so <a href="own.htm">own</a> the <a href="produc.htm">Produc</a>t as the natural return for those holdings.<br/>
A: I sometimes write this as:<br/>
A: <a href="produc.htm">Produc</a>t is the Inve<a href="stor.htm">stor</a>'s Return<br/>
<br/>
<br/>
C: Any a<a href="mount.htm">mount</a> paid in excess of <a href="rent.htm">rent</a>al will buy units.<br/>
A: Any a<a href="mount.htm">mount</a> paid in excess of <a href="cost.htm">cost</a> will buy <a href="sourc.htm">Sourc</a>es.<br/>
A: I sometimes write this as:<br/>
A: <a href="profit.htm">Profit</a> is the <a href="pay.htm">Pay</a>er's Investment<br/>
<br/>
C: Sellers give buyers interest-<a href="free.htm">free</a> cr<a href="edit.htm">edit</a> or "time to <a href="pay.htm">pay</a>"<br/>
A: <br/>
<br/>
<br/>
C: Capital <a href="part.htm">Part</a>nership -- Direct P2P investment in <a href="produc.htm">produc</a>tive assets<br/>
A: Burn-Ring <a href="fund.htm">Fund</a>ing <a href="mod.htm">Mod</a>el --<br/>
<br/>
C: <a href="produc.htm">Produc</a>tive assets are held by a custodian <br/>
<br/>
C: Inve<a href="stor.htm">stor</a> put in <a href="mone.htm">mone</a>y or <a href="mone.htm">mone</a>y's worth<br/>
A: Investments are commitments of <a href="sourc.htm">Sourc</a>es and <a href="skill.htm">Skill</a>s<br/>
<br/>
<a class="ext" href="http://www.policyinnovations.org/ideas/innovations/data/000085">http://www.policyinnovations.org/ideas/innovations/data/000085</a><br/>
<a class="ext" href="https://blogs.ucl.ac.uk/resilience/2011/06/10/the-irish-patient">https://blogs.ucl.ac.uk/resilience/2011/06/10/the-irish-patient</a><br/>
<a class="ext" href="https://blogs.ucl.ac.uk/resilience/2011/10/04/nondominium-establishing-consensus-and-collaboration-for-the-caspian-nations/">https://blogs.ucl.ac.uk/resilience/2011/10/04/nondominium-establishing-consensus-and-collaboration-for-the-caspian-nations/</a><br/>
<br/>
<br/>
<hr/><span class="date">Feb-22-2012:</span> <br/>
<br/>
<a class="ext" href="http://www.marxists.org/archive/marx/works/1865/value-price-profit/ch02.htm#c6">http://www.marxists.org/archive/marx/works/1865/value-price-profit/ch02.htm#c6</a><br/>
<span class="quot">> In saying that the value of a commodity is determined by the quantity of labour <a href="work.htm">work</a>ed up or crystallized in it, we mean the quantity of labour necessary for its <a href="produc.htm">produc</a>tion in a given <a href="stat.htm">stat</a>e of society, under certain social average conditions of <a href="produc.htm">produc</a>tion, with a given social average intensity, and average <a href="skill.htm">skill</a> of the labour <a href="employ.htm">employ</a>ed.</span><br/>
<br/>
<br/>
<hr/><span class="date">Feb-22-2012:</span> <br/>
Melvin Carvalho wrote:<br/>
<br/>
<span class="quot">> I'm <a href="start.htm">start</a>ing to think of <a href="mone.htm">mone</a>y as</span><br/>
<span class="quot">> functions of both debt and TRUST.</span><br/>
<br/>
<a href="imag.htm">Imag</a>ine a <a href="mone.htm">mone</a>y where each <a href="note.htm">note</a> is a<br/>
claim over the <a href="sourc.htm">Sourc</a>es and <a href="skill.htm">Skill</a>s<br/>
required for <a href="produc.htm">produc</a>tion.<br/>
<br/>
Debt as a "<a href="promis.htm">promis</a>e to <a href="pay.htm">pay</a>" means a<br/>
<a href="work.htm">work</a>er can <a href="promis.htm">promis</a>e apply his <a href="skill.htm">Skill</a>s<br/>
in the future for food and shelter today.<br/>
<br/>
TRUST as the <a href="land.htm">land</a>, plants, tools, etc.<br/>
needed to host that <a href="produc.htm">produc</a>tion.<br/>
<br/>
This <a href="curr.htm">curr</a>ency represents 3 things:<br/>
<br/>
0. A <a href="produc.htm">PRODUC</a>T of some predicted type, quantity and quality.<br/>
<br/>
1. Commitments of the <a href="sourc.htm">SOURC</a>ES such as <a href="land.htm">land</a>, mineral/water rights, <a href="buil.htm">buil</a>dings, tools, etc. required for <a href="produc.htm">produc</a>tion. This <a href="co-own.htm">co-own</a>ed <a href="proper.htm">proper</a>ty must be constrained by legally binding social contract. See the <a href="gnu.htm">GNU</a> <a href="general public law.htm">General Public Law</a> and <a href="proper.htm">Proper</a>ty<a href="left.htm">Left</a> for attempts.<br/>
<br/>
2. Commitments of all the <a href="skill.htm">SKILL</a>S required for <a href="produc.htm">produc</a>tion.<br/>
<br/>
<br/>
For example:<br/>
0. One dozen grade A, medium chicken eggs every week.<br/>
<br/>
1. <a href="co-own.htm">Co-own</a>ership in <a href="land.htm">land</a> and tools etc. of a chicken farm and to grow their feed.<br/>
<br/>
2. Commitments from all the people required to <a href="mak.htm">mak</a>e it happen.<br/>
<br/>
THIS <a href="title.htm">TITLE</a> IS A PREDICTION OF PERFORMANCE<br/>
#0 IS <a href="insur.htm">INSUR</a>ED ONLY IF #1 AND #2 ARE SECURED<br/>
<br/>
<br/>
<br/>
<hr/><span class="date">Feb-21-2012:</span> <br/>
<br/>
<span class="quot">> create a collective/joint <a href="agree.htm">agree</a>ment and entity as a</span><br/>
<span class="quot">> 'Custodian' of commons such as <a href="land.htm">land</a> and <a href="know.htm">know</a>ledge,</span><br/>
<br/>
<span class="quot">> the various stakeholders have a negative right of veto</span><br/>
<span class="quot">> not the dominant positive rights of a <small>(divine right of</span><br/>
<span class="quot">> capital)</small> <a href="own.htm">own</a>er, or the positive control exercised by a</span><br/>
<span class="quot">> Trustee on behalf of a beneficiary.</span><br/>
<br/>
<span class="quot">> create an associative/several <a href="agree.htm">agree</a>ment between</span><br/>
<span class="quot">> the same stakeholders individually.</span><br/>
<span class="quot">> ie the '<a href="user.htm">User</a>' group and the 'Manager' group.</span><br/>
<br/>
<span class="quot">> Investment will come from selling forward the</span><br/>
<span class="quot">> <a href="use.htm">use</a> value simply by creating cr<a href="edit.htm">edit</a>s redeemable</span><br/>
<span class="quot">> in <a href="pay.htm">pay</a>ment for it.</span><br/>
<br/>
This recent presentation is relevant<br/>
<br/>
<a class="ext" href="http://www.slideshare.net/ChrisJCook/keith-community-partnership">http://www.slideshare.net/ChrisJCook/keith-community-partnership</a><br/>
<br/>
The point is that the future 'Society 3.0' does not involve<br/>
interme<a href="diary.htm">diary</a> organisations extracting <a href="profit.htm">profit</a> or <a href="rent.htm">rent</a> in one from or<br/>
another, but with collective and associative <a href="agree.htm">agree</a>ments for self-<br/>
organisation,and the creation, sharing and exchange of surplus value<br/>
in all its forms, of which our existing <a href="curr.htm">curr</a>ency is not one.<br/>
<br/>
Best Regards<br/>
<br/>
Chris Cook<br/>
<br/>
<br/>
<hr/><span class="date">Feb-21-2012:</span> <br/>
<br/>
<span class="quot">> the dividend paid is their fair share of the <a href="profit.htm">profit</a></span><br/>
<span class="quot">> based on how much they have invested <small>(i.e. spent)</small>.</span><br/>
<br/>
this is similar to my <a href="prop.htm">prop</a>osal,<br/>
but the devil is in the details.<br/>
<br/>
Let's rewrite the two <a href="mod.htm">mod</a>els in 'restricted'<br/>
language to more carefully compare them:<br/>
<br/>
<span class="h4">====Consumer Co-Op</span><br/>
Members do NOT <a href="own.htm">own</a> the <a href="produc.htm">Produc</a>t as a result of <a href="co-own.htm">co-own</a>ing <a href="sourc.htm">Sourc</a>es,<br/>
and so must always buy the <a href="produc.htm">Produc</a>t from the Entity and <a href="pay.htm">pay</a> <a href="profit.htm">Profit</a>.<br/>
<br/>
NON-Members buy the <a href="produc.htm">Produc</a>t from the Entity and <a href="pay.htm">pay</a> <a href="profit.htm">Profit</a><br/>
but do NOT become Members.<br/>
<br/>
<a href="profit.htm">Profit</a> is treated as reward for the <a href="curr.htm">curr</a>ent Members,<br/>
causing that <a href="pay.htm">pay</a>er to remain a NON-Member.<br/>
<br/>
<span class="h4">====<a href="imput.htm">Imput</a>ed <a href="produc.htm">Produc</a>tion</span><br/>
Members <a href="own.htm">own</a> the <a href="produc.htm">Produc</a>t as a result of <a href="co-own.htm">co-own</a>ing the <a href="sourc.htm">Sourc</a>es,<br/>
and so do NOT buy the <a href="produc.htm">Produc</a>t and do NOT <a href="pay.htm">pay</a> <a href="profit.htm">Profit</a>.<br/>
<br/>
NON-Members buy the <a href="produc.htm">Produc</a>t from the Entity and <a href="pay.htm">pay</a> <a href="profit.htm">Profit</a><br/>
and become Members as the Entity invests that ovepayment<br/>
into more <a href="sourc.htm">Sourc</a>es that will vest as <a href="real.htm">real</a> <a href="co-own.htm">co-own</a>ership to<br/>
that <a href="new.htm">new</a> Member at some point in the future.<br/>
<br/>
<a href="profit.htm">Profit</a> is treated as an Investment from the NON-Member,<br/>
causing that <a href="pay.htm">pay</a>er to incrementally become a Member.<br/>
<br/>
<span class="h4">====Glossary</span><br/>
<a href="sourc.htm">Sourc</a>es: The Means of <a href="produc.htm">Produc</a>tion such as <a href="land.htm">land</a>, plants, tools.<br/>
<a href="produc.htm">Produc</a>t: Any good or service offered by the Entity.<br/>
Entity: The group of humans with <a href="title.htm">Title</a> to a shared <a href="proper.htm">proper</a>ty.<br/>
Member: One human within an Entity.<br/>
NON-Member: One human with insufficient <a href="co-own.htm">co-own</a>ership in <a href="sourc.htm">Sourc</a>es,<br/>
so must resort to buying <a href="produc.htm">Produc</a>t and <a href="pay.htm">pay</a>ing <a href="profit.htm">Profit</a>.<br/>
<br/>
<br/>
<hr/><span class="date">Feb-21-2012:</span> Consumer Hosted <a href="produc.htm">Produc</a>tion -- from indie to interdie<br/>
<br/>
<br/>
<br/>
<hr/><span class="date">Feb-20-2012:</span> <br/>
<br/>
<span class="quot">> Consumer co-ops, of which there are 1000s,</span><br/>
<span class="quot">> are <a href="own.htm">own</a>ed by the consumers.</span><br/>
<br/>
And yet they still *buy* from themselves,<br/>
collect <a href="profit.htm">Profit</a> during that transaction, and<br/>
then dole out those <a href="fund.htm">fund</a>s in whatever way<br/>
they deem 'ethical' without regard for the<br/>
system as a whole.<br/>
<br/>
It's as though the high-pressure line to the<br/>
steam engine's governor valve were disconnected<br/>
and then pointed at various <a href="part.htm">part</a>s of the engine<br/>
or the boiler or wheels of an out-of-control<br/>
train representing the <a href="econ.htm">econ</a>omy.<br/>
<br/>
This is warmed-over Capitalism with a sprinkle<br/>
of charity for public relations.<br/>
<br/>
Since they seek <a href="profit.htm">Profit</a> just as all Capitalists,<br/>
these co-ops also suffer when <a href="pric.htm">Pric</a>e approaches<br/>
<a href="cost.htm">Cost</a>s because their Inve<a href="stor.htm">stor</a>s demand <a href="profit.htm">Profit</a> as<br/>
a Return for the risk they took.<br/>
<br/>
Just as the Capitalists, these co-ops cannot<br/>
allow full and absolute abundance at the <a href="real.htm">real</a><br/>
<a href="cost.htm">Cost</a>s of <a href="produc.htm">produc</a>tion, let <a href="profit.htm">Profit</a> fail.<br/>
<br/>
<a href="pric.htm">Pric</a>es are not <a href="imput.htm">Imput</a>ed in Consumer Co-Ops because<br/>
they are internally no <a href="diff.htm">diff</a>e<a href="rent.htm">rent</a> from any other<br/>
business with a goal to keep <a href="pric.htm">Pric</a>e above <a href="cost.htm">Cost</a>.<br/>
<br/>
<br/>
<span class="quot">> The Co-op Group in the UK is a consumer co-op</span><br/>
<span class="quot">> with over £10billion turnover.</span><br/>
<br/>
And yet they have not overgrown the Capitalists<br/>
to retake the governments - though if they did<br/>
it still would not solve the underlying drive<br/>
to scarcify and destroy because these co-ops<br/>
<span class="bullet">*</span>also* seek <a href="profit.htm">Profit</a>, and so can never be satiated.<br/>
<br/>
<br/>
<span class="quot">> Personally I much prefer multi-stakeholder co-ops</span><br/>
<span class="quot">> that are <a href="own.htm">own</a>ed by <a href="work.htm">work</a>ers, customers, inve<a href="stor.htm">stor</a>s together</span><br/>
<br/>
I want that too, in a certain manner.<br/>
<br/>
Every <a href="work.htm">Work</a>er is necessarily a Consumer.<br/>
And every Consumer can be and Inve<a href="stor.htm">stor</a>.<br/>
<br/>
<br/>
<hr/><span class="date">Feb-20-2012:</span> <br/>
CSAs and coops are rarely <a href="co-own.htm">co-own</a>ed by the Consumers, and so those Consumers can only visit the farm as observers, or as a very limited <a href="part.htm">part</a>icipants.<br/>
<br/>
We must have *<a href="real.htm">real</a>* <a href="own.htm">own</a>ership. We cannot do with anything less.<br/>
<br/>
We will continue to hope and plead with the <a href="own.htm">own</a>ers to do the right thing until we are the <a href="title.htm">Title</a> holders.<br/>
<br/>
Furthermore, in almost all cases the <a href="produc.htm">Produc</a>t is being sold and <a href="profit.htm">Profit</a> is being collected and then haphazardly distributed in some well-intended ways that usually do little to stablize the system.<br/>
<br/>
Collecting <a href="profit.htm">Profit</a> from the sale of Surplus is important, but <a href="profit.htm">Profit</a> must be treated as Growth Vector in need of direction lest the steam engine wind out of our control.<br/>
<br/>
We can 'reflect' <a href="profit.htm">Profit</a> <a href="back.htm">back</a> at the <a href="pay.htm">Pay</a>er by co-buying even more <a href="sourc.htm">Sourc</a>es that become that <a href="pay.htm">Pay</a>er's <a href="real.htm">real</a> <a href="proper.htm">Proper</a>ty.<br/>
<br/>
This causes <a href="profit.htm">Profit</a> to safely approach 0 so Society can again approach Security.<br/>
<br/>
<br/>
<hr/><span class="date">Feb-20-2012:</span> <br/>
This is a call<br/>
to gather together<br/>
to purchase the <a href="land.htm">land</a>,<br/>
the plants and animals and tools<br/>
for the food and housing we all need<br/>
for no more than the <a href="skill.htm">skill</a>s we apply for each other.<br/>
Then we will <a href="liv.htm">liv</a>e in peace without <a href="pay.htm">pay</a>ing tribute to others.<br/>
But this cannot happen until we understand why we <a href="pay.htm">pay</a> now.<br/>
<br/>
~~~~<br/>
<small>[dreaming]</small><br/>
<br/>
Why do we <a href="pay.htm">pay</a>?<br/>
Who do we <a href="pay.htm">pay</a>?<br/>
<br/>
What do we want?<br/>
What do we need?<br/>
<br/>
<small>[awakening]</small><br/>
~~~~<br/>
<br/>
The <a href="sourc.htm">Sourc</a>e <a href="own.htm">Own</a>er does not buy <a href="obj.htm">Obj</a>ectives.<br/>
<br/>
The chicken <a href="own.htm">own</a>er does not buy eggs.<br/>
The cattle <a href="own.htm">own</a>er does not buy milk.<br/>
The beehive <a href="own.htm">own</a>er does not buy honey.<br/>
<br/>
This is pre-allocation.<br/>
The <a href="produc.htm">produc</a>t is not bought or sold,<br/>
because the <a href="user own.htm">user own</a>s it already.<br/>
<br/>
<span class="bullet">.</span>..<br/>
<br/>
But what about the <a href="work.htm">work</a>er?<br/>
How do we swap our <a href="skill.htm">skill</a>s?<br/>
<br/>
Can we pre-allocate that too?<br/>
This is more like scheduling.<br/>
<br/>
ommits to specific <a href="work.htm">work</a> in the future<br/>
<br/>
<br/>
<br/>
<hr/><span class="date">Feb-10-2012:</span> <br/>
<a href="produc.htm">Produc</a>tion can be for the <a href="use.htm">Use</a>-Value of that <a href="produc.htm">Produc</a>t, but ONLY if the Consumers <a href="co-own.htm">co-own</a> the <a href="sourc.htm">Sourc</a>es and accept <a href="produc.htm">Produc</a>t as their Return.<br/>
<br/>
In <a href="use.htm">Use</a>-Value <a href="produc.htm">Produc</a>tion, the <a href="produc.htm">Produc</a>t is never sold* because it is already the <a href="proper.htm">Proper</a>ty of the person who will <a href="use.htm">Use</a> it. You might say it is "pre-distributed".<br/>
<br/>
In <a href="use.htm">Use</a>-Value <a href="produc.htm">Produc</a>tion, scarcity is not goal, and abundance is not dangerous. For example, if you <a href="co-own.htm">co-own</a> a <a href="diary.htm">diary</a> for your <a href="own.htm">own</a> benefit, then it does you no harm when another corporation 'dumps' milk in the area because you, as a <a href="co-own.htm">co-own</a>er, are not attempting to SELL the milk.<br/>
<br/>
Only Consumers can Invest for <a href="use.htm">Use</a>-Value <a href="produc.htm">Produc</a>tion because only Consumers can accept <a href="produc.htm">Produc</a>t as a Return for that risk.<br/>
<br/>
<small>(*)</small> During Surplus, the <a href="produc.htm">Produc</a>t can be sold to non-<a href="own.htm">own</a>ers, and we should even charge <a href="profit.htm">Profit</a> against those latecomers, but must treat that overpayment as an Investment from that <a href="pay.htm">Pay</a>er - so that each Consumer slowly gains the <a href="co-own.htm">co-own</a>ership needed to discontinue purchasing that <a href="produc.htm">Produc</a>t in the future.<br/>
<br/>
<hr/><span class="date">Feb-10-2012:</span> <br/>
<a href="produc.htm">Produc</a>t: Any good or service.<br/>
<br/>
<a href="sourc.htm">Sourc</a>es: All the <a href="land.htm">land</a> and tools required for <a href="produc.htm">Produc</a>tion.<br/>
<br/>
<a href="skill.htm">Skill</a>s: All the human interaction with <a href="sourc.htm">Sourc</a>es required for <a href="produc.htm">Produc</a>tion.<br/>
<br/>
<a href="proper.htm">Proper</a>ty: A social <a href="agree.htm">agree</a>ment defining a claim over <a href="sourc.htm">Sourc</a>es and the <a href="produc.htm">Produc</a>ts of those <a href="sourc.htm">Sourc</a>es.<br/>
<a href="own.htm">Own</a>er: A <a href="proper.htm">Proper</a>ty-holding human.<br/>
<br/>
<a href="proper.htm">Proper</a>ly: A social <a href="agree.htm">agree</a>ment defining a claim over <a href="skill.htm">Skill</a>s.<br/>
<a href="art.htm">Art</a>isan: A <a href="skill.htm">Skill</a>s-holding human.<br/>
<br/>
Invest: To Commit <a href="sourc.htm">Sourc</a>es or <a href="skill.htm">Skill</a>s to future <a href="produc.htm">Produc</a>tion in return for <a href="co-own.htm">co-Own</a>ership in the <a href="sourc.htm">Sourc</a>es and the <a href="produc.htm">Produc</a>ts of those <a href="sourc.htm">Sourc</a>es.<br/>
<br/>
Commit: To <a href="mak.htm">mak</a>e a legally binding <a href="agree.htm">agree</a>ment transferring <a href="proper.htm">Proper</a>ty or <a href="proper.htm">Proper</a>ly to one or more other humans.<br/>
<br/>
<a href="produc.htm">Produc</a>tion: <a href="art.htm">Art</a>isans applying <a href="skill.htm">Skill</a>s to <a href="sourc.htm">Sourc</a>es across Time to create <a href="produc.htm">Produc</a>ts.<br/>
<br/>
Wages: <br/>
<br/>
<a href="pric.htm">Pric</a>es:<br/>
<br/>
<br/>
<a href="profit.htm">Profit</a>: <a href="pay.htm">Pay</a>er dependence upon <a href="own.htm">Own</a>ers.<br/>
<a href="profit.htm">Profit</a>: 1/<a href="proper.htm">Proper</a>ty<br/>
<a href="profit.htm">Profit</a>: <a href="pric.htm">Pric</a>e - <a href="cost.htm">Cost</a>s<br/>
<br/>
<a href="pric.htm">Pric</a>e: <a href="cost.htm">Cost</a>s + <a href="profit.htm">Profit</a><br/>
<br/>
<a href="cost.htm">Cost</a>s: All the environmental and <br/>
<br/>
<br/>
<hr/><span class="date">Feb-07-2012:</span> <br/>
Kellia wrote:<br/>
<span class="quot">> token never acquires a value a<a href="part.htm">part</a></span><br/>
<span class="quot">> from the things that it stands for.</span><br/>
<br/>
<span class="quot">> how do you keep it from obtaining</span><br/>
<span class="quot">> independent intrinsic value?</span><br/>
<br/>
<span class="quot">> There must be another <a href="part.htm">part</a> of the</span><br/>
<span class="quot">> social contract that forbids it.</span><br/>
<br/>
I understand what you mean.<br/>
<br/>
On the one hand I think <a href="own.htm">own</a>ers who<br/>
intend to keep the <a href="sourc.htm">SOURC</a>ES for the<br/>
<a href="produc.htm">PRODUC</a>T will naturally take care of<br/>
that <a href="proper.htm">proper</a>ty and <a href="trad.htm">trad</a>e the <a href="skill.htm">SKILL</a>S<br/>
needed to achieve that <a href="produc.htm">produc</a>tion.<br/>
<br/>
On the other hand, the <a href="own.htm">own</a>er might<br/>
want to pretend the Token is valid<br/>
once he decides to <a href="use.htm">use</a> it in <a href="trad.htm">trad</a>e.<br/>
<br/>
I'm not sure what we can do other<br/>
than maybe require a 'notice' on<br/>
Tokens using our social contract.<br/>
<br/>
The notice would explain the <a href="produc.htm">PRODUC</a>T<br/>
is an expected but not guaranteed<br/>
quantity and quality.<br/>
<br/>
The social contract itself would<br/>
contain instructions about how this<br/>
notice must be legible and even a<br/>
prominent <a href="part.htm">part</a> of the coin or card.<br/>
<br/>
<br/>
<hr/><span class="date">Feb-07-2012:</span> <a href="real.htm">Real</a> <a href="insur.htm">Insur</a>ance<br/>
<br/>
<a href="imag.htm">Imag</a>ine a Token system <small>(a <a href="curr.htm">curr</a>ency)</small> representing 3 things:<br/>
<br/>
0. A <a href="produc.htm">PRODUC</a>T of some predicted type, quantity and quality.<br/>
<br/>
1. Commitments of the <a href="sourc.htm">SOURC</a>ES such as <a href="land.htm">land</a>, mineral/water rights, <a href="buil.htm">buil</a>dings, tools, etc. required for <a href="produc.htm">produc</a>tion. This <a href="co-own.htm">co-own</a>ed <a href="proper.htm">proper</a>ty must be constrained by legally binding social contract. See the <a href="gnu.htm">GNU</a> <a href="general public law.htm">General Public Law</a> and <a href="proper.htm">Proper</a>ty<a href="left.htm">Left</a> for attempts.<br/>
<br/>
2. Commitments of all the <a href="skill.htm">SKILL</a>S required for <a href="produc.htm">produc</a>tion.<br/>
<br/>
<br/>
For example:<br/>
0. One dozen grade A, medium chicken eggs every week.<br/>
<br/>
1. <a href="co-own.htm">Co-own</a>ership in <a href="land.htm">land</a> and tools etc. of a chicken farm and to grow their feed.<br/>
<br/>
2. Commitments from all the people required to <a href="mak.htm">mak</a>e it happen.<br/>
<br/>
THIS <a href="title.htm">TITLE</a> IS A PREDICTION OF PERFORMANCE<br/>
#0 IS <a href="insur.htm">INSUR</a>ED ONLY IF #1 AND #2 ARE SECURED<br/>
<br/>
<br/>
<hr/><span class="date">Feb-05-2012:</span> <br/>
<span class="h2">==Definitions</span><br/>
<br/>
<a href="produc.htm">Produc</a>t: Any good or service.<br/>
<br/>
<a href="sourc.htm">Sourc</a>es: All the <a href="land.htm">land</a> and tools required for <a href="produc.htm">Produc</a>tion.<br/>
<br/>
<a href="skill.htm">Skill</a>s: All the human interaction with <a href="sourc.htm">Sourc</a>es required for <a href="produc.htm">Produc</a>tion.<br/>
<br/>
<a href="produc.htm">Produc</a>tion: Applying <a href="skill.htm">Skill</a>s to <a href="sourc.htm">Sourc</a>es across time to create <a href="produc.htm">Produc</a>ts.<br/>
<br/>
<a href="proper.htm">Proper</a>ty: A social <a href="agree.htm">agree</a>ment defining a 'claim' over <br/>
<br/>
<br/>
<a href="proper.htm">Proper</a>ty<br/>
<br/>
<a href="profit.htm">Profit</a> is a measure us <a href="pay.htm">pay</a>er dependence.<br/>
<br/>
<a href="profit.htm">Profit</a> does not exist when <a href="produc.htm">Produc</a>t is the Inve<a href="stor.htm">stor</a>'s Return - for in that case, the <a href="produc.htm">Produc</a>t is not sold, and so <a href="pric.htm">Pric</a>e and <a href="cost.htm">Cost</a> are the same<br/>
thing.<br/>
<br/>
<a href="profit.htm">Profit</a> occurs during <a href="proper.htm">Proper</a>ty misallocation, and can be 'corrected' using a negative-feed<a href="back.htm">back</a>-loop of "<a href="profit.htm">Profit</a> is the <a href="pay.htm">Pay</a>er's Investment" - causing the <a href="pay.htm">Pay</a>er of <a href="profit.htm">Profit</a> to incrementally gain <a href="co-own.htm">co-own</a>ership in the <a href="sourc.htm">Sourc</a>es of that which they <a href="use.htm">use</a>.<br/>
<br/>
To treat <a href="profit.htm">Profit</a> as a reward for the <a href="curr.htm">curr</a>ent <a href="own.htm">own</a>ers is a positive-feed<a href="back.htm">back</a>-loop <small>(the rich get richer)</small> inciting scarcity, destruction, and even war.<br/>
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