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AI Audio Overview

Fund, build and govern essential supply-chains.

Distribute real land ownership to you as you work-to-own all you need, and even make some profit along the way!

• If you own your home, you own [hold rights to] future access, and rent is zero.

• If you co-own supply-chains, you co-own [hold rights to] those future goods, and profit is zero.

  • Just as the solitary owner of a single tree owns that fruit even before it is a flower, We can co-own orchards in groups, to co-own that fruit without purchase.

• If you trade your future work for the future work of others, you own [hold rights to] those future services, and wages are zero.

• Buy undeveloped land, without debt, to build communities producing essential goods and services.

• Distribute land ownership to the users who do that work, or the supporting work required to ensure that production.

• Produce enough surplus to sell for profit and thereby:

  • Pay financial investors.

  • Pay taxes to external governments.

  • Buy goods and services not yet produced onsite.

  • Increase vertical integration to reduce imports.

  • Buy more land to grow and onboard new users.

• Financial Investors - Potentially higher profit margins from lower internal costs.

• Internal Rent is zero for housing and Rent on productive assets.

• Internal Profit on goods and services approaches zero as vertical integration increases.

• Wages are zero because Tickets and Deeds pay for work.

• Workers - We will own homes and farms, and we will love it!

  • You gain real land ownership as you work.

  • You own your home and never pay rent.

  • You co-own supply-chains to ensure future production.

  • You are encouraged to produce a surplus.

  • You are encouraged to sell surplus for profit.

    • Some profit (and amount above 0) must be used to buy more land and more startup supplies without debt.

      • You, as the seller, may choose to fund the purchase of any parcel, or attempt to REALLOCATE a specific parcel of land already under these Terms (buy Deeds from a current user-owner.

      • You, the seller, may choose to REALLOCATE some or all of your land ownership to that specific parcel of land.

• Earth - User-owners, as occupants, are directly impacted by the ecological decisions they make, so are incentivised to choose regeneration.

• Ticket - A legally binding claim on future production, redeemable for 1 serving-size of a specific kind of good or service, with a natural window-of-validity set by the requirements and timeline of that production, and by limitations of storage and other real-world considerations.

• Contract - A legally binding commitment to complete 1 step of specialized work in a Ticket supply-chain, usually over the next Year.

• Deed - A legally binding title of the land ownership required to complete 1 step in a Ticket supply-chain.

The DAO manages these through Ricardian Contracts.

• Ask users for the future goods and services they want produced.

• Issue 1 Ticket for each specific requested future good or service [OUTPUTS].

  • Issue 1 Contract for each specific commitment of future work [INPUTS] required for 1 step in that supply-chain.

  • Issue 1 Deed for each specific commitment of land [INPUTS] required for 1 step in that supply-chain.

• Offer many kinds of Tickets for each Contract signature.

  • This is how you implicitly trade your future work for the future work of others.

• Vest Deeds of land ownership to users who complete Contracts.

• Create 1 Ticket - Describe any good or service you want to produce

  • A Ticket may be from a co-owner like "Fix a pothole on a shared road".

  • A Ticket may be from a sole-owner like "Fix my kitchen sink".

  • Each Ticket must list all Deeds and Contracts required for fulfillment.

  • Each Ticket is only as valid as the Deeds and Contracts it requires.

• Create-or-Select many Tickets - Request future goods and services.

  • For this is how you "vote on" the future production you want (signal your 'demand').

• Create 1 Contract - Define the work required for 1 step in 1 (or more) Ticket supply-chain(s).

  • Each Contract must contain details specific to that kind of work.

• Sign 1 Contract - Commit to work in the future in exchange for many kinds of Tickets.

  • This is how your future work "pays for" your future goods and services.

  • This aligns the goals of the worker with goals of the user.

  • For example, imagine a Ticket for "Keep my car in working condition".

    • If you sign a Contract within that Ticket supply-chain, you have incentive to choose long-term solutions and preventative maintenance to thereby reduce the total amount of work required to complete your Contract.  The usual combative stance against the customer has been removed because your goal is to decrease your workload by mitigating potential problems.

      • This aligns the goals of the user (reliable transportation) with the goals of the worker (less work required to complete the Contract).

      • This enables the use of automation and robots without danger because perpetual work is no longer a goal.

• Complete 1 Contract - Fulfill your Work commitment in exchange for many kinds of Deeds.  This is the work-to-own pattern.

  • Vesting a micro-amount at the end of each day may increase worker retention.

  • You gain the same kind of Deeds used to fulfill the Tickets you selected.

    • For example, if you select Bread Tickets, you gain Deeds in a Farm and a Mill and a Bakery.

    • During the "startup stage" of each parcel, the land you gain was not used to fulfill the Tickets you selected.

      • For example, imagine the DAO has purchased the land and startup supplies to begin the pilot project.

• Govern Deeds - You hold Deeds to control and own that future production.  This is the own-for-good pattern.

  • You may hold some Deeds as sole-owner and some as co-owne.

  • Each sole-owner may exclude everyone, and owns 100% of that future production.

    • For example, the sole-owner of a single tree owns all of that future fruit.

  • Each co-owner may exclude everyone not in that group.

  • Each co-owner owns the same % of that future production as the % of Deeds they hold.

    • If you co-own 1% of an orchard, you own 1% of that future fruit.

  • Each co-owner must "pay" their % of the costs to operate and maintain each supply-chain so it continues to fulfill Tickets.  The amount and form of payment is arbitrary, and decided by those co-owners voting.

  • Each co-owner may "split" Deeds from any grouping to form a subset of co-owners or to become a sole-owner.

    • This localizes control and resolves the "Tyranny of the Majority" when subgroups can reasonably secede from larger groups.

  • Each sole-owner may "join" Deeds to become a group co-owner.

    • Each group may also group, recursively, to govern organically.

  • You may sell Deeds for Money.

  • The DAO cannot sell Deeds for Money.

• Sell_Surplus - You may sell goods and services, with no limit on price.

  • Some % of profits are returned to financial investors for a period no longer than 7 Years for each land purchase, meaning each parcel has its own 7 Year vesting schedule which begins when that parcel is finally purchased.

  • Some % of profits are used to import goods and services not yet produced onsite.

  • Some % of profits are used to increase vertical integration to reduce imports. goods and services not yet produced onsite.

  • Some % of profits are used to buy more land without debt.

The DAO may mint 1 Coin for each square_meter of land, and then attempt to sell those Coins to thereby fund the purchase of that land and the startup supplies required to begin production on that parcel.

NOTE: Coin holders are not land owners!

This fungible token (cryptocurrency) is hard-capped at 510 Trillion, which is approximately equal to the surface area of the Earth, in square_meters.

Coins are “sold into circulation” during the Coin Auction Sequence.

This means the number of Coins in circulation is set by the number of square_meters of land held under these Terms.

The DAO cannot add or remove Coins from circulation for any other reason.  

• Ask for the size and price of any land currently for sale on the open market.

• Issue 1 Coin for each square_meter of that land.

• The DAO sells each Coin at or above minimum_price.

• The minimum_price for each Coin = price_of_parcel + price_of_startup_supplies / size_of_parcel.

• If all Coins for that parcel are sold, the DAO buys that land and startup supplies and announces the first day of onsite work.

• The DAO cannot sell Coins for any other reason.

• The DAO cannot "give away" or "airdrop" Coins.

• The DAO cannot remove Coins from circulation.

• The DAO cannot "burn" Coins (whether in circulation or not).

• Coins do not represent land ownership.

• Coins convey no rights of governance.

• Coins have no redeemable value.

• Coins are not used by the DAO to organize production.

• Coin holders are not land owners, and have no claim on production.

• Coin holders are not Financial Investors, and have no claim on profits.

• Coin holders cannot communicate with Workers or Owners.

• Add land - For any land currently for sale, enter the size (in square_meters) and price (in the currency accepted by these sellers) into the DAO's land Registry.

  • This triggers the DAO to begin a Coin Auction Sequence specific to that parcel.

• Buy Coins - Play “Number go up!”.

You own and control future production when you:

1. Hold the Deeds required for that production.

2. Hold the Contract signatures of others required for that production.

But this only solves the static case - where you perfectly predicted all the future production you wanted.

When the land owner (Deed holder) is the end user, there is no sale and no profit.

This user-owned "core" cannot produce financial returns

When the land owner (Deed holder) sells surplus for profit, those new users (the customers who paid profit) must also gain Deeds of land ownership.

This user-owned "growth-ring" produces financial returns and scales the size of the system by pressuring current Deed holders to buy the land required to host that future production, else offer some of their current holdings to those new users.

This causes the "core" to grow as long as users buy surplus until, theoretically, all essential supply-chains are user-owned.

But even when all predictable production is user owned, profit will still appear for new inventions and late decisions, emergencies, etc.

• Bitcoin does not represent land ownership, conveys no rights of governance and has no redeemable value.

  • This Coin has those same limitations.

• Bitcoin has a static total supply of hard-capped at 21 million.

  • This Coin has a static total supply hard-capped at 510 trillion [approximate number of square meters of the surface of Earth, including all bodies of water].

• Bitcoin is slowly distributed to those who 'mine' each block.

  • This Coin is slowly distributed to those who buy it.

• The rate of issuance for Bitcoin decreases geometrically (the periodic halving).

  • The rate of issuance for this Coin is set by the difficulty in buying more land.

The GNU GPL uses Copyright law to gain authority over the immaterial Sources of production, and then uses that legal authority to ensure users gain their own instance of those immaterial Sources.

Similarly, we use law to gain legal authority over the material Sources of production:

• Crowdfunding law governs Tickets representing future production.

• Employment law governs Contracts representing commitments of future work.

• Property law governs Deeds representing real land ownership.

We then use that legal authority to ensure every user gains access to their own instance of the material Sources of production.

• Users gain Deeds of land ownership as they complete work Contracts.

In a traditional "worker owned" business, each stage of production is co-owned by the people who operate those material Sources, while the users have no voice.  The intermediate product must be sold at each step in each supply-chain.

For example, the Farmer owns the Farm and sells grain to the Miller who owns the Mill, who then sells flour to the Baker who owns the Bakery who finally sells to the user.

In a "user owned" business, all steps in each supply-chain are sole-owned or co-owned by the people who will use that specific future production.  The intermediate products and the finished products are never sold because the users who will finally consume them already own them.

For example, each Bread eater owns a tiny portion of the Farm, the Mill and the Bakery.

The Users co-own the entire supply-chain (full vertical-integration) to thereby each own that same amount of Bread even before the Grain has sprouted.

But, while vertical-integration removes the change-of-ownership at each step, it still requires a change-of-custody.

• The Miller accepts custody of Grain by marking the Farmer's Contract FULFILLED.

• The Baker accepts custody of Flour by marking the Miller's Contract FULFILLED.

• The user accepts custody of Bread marking the Miller's Contract FULFILLED.

  • This is done partially, as each Ticket is REDEEMED, with a timeout to allow a "replacement" when the user is not satisfied (say the Bread was moldy).

This safely eliminates profit for those in each group, for that good or service, because those co-owners will accept the product itself as the natural return on investment.

The price they each pay as a user is simply the costs they already each paid as a co-owner, while profit is undefined because those goods and services were never sold.

See LinkTr.ee/earthChange for more details.