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Introducting A Monetary System Of The People, By The People And For The People

UPDATE 12/18/12 - Audio Presentation and pdf flyer have been added.

So you say you want to end the fed?

If that happens what replaces it? Aren’t we going to still have some far away government controlling the value of our currency? How would you like to be able to control the creation and therefore value of your own personal virtual currency?

I’ll get to the proposed solution in a moment. First we need to go over how we got into this mess.

As many Ron Paul supporters already know, there is no real money in our current monetary system. 97% of the “dollars” are actually just digits on a computer. Virtually all new “money” is created by the FED and US Treasury by holding down the zero key on the keyboard. What we have is a FIAT system that is backed by nothing (since the gold standard was removed in the 70’s) – or is it?

If you do your research, you will find out that the “dollar” is backed by US Treasury bonds (which are basically promises to pay that collect interest). The treasury bonds are backed by birth certificates. The birth certificate is the record of a corporate franchise created as an estate trust and you are the beneficiary and executor of that estate. The State is the trustee. Public servants are operating in positions of public trust. They are in effect and by definition, public trustees.

When you walk into court and you don’t know the law, you are being treated as the trustee. Why? Because the trustee is the one who must perform and the one who must pay when the estate is charged a fee for services rendered. Charge is a very interesting word. When you are “charged with a crime” it is actually your estate account being charged a fee which the trustee must discharge. If you, acting as trustee (because you don’t know any better) do not discharge the charge via your signature, the landed estate is held as surety until the debt is paid. (That means your body goes to jail.)

It is actually the Judge who is the public trustee and you are the administrator (you don't want to be the beneficiary because then you're trading benefits and privileges for rights). It is the State that must perform, not you. You are guaranteed life, LIBERTY and the pursuit of happiness, among other unalienable rights, IF you accept that public servant's oath of office.

Guess what is part of the estate property? Your body! The birth certificate evidences a piece of land (ashes to ashes and dust to dust). It has height, weight, eye color, hair color and a basic description of the “landed estate” which is signed into trust with the State by your parents (without their knowledge of course) and your body then becomes a “ward of the state.” This is why it’s so easy for child services to come to your home and seize your children. The state has a legal claim which you haven’t objected to. Let’s face it how could you? You all along thought you were the owner of your children until they reach the “age of majority.”

So the point of all this information is for you to know that is it your blood, sweat and tears that is backing the value of each “Federal Reserve Note.” Now here’s an interesting definition out of Black’s Law Dictionary, 5th Edition:

Money. In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 3 1 9, 133 S.W.2d 74, 79, 8 1. See also Currency; Current money; Flat money; Legal tender; Near money; Scrip; Wampum.

If you are now realizing that “notes” are not money you are correct! The purpose of telling you all this is so that you realize that nobody in the government is actually violating anyone’s “constitutional rights.” They have created legal loopholes, garnered your written consent and enslaved you based on this consent.

This is called “voluntary servitude.” If you read the 13th amendment, it outlaws “involuntary servitude” and “slavery” but if you want to volunteer for servitude (which by definition is not slavery) then you are free to do so!

There is no real “money” in the system and the “dollars” circulating through the system are actually backed by your labor. They are in reality a way to measure that “sweat equity” which you put into the system. They are just numbers. In effect: inch, mile, foot, meter and dollar are just units of measure. The dollar is actually a measure of silver. By definition a dollar = 371 4/16th grains (24.057 grams) of pure silver, but just try and trade your paper dollars in for silver sometime and you’ll be laughed right out of the bank!

So why is this post so long?

The main reason is because there are only certain people who are intellectually able to grasp the concept of what I am about to introduce. The slaves who have not yet achieved enough motivation to break their chains have already clicked off by now.

For the past year I have been quite busy putting my knowledge of the current monetary system to work in creating something which truly works for the benefit of the people. It is a 100% reserve (instead of 10% via fractional reserve banking) virtual private credit system that is also interest (thou shalt not charge usery) FREE.

What I’ve designed is a way for you, with no money, to start a business which will effectively compete with - and beat - the likes of Wal-Mart, credit card companies and even the evil banksters which currently (but not for long) run the world.

Here’s how it works:

1) Create a Dealer account and then list items you have lying around, possibly in storage, which back the creation of your new private virtual currency. Just think of all the recent foreclosures in the past few years. All these people have mountains of extra stuff sitting in storage units all over the world just waiting to be converted into a medium of exchange!

2) Advertise the things you have listed. If someone expresses interest in your inventory give them your Dealer link and tell them to send you a credit request. This credit request is attached to something of value such as a chair, a bicycle or perhaps a lawn mower. Upon receipt of this request you and your new Vendor will barter back and forth and eventually agree upon a credit value (based on credit values of inventory you already have). Once you have an accepted agreement, the next step is to deliver the physical merchandise to the Dealer.

3) Upon receipt of the merchandise, you have already seen pictures and a description, have asked questions via the messaging system and are fairly certain the agreement is sound but if for some reason the physical item is not what you feel was agreed upon then you as the Dealer have one last opportunity to change the agreement. Upon approval of the accepted agreement the merchandise changes hands and the credits are created – out of thin air (issued), backed by that merchandise and deposited into your Vendor’s account.

The Vendor can then use those virtual credits to trade for whatever they wanted in your inventory!

Bart-Mart gives you the awesome power of a fiat currency system with all the benefits of a gold backed currency! What is the only thing the "elite" hasn't thought of? The new idea!

As a Dealer in return for managing all this inventory there is a 50% markup on physical items and a 25% markup on Service Certificates, which are labor pledges. A labor pledge would be something like “20 hours of math tutoring” or “bathroom remodel with all labor included.” You are not able to create credits unless you have something of value to back them with. Once that item is traded out of your inventory 90% of that markup is yours with which to trade for items in your inventory for your own use. Your job as the Dealer is to make everyone aware of this new system and secure the items, products and services your local community needs. There is no education required however. This system runs on the desire of the people to want what you have and they simply learn as they go. It's "hands on training."

The system is self-policing.

10% of that markup is transferred to agents. Obviously anyone can create fake accounts and use fake merchandise to create virtual credits which are backed by nothing. To prevent this there is a two-tier referral system which keeps the Dealer honest. If one of your referrals trades in a table, the transparency of the system allows you to see, for example, that you have a 2.00 credit share of that table once it is traded back out. You then have a vested interest to make a trip down to the Dealer to see if there actually is a table physically there. If it's not you have a dishonorable Dealer and can effect his approval rating and create a Dealer account the next day to replace him. The honorable succeed and the dishonorable fail. Honor and integrity is all built right into the system.

The system we have now benefits the most dishonorable.

That's why we have such a big problem. The current monetary system is based on SIN! (Interesting coincidence as SIN also is an acronym for "Social Insurance Number.")

Localization, not globalization.

Bart-Mart is designed to localize economies and decrease the need for foreign trade and therefore foreign dependency. A vibrant Bart-Mart based monetary system is crash-proof. If the banking system collapses you have everything you need: food, water, clothing and eventually even shelter (via real estate trading), available to you via the local Bart-Mart!

Private virtual credit transactions that are interest free.

As a Bart-Mart Dealer or Vendor, anyone using the same Dealer can transfer their credits interest free! Let’s say you need a haircut and know that Suzi, the hairdresser, has an account with your local Dealer. You can log into your Bart-Mart account and make a credit transfer for free!

Credit-based, not Debt-Based

Bart-Mart is a credit based system. Every credit in the system is backed by something which has a real value. As we know the FED Reserve System is based on “promises to pay” while Bart-Mart’s system is based on real value trading hands and finalized private contracts.

How is this not “illegal” ?

There is nothing illegal about bartering without the Federal Reserve middleman. As evidence I present the definition of “barter” straight out of the court’s dictionary (Black’s Law, 5th edition):

Barter. To exchange goods or services without using money. Rosenberg v. State, 12 Md.App. 20, 276 A.2d 708, 711. See also Exchange.

If you now scroll back up you will find out that Bart-Mart’s virtual credits are not money but for expediency I’ll paste the relevant text here:

coins and paper currency used as circulating medium of exchange

Now before getting your Bart-Mart started I’d highly advise getting your house in order. On the deed to your property you will likely find some form of the words “fee simple.” For educational purposes let’s research what that means:

Fee simple. Absolute. A fee simple absolute is an estate limited absolutely to a man and his heirs and assigns forever without limitation or condition. An absolute or fee simple estate is one in which the owner is entitled to the entire property, with unconditional power of disposition during his life, and descending to his heirs and legal representatives upon his death intestate. Such estate is unlimited as to duration, disposition, and descendibility. Slayden v. Hardin, 257 Ky. 685, 79 S.W.2d 1 1 , 12.

Now aren’t taxes a condition? Isn’t a mortgage payment a condition? Aren’t city codes also conditions? So why are public servants harassing people and apparently violating their rights? The reason is you have not acknowledged that you are the fee simple owner by becoming the grantee!

Acknowledge. To own, avow, or admit; to confess; to recognize one's acts, and assume the responsibility therefor.

If you have not assumed the responsibility, the State, as public trustee, can claim they are responsible and as such must charge fees for their services rendered (taxation).

Grantee. One to whom a grant is made.

If you have not acknowledged the the property deed as “grantee” then the state is holding the title to your property until the “owner appears.” What is important to realize is that only living beings can own property. Corporations (every public servant is acting as a corporate entity) can only hold property in trust!

Here are the solutions to our current financial crisis just waiting for you to put them in play:

1) Acknowledge the deed and become the owner. Believe it or not this information was stumbled upon by accident and has saved literally 1000s of homes from foreclosure (documented evidence on this site). Learn how to very simply become the “grantee” here: http://rydersreformers.wordpress.com/

2) Start your new Dealer account and begin to anchor the financial stability of your local community here (you must have an agent’s referral to join Bart-Mart) http://www.bart-mart.com/Vincent

We need to get busy and put this system in place before the global economic system crashes, the gas prices skyrocket, and the truckers go on strike. It's up to YOU to make it happen if you have or know someone who has a decent amount of square footage available for storage. You can act right now and be the savior for your local community!

To contact me for any questions you can do so via Bart-Mart’s messaging system (I’m Vincent) or by adding “vinceableworld” to your Skype. Although a Ron Paul presidency would be FANTASTIC, I’m here to tell you that it's not required in order to marginalize the corporate government, legally and lawfully, in order to be free. Now that you have the keys to your freedom only one question remains:

Are you going to use the keys?

As Morpheus said: “I can only show you the door, it is you who must walk through it.”

Blessings and Love to ALL :)




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Bump

I may not agree with bitcoin as noted below, but this may be what we are dealt with.

2014 Liberty Candidate Thread: http://www.dailypaul.com/287246/2014-liberty-candidate-thread

2016 Potential Presidential Candidates: http://alturl.com/mt7tq

"What if the American people learn the truth" - Ron Paul

BUMP

For update of pdf and mp3 explanations.

Simplified - starve the system

Be your own central bank. Do not give up title to your property or personally guarantee any loan from a bank. Because loans will go bad sometimes and at least you won't lose your personal property and savings. The bankers, and wise business people don't personally guarantee anything. If you don't accept the devils bargain you will be guaranteed to be wealthy over time. Save your wealth(labor) in physical assets not fiat currency.

Bart mart is another system where everyone is there own central bank and you save your wealth(labor) in physical assets not fiat currency.

Disclaimer on The Bitcoin Discussion Below.

Bitcoin should not be compared to Bart-Mart.

Bitcoin is just a currency.

Bart-Mart is a barter system, a host of competing currencies (RP's dream) and also an interest free credit loan service (via labor pledges). Bart-mart replaces the desires and urges that power the current system, without the slavery (usery/interest/fractional reserve loans).

The Answer...


The Answer is to get all the Banks out of the Money Creation business, and take away that power.

Banks should merely lend out money which already exists. With no other power or control originating with them.

So then the only remaining question is: Who controls the Nation's Money Supply (and has the sole authority to create money). This is the key question, because it cannot be a for-profit entity that does this here (otherwise the underlying motive will be to distort the money supply for higher profits).

Thomas Jefferson provided a clue when he said: "The issuing power should be taken from the banks and restored to the people to whom it properly belongs."

The criteria then is as follows:

1. For the Money Supply not to be manipulated (inflated/deflated) and diluted by private Profiteers, Monopolists, Foreign Interests, scam artists, and outsiders (to the detriment of our Country)-- it has to be something that only the American public can control (through representation and through public auditing).

2. Central Banks hold and control metal, and have done so for centuries. Even today we see wild gyrations of silver because these people have the power to rig the perceived price.

The money instrument therefore must be something that neither the Rothschilds, the Morgans, the Rockefellers, Goldman Sachs or any other criminal apparatus already own themselves or can influence. That is, it must be a Free, Independent Money.

3. John Kennedy had the answer in 1963 when he introduced 1963-Series United States Notes. These dollars, totally unlike Federal Reserve Notes, were not created by purchasing bonds from private Bankers at interest (debt). They were instead debt-free, non-interest-bearing units of money created by the U.S. Treasury directly on behalf of the public. They looked quite different from "Federal Reserve Notes" to the naked eye and bore a distinctive red seal, and the heading "United States Notes". This was free, Independent money that the Bankers had not and could not create themselves.

Immediately after Kennedy's Assassination, Lyndon Johnson terminated the production of United States Notes, as well as the production of silver coins (which became nickle-plated).

This is a good indication that Kennedy knew how to finally de-power these Dark forces that have controlled our Country.


That's what this is :)

This gives you the ability to create your own currency and regulate it's value based on what the people in your local community think the value should be - with no middleman sucking up productivity.

And..

Always remember, Central Banks own most of the World's gold and silver. So the answer cannot lie there (still within their clutches).

Right

The banksters can corner the market on gold and possibly even silver (but not likely).

Bart-Mart uses anything of value to back the currency. Banksters definitely can't corner the market on that :)

Could you explain this like you're talking to a 5th grader?

I tried reading your post two or three times, but I'm still having trouble understanding exactly how the transactions would take place. I have a bicycle in my shed, I post that on my account..then somehow its value becomes a number, and somehow this allows me to buy other things? I have no idea. I'll keep re-reading your post, but if you have a minute to give me a brief synopsis I'd appreciate it.

Tu ne cede malis sed contra audentior ito

Direct answer do that specific question

If you are the Dealer (the one with the storage area which backs up the currency) - You list the bicycle and a bunch of other stuff. Then you advertise your stuff. When someone wants your stuff you give them your dealer link and tell them to join as a vendor. They send YOU a credit request in order to get enough credits to trade for your bicycle. The credit request is attached to something that they have lying around they don't want/use anymore.

In your case there... you would be attaching the bicycle to a credit request for your local dealer. You can then use those credits to trade for something in his inventory.

So...


The personal value of your bicycle by itself is up to you. What is important for transactions is only the relative value (or market value) of your bicycle -- which is simply a function of the overall Money Supply.

If the Money Supply is large, then the value will be a large number (but so will salaries and other forms of income).

If the Money Supply is small, then the value will be a small number (but so will the cost of other goods and services).

So what is the key difference is just this: For what I have described above the Money Supply is then no longer something that is under the control of, and manipulations of Goldman Sachs, The private (for-profit) Federal Reserve Monopoly, International Bankers, and the looters and diluters of our money (Rothschilds, Morgans, Rockefellers, etc.). They can no longer create any money.

None of those Dark forces would own or control any United States Notes, so all that corruption (trillions of dollars) no longer could be performed. Our Government would no longer be servants to the Banks (and have to borrow money from them and pay them back at interest). The Banks would instead lose all their political power. This would be an honest and auditable money system (with no perpetration of debt payable to Banksters).

Only the U.S. Treasury can author United States Notes so it is once again put back in the hands of the public and not the Banksters, as Thomas Jefferson instructed.


Daniel Isn't a 5th grader...but maybe this will help :)

Forgive the broken "o" on my keyboard. I use the virtual keyboard while posting on daily paul - kind of a pain while chatting:

[12/5/2011 9:33:56 PM] Daniel: hey vince, do you have more specific details by chance?
[12/5/2011 9:34:02 PM] Vincent: Yes.
[12/5/2011 9:34:11 PM] Vincent: The w0rk that I've been d0ing f0r the past year...
[12/5/2011 9:34:21 PM] Vincent: is c0ding the backend f0r a private credit system.
[12/5/2011 9:34:40 PM] Vincent: There are tw0 different kinds 0f traders in this system.
[12/5/2011 9:34:45 PM] Vincent: Dealers... and Vend0rs.
[12/5/2011 9:34:57 PM] Vincent: Dealers - issue credits - f0r Vend0r items/services
[12/5/2011 9:35:20 PM] Vincent: Each dealer is in charge 0f regulating the value 0f their 0wn private currency - backed by substance.
[12/5/2011 9:35:45 PM] Vincent: Y0u can als0 pr0vide intrest free l0ans (via service certificates) f0r a 0ne-time dealer fee 0f 25%
[12/5/2011 9:36:17 PM] Vincent: Y0u will als0 be setting up the l0cal medium 0f exchange f0r all 0f y0ur Vend0rs....
[12/5/2011 9:36:19 PM] Daniel: interesting man...
[12/5/2011 9:36:33 PM] Vincent: in 0rder t0 be able t0 transfer their credits between each 0ther - n0 fees.
[12/5/2011 9:36:33 PM] Daniel: sounds like this is for business owners?
[12/5/2011 9:36:47 PM] Vincent: This is f0r any0ne wh0 wants t0 start a business - with n0 m0ney.
[12/5/2011 9:37:10 PM] Vincent: and als0 f0r any0ne wishing t0 change the m0netary system - by replacing it.
[12/5/2011 9:37:19 PM] Vincent: 100% reserve currency.
[12/5/2011 9:38:05 PM] Vincent: I'm als0 getting t0wards setting up the FAQ page - am interested in g00d questi0ns.
[12/5/2011 9:38:14 PM] Daniel: when you say starting up the business with no money
[12/5/2011 9:38:33 PM] Daniel: how is one going to get tangible goods in exchange for these credits as they can with the current system of credit?
[12/5/2011 9:38:55 PM] Vincent: When y0u start....
[12/5/2011 9:39:06 PM] Vincent: Y0u d0 it by listing y0ur 0wn stuff... giving each item a credit value.
[12/5/2011 9:39:16 PM] Vincent: Then y0u simply advertise y0ur stuff.
[12/5/2011 9:39:31 PM] Vincent: When pe0ple want it. The system sh0ws them h0w t0 get it.
[12/5/2011 9:39:38 PM] Vincent: 0r y0u can explain it - it's all VERY simple.
[12/5/2011 9:39:48 PM] Vincent: Everything is pretty self-explanit0ry.
[12/5/2011 9:40:23 PM] Vincent: Y0u are creating credits - which are then backed by the invent0ry y0u take in.
[12/5/2011 9:40:40 PM] Vincent: Which means - 0 c0st.
[12/5/2011 9:41:03 PM] Vincent: If y0u have n0 invent0ry.
[12/5/2011 9:41:07 PM] Vincent: Y0ur credits are w0rthless.
[12/5/2011 9:41:14 PM] Daniel: i see
[12/5/2011 9:41:18 PM] Vincent: If y0u have a l0t 0f invent0ry - y0ur credits have a l0t 0f value.
[12/5/2011 9:41:40 PM] Daniel: lot to wrap the head around but ultimately i can see its simplicity, just a different way of thinking
[12/5/2011 9:42:28 PM] Vincent: Yes very simple. N0t much t0 c0mprehend. When y0u create y0ur dealer acc0unt and l0g in... all y0u'll need t0 d0 is h0ver 0ver the butt0ns/fields - and y0u'll kn0w what y0u're d0ing.
[12/5/2011 9:43:04 PM] Vincent: I've d0ne my best t0 answer all 0f my 0wn questi0ns - with messages and g00d title/alt descripti0ns
[12/5/2011 9:43:21 PM] Vincent: The interface... is similar t0 a calculat0r
[12/5/2011 9:43:24 PM] Vincent: I'll sh0w u...
[12/5/2011 9:43:29 PM] Vincent: sec...
[12/5/2011 9:43:59 PM] Daniel: very nice man!
[12/5/2011 9:44:01 PM] Daniel: fantastic work
[12/5/2011 9:45:57 PM] *** Vincent sent Register 12-5-11.gif ***
[12/5/2011 9:46:05 PM] Vincent: Thank u br0ther...
[12/5/2011 9:46:24 PM] Vincent: Everything t0 d0 with Bart-Mart is handled 0n this 0ne screen.
[12/5/2011 9:46:49 PM] Vincent: Y0u are l00king at the br0wse m0de right n0w.... currently br0wsing invent0ry.
[12/5/2011 9:46:59 PM] Vincent: with my 0hs in it :) l0l
[12/5/2011 9:47:20 PM] Vincent: and the credit values pr0b aren't right - it's just f0r testing purp0ses
[12/5/2011 9:47:24 PM] Daniel: haha, very neat man...but who validates what one's inventory is?
[12/5/2011 9:47:36 PM] Vincent: Yes g00d questi0n.
[12/5/2011 9:47:37 PM] Daniel: i mean, if a man were to come in and say that he has 100 gold bars and assigns each a value of what the spot price is
[12/5/2011 9:47:49 PM] Daniel: he'd have about 1740 x 100 = 174000 credits
[12/5/2011 9:48:07 PM] Vincent: That w0uld be a g00d way t0 place value :)
[12/5/2011 9:48:07 PM] Daniel: but if he had not one gold bar and started purchasing things up with his credits
[12/5/2011 9:48:08 PM] Vincent: l0l
[12/5/2011 9:48:24 PM] Vincent: The referral system makes it self p0licing :)
[12/5/2011 9:48:32 PM] Vincent: sec...
[12/5/2011 9:49:25 PM] Vincent: [Sunday, December 04, 2011 4:20 PM] Vincent:

<<< S0 a small little thing leads t0 a t0n 0f w0rk.... I'm m0ving right al0ng then I think - "What if s0me0ne's "Grand Vend0r" bec0mes a dealer? Since 0nly the dealer agent - gets a share 0f dealer mark - the Grand Vend0r l0ses 0ut. S0.... I've installed a 4th agent - which is the Dealer Grand Agent. That t00k s0me d0ing - had t0 g0 thru all the c0de and add that in... that was the last tw0 days w0rk. I've als0 updated the l0wer wind0w t0 include T0tal Referrals and als0 referral breakd0wn.
Vend0r Agent - Gets 4% 0f mark 0n Trade 0ut on their Vendor's items.
Vend0r Grand Agent - Gets 4% "" "" on their Grand Vendor's items.
Dealer Agent gets 0.75% 0f every Dealer Trade 0ut.
Dealer Grand Agent gets 0.75% 0f every Dealer Trade 0ut.
Bart-Mart gets 0.5% 0f every Trade 0ut system-wide. (F0r my years w0rth 0f bl00d sweat and tears)
T0tal Mark f0r Dealers 0n Trade 0ut is n0w 90% where bef0re it was 88%
FYI - These are n0t intrest payments - these are 0ne time fees f0r services rendered.
S0 when y0u signup - y0u have an agent (the trader that referred y0u) and a grand-agent (the trader that referred wh0 referred y0u)
Real situati0n: Vend0r Suzi brings Dealer B0b a Table t0 back up a credit request. B0b 0ffers Suzi 100 credits. Suzi accepts. Suzi brings the table t0 B0b. B0b appr0ves the credit. At that time the table g0es int0 invent0ry at 150 credits. Ge0rge c0mes al0ng and trades his credits f0r the Table (150) - The mark (50 credits ) is n0w distributed t0 the agents and the dealer:
VA gets 2.00 credits
VGA gets 2.00 credits
DA gets 0.38 credits
DGA gets 0.38 credits
BM gets 0.25 credits
[12/5/2011 9:50:38 PM] Vincent: Questi0n n0t answered just yet... but y0u need that backgr0und...
[12/5/2011 9:50:50 PM] Vincent: Lemme kn0w when y0u're ready.
[12/5/2011 9:51:23 PM] Vincent: [Sunday, December 04, 2011 4:32 PM] Vincent:

<<< Dealer's t0tal mark = 44.99 credits (r0unding g0es t0 agents which is why it's n0t 45 even)
[12/5/2011 9:51:37 PM] Vincent: Dealer gets 90% 0f the mark.
[12/5/2011 9:52:23 PM] Vincent: Mark is 50% 0n items - 25% 0n services (such as Suzi - wh0 cuts hair - issuing 20 certificates t0 y0u... at 10 credits each - y0u w0uld give her 150 credits (0ut 0f 200) f0r the certificates)
[12/5/2011 9:52:44 PM] Vincent: N0w here's y0ur answer:
[12/5/2011 9:53:40 PM] Vincent: Since agents get shares 0f their referral's trade-ins - they can see n0t just the share credits (which are n0t spendable until th0se items are traded back 0ut) - but they can als0 see the items which their share credits are part 0f.
[12/5/2011 9:53:54 PM] Vincent: N0w maybe u can see the answer....
[12/5/2011 9:54:09 PM] Vincent: Say y0ur referral brings y0ur l0cal dealer a table - f0r 100 credits.
[12/5/2011 9:54:25 PM] Vincent: int0 invent0ry - at 150
[12/5/2011 9:54:29 PM] Vincent: mark=50
[12/5/2011 9:54:38 PM] Vincent: y0ur share 0f that mark=2.00
[12/5/2011 9:54:49 PM] Vincent: d0n't u wanna see if the table is really there?
[12/5/2011 9:56:16 PM] Vincent: [Monday, December 05, 2011 9:47 PM] Daniel:

<<< haha, very neat man...but who validates what one's inventory is?
[12/5/2011 9:58:30 PM] Daniel: ahhh, I see now
[12/5/2011 9:58:33 PM] Daniel: that makes perfect sense!
[12/5/2011 9:58:50 PM] Daniel: fantastic work man...now the next obstacle is getting the word out!
[12/5/2011 9:59:05 PM] Daniel: keep me updated on your progress. meanwhile, i gotta go take a shower and get ready for bed brother.
[12/5/2011 9:59:05 PM] Vincent: D0es this give y0u that "why didn't I think 0f that?" feeling?
[12/5/2011 9:59:31 PM | Edited 9:59:36 PM] Daniel: i wish i could say it did, because if i had thought of this, i wouldnt have been competent to implement it as you are
[12/5/2011 9:59:44 PM | Edited 9:59:49 PM] Daniel: and it would have just been another of many good ideas that never come to fruition
[12/5/2011 9:59:54 PM] Daniel: so i'm glad it was you that had the idea!
[12/5/2011 9:59:57 PM] Vincent: I'm telling u - n0 bs... the 0riginal idea was mine... but m0st 0f the c00l side effects 0f answered questi0ns - have c0me fr0m a p0wer greater than myself.
[12/5/2011 10:01:25 PM] Daniel: sure thing brother! have a good night and keep up the good work
[12/5/2011 10:01:26 PM] Vincent: S0 far a few heavy hitters have already c0mmitted.
[12/5/2011 10:01:36 PM] Vincent: Thank y0u br0ther :)
[12/5/2011 10:01:41 PM] Vincent: Blessings :)

Another bartering system?

Why not just use something like LETS or Ripple?

http://en.wikipedia.org/wiki/Local_exchange_trading_system
https://ripplepay.com/

Better yet, I see you accept Bitcoin donations. Why not just use Bitcoin, an actual currency which is completely decentralized and inherently inflation free?

BitCoins

I spoke to a programmer a few months ago who told me that BitCoin isn't really inflation free because people can basically purchase licenses that enable them to create new bitcoins in large amounts. Although they do have to sacrifice computer processing time to create them, there's no way to tell just how much that might limit their "minting." I was actually sort of interested in investing in bitcoins before I heard that. The other problem is that although nobody has been able to hack the system so far, you never know if that might change in the future. By contrast, gold cannot be "hacked" into existence by any method known to science.

In defense of bitcoin

It is designed to inflate until there are 20 million bitcoins. After that no more are created. I think it's a genius idea which can replace any fiat currency. Some folks can obviously mine faster than others but nobody can mine past the 20 million hard limit.

After that there will be no inflation. It is likely that 1 bitcoin could eventually be worth more than a bar of gold.

Bitcoin is just a currency and that's it's purpose. It's isn't backed by anything of tangible value... but it was only designed to combat the ridiculous debasement of the currencies world-wide.

Bart-Mart gives you the ability to amass a large inventory granted you are honorable and therefore can be trusted. If you are a shmuck the guy down the street can start a dealer account and put you out of business.

So it's a free-market currency that levels the playing field for everyone.

Comparing Bitcoin to bart-mart however is like comparing a tire to a car. They both have completely different functions/purposes. Bitcoins could be listed as an item on a bart-mart credit request if you wanted to.

The programmer

you spoke with is either woefully misinformed or intentionally deceiving you.

First, Bitcoin is open source. You don't need to purchase anything to trade or mine them. The only thing your programmer is close on is that all Bitcoins are created by being "mined" which requires a certain amount of processing power. However, the amount of processing power required to mine new Bitcoins (referred to as the "difficulty level") is built in to automatically adjust so the rate of creation is relatively stable. Illustration:

https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_gra...

And there will only ever be 21 million Bitcoins total. I highly advise you rethink your decision about investing in Bitcoins.

One last correction... Gold can be hacked into existence using science. It takes a nuclear reaction, though.

http://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold

My bad...

Yes 21 million is the correct number.

Thanks for The Down Vote

If there was anything like this and it was just "another bartering system" I wouldn't have spent over a year to put it together.

I can see by your questions you did not research what this is before your knee-jerk down vote. Even if it was "just another bartering system" I'm guffawed at why you would down-vote bartering in general.

Your questions can be answered by simply reading the post.

I didn't downvote you

Someone else must have.

You might want to be careful about the term "knee jerk"?

I use downvotes sparingly as a rule, almost never at all.

I did read your post. But I've got a lot going on right now and not sufficient time to wrap my head around what you're proposing. That's why, having the benefit of you the creator here, I asked how it's different/better than existing platforms. Bartering isn't exactly a novel idea.

You can be dead broke...

...and start a booming local business which creates jobs while also localizing the economy. That's the biggest reason. This is not just a currency replacement or just a bartering system. This is a tool to decentralize economies all over the world. A decentralized economy is crash-proof.

You have to ask yourself "Why do people go to big box stores to buy stuff from China?" When you have the answer, then replace those needs and you will succeed in eliminating federal deficits and the national debt.

The goal is for you to be able to eventually get everything you need without dependence on far away suppliers who would not be able to make deliveries if shipping lanes were down or gas prices skyrocket to $5-7 a gallon. We are currently at the mercy of the global "elite" because of globalization.

Direct bartering is too slow

People in general are addicted to instant gratification. Unless you can address their need to get what they want when they want it you're not going to replace the existing system. BM was designed to enable you, for example, to build up an inventory that dwarfs the size of wal-mart with no "money" out of pocket. It would be the "trading post" of your local community. This inventory acts as the "bank vault" which backs up the currency.

I've got no problem with bitcoins except for the fact that there is nothing of tangible value that is backing the currency. Their value is only based on perception. Everything else about bitcoin is great... of course.

Direct barter is the goal of course - but with instant gratification worked in. Since all dealer's currencies would have different values, in order for dealers to trade with each other they can exchange real items in real time with no wait since each dealer would have a large selection that is available in inventory when the desire arises to trade.

I also wanted to create a way for local folks to use a system that resembles the current one - as a baby step to transition to something new. In addition I wanted to give the average joe on the street a way to compete with and beat the multinational corporations and win.

Those corporations are limited by cash. Your only limitations are square footage and time. The cost to procure inventory is free.

Thanks for the intelligent response

"People in general are addicted to instant gratification. Unless you can address their need to get what they want when they want it you're not going to replace the existing system."

I agree with that. Hmm, it's an interesting idea. The first thing that strikes me however is that the inventory is used. People's stuff is usually only most valuable to themselves.

I do like the idea of swapping out values between currencies with trades on stuff. That's quite interesting to me. I think there could be some use for such a system, but I need much more time to devote to thinking on it. Thanks again for the response.

Regarding Bitcoin I amended your statement ;)

"I've got no problem with [gold] except for the fact that there is nothing of tangible value that is backing the currency. [Gold's] value is only based on perception. Everything else about [gold] is great... of course."

One issue bitcoin might have in the coming months:

http://www.fourwinds10.net/siterun_data/spiritual/earth_huma...

Was reading this last night. The part where it talks about how magnetic fields effect computer memory. I recently stated that the only thing that could kill bitcoin is a global emp where every client is unshielded.

BUT - the second thing MIGHT be a magnetic pole reversal.

Such things are

highly unlikely.

But playing devil's advocate it still wouldn't kill Bitcoin. For example, there was recent discussion on including the blockchain majority within client installation files to save time. To kill Bitcoin all records of the blockchain would need to be wiped out. Magnetism doesn't affect memory on CD's, for example. As long as people backed their files up the temporary memory interruption would be a mere inconvenience.

Gold does have intrinsic value, unlike bitcoins.

The value of gold is not based solely on perception. It has unique physical properties that have made it an object of desire for virtually all cultures for thousands of years. Gold is extremely dense, desired for its beauty, an excellent conductor, and has natural anti microbial qualities that make it very useful in medicine. It can be formed into a super thin foil used in scientific experiments, or into microscopic pellets to be used as a substrate for needle-free vaccines. It resists corrosion, is spread fairly uniformly across the globe, and the vast majority of all the gold ever discovered is still in existence. Not saying gold is THE answer, but it didn't become so important by accident.

Tu ne cede malis sed contra audentior ito

Okay, then Bitcoins

have more intrinsic value than gold.

Cultures for thousands of years have valued gold, but for the reasons you say? Or perception? I doubt ancient civilizations cared about anti microbial qualities or scientific experiments. And copper is a better conductor. I daresay they were interested in its perceived beauty.

On the other hand Bitcoin, like gold, cannot be created/inflated as a currency yet unlike gold can't be seized or prohibited in use* by any government.

*as far as a government's ability to completely block all access to the global Internet.

Maybe back then it was more perception

than purpose, but now it is becoming more and more valuable due to its various uses in science and medicine. I do think bitcoins are a pretty cool idea and I would use them. However, if the government did ever try to confiscate my wealth, I think they'd have a much harder time getting the gold.

Tu ne cede malis sed contra audentior ito

Really?

You are aware Roosevelt confiscated everyone's gold in 1933, right?

http://en.wikipedia.org/wiki/Executive_Order_6102

You might have a crafty way of hiding your gold, but you'd still be stopped from spending it.

complete history of the federal reserve system

http://www.youtube.com/watch?v=qWkEQZt1LOI part 1
http://www.youtube.com/watch?v=MAYvKICJMXg&feature=channel part 2

Albert Camus — 'The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.'

Interesting

Is this free? I see the bart-mart website says donations are accepted, but is the service free otherwise?