The IRTA has assured that Trading Credits used in Reciprocal Markets are not subject to the laws involving Money Transmission currencies ! Yeah !!! The distinction was upheld in California Law because Trading Credits represent only exchange credits within a market For Goods and Services within the market ! They are not Fiat currencies with a real monetary value in another sanctioned currency such as bitcoins etc. that can be bought for cash and can be exchanged for cash in U.S. and other legal tenders. Trading Currencies cannot be bought or sold or exchanged for cash. They are only exchange credits enabling goods and services to be exchanged in a complex manner ie: that one doesn't trade directly, like apples for shoes, but sells the product or service for credits which can then be used to purchase other products or services within the market. They come into existence only as the value holders of the products or services. They enable complex transactions and ones in which are online allowing for 24/7/365 business and geographically expansive interactions. In other words, anytime/anywhere market based on Trading Credits.
This may seem obscure and may seem arcane, yet this is one of the major pillars of Electronic Civilization. To create the new civilization we need certain developments to become operational . Key among these are: Direct Democracy replacing Representational democracy, Hydrogen Fuel Cell/Renewable Energy replacing Fossil Fuel Energy, Sex Positive Culture replacing Sex Negative Culture, Robotic production and services replacing poverty wage production through abundance and distribution, and Electronic Exchange replacing the Monetary System.
Things have been polarizing as expected from those who wish to uphold the Industrial Civilization and its monopoly game of megacorporations and institutions with their belief that it can be fixed and continued and those who wish to form a new union of the new Electronic Civilization models.
Check out the website IRTA.org and see the letter from the president of the organization and the California response, excellent !!! Some things going well. I've been traveling the Southern areas the last few months from Virginia to L.A. with lots of stops in St. Louis and Texas. Happy Trails !
This may seem obscure and may seem arcane, yet this is one of the major pillars of Electronic Civilization. To create the new civilization we need certain developments to become operational . Key among these are: Direct Democracy replacing Representational democracy, Hydrogen Fuel Cell/Renewable Energy replacing Fossil Fuel Energy, Sex Positive Culture replacing Sex Negative Culture, Robotic production and services replacing poverty wage production through abundance and distribution, and Electronic Exchange replacing the Monetary System.
Things have been polarizing as expected from those who wish to uphold the Industrial Civilization and its monopoly game of megacorporations and institutions with their belief that it can be fixed and continued and those who wish to form a new union of the new Electronic Civilization models.
Check out the website IRTA.org and see the letter from the president of the organization and the California response, excellent !!! Some things going well. I've been traveling the Southern areas the last few months from Virginia to L.A. with lots of stops in St. Louis and Texas. Happy Trails !
No comments:
Post a Comment