1. Barter 3.0
A Flight to Simplicity
Chris Cook
IRTA Convention Ocho Rios
14th September 2012

2. Barter 3.0 - Asset-based Credit
 Direct 'Peer to Asset' investment in the use value over time of
productive assets
 Production and/or revenue sharing between investor and user
of investment for as long as the investment is used
 There is a return on investment in 'money's worth' but no
money purely for the use of money
 Sharing of risk and reward – no default
 Two key classes: land/location based credit, and energy-based
credit

3. Capital Partnership – 'Nondominium'
Users
Payment Use
Custodian
Custodian
% %
Investors Managers

4. Capital Partnership reinvents Equity

5. Equity Shares - % age shares in flows of
revenue or production
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6. Stock – returnable in payment for use
value eg rentals, Kilowatt Hours

7. Capital Partnerships are not Organisations
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8. They do not own anything, do anything,
employ anyone, or contract with anyone...
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9. Nondominium requires no legislation
Users
Users
Payment
Custodians
Custodians
(National)
(National)
% %
Financial Capital
Financial Capital Human Capital
(Money, IP etc)
(Money, IP etc) (Developers, Operators)
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10. Land-based Stock – undated credits
returnable in payment for occupation
16/06/10 10

11. Custodian is appointed or incorporated
Houses Custodian
Custodian

12. Rental is agreed
Occupiers
Rental
Custodian

13. Proportional Share allocated to Manager
Occupiers
Rental
Custodian
%
Manager

14. Balance available for unitisation and sale
Occupiers
Rental
Custodian
% %
Investors Managers

15. Units of rental stock are sold to Investors
at a discount to the rental value
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16. The discount and actual rental flow
determines the rate of return
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17. Investors lend direct to the land – not to
the owner
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18. Energy Pool
User
User
Energy
Custodian
Custodian
Energy Energy
Investor
Investor Manager
Manager

19. Stock - returnable in payment for energy
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20. Mega Watts: renewables funded by
issuing stock from future production.
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21. Nega Watt energy savings - the cheapest
energy - funded by an Energy Loan
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22. Energy Loans in KwH made to properties &
repaid via utility bills out of energy saved
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23. Funded by investors through buying Units of
energy stock – energy loans
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24. Energy Loan of $5,000
50 Units of 1 Megawatt Hour @ $100 per Unit
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25. 5,000 Units of 10 Kilowatt Hours
@ $1.00 per Unit...and so on
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26. Reduced energy bill paid to power supplier for
energy consumed
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27. Energy loan repaid through buying units
of stock from the Pool at the market price
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28. Saving energy is saving money
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29. Outcome – local stock exchanges?
 Dollars' worth of Land-based credit/stock will be acceptable in
settlement of obligations within a geographic area
 Dollar's worth of energy-based credit/stock is acceptable in
settlement everywhere
 Possibility of community level stock (not share!) exchanges
with settlement in dollar's worth – not dollars
 The barter industry is perfectly placed to lead the transition to
Market 3.0
 A networked and resilient economy may be built from the
ground up with no change in any law

30. Summary
 NewClear architecture enables extension of B2B to B2C
through what present itself as a community-owned VISA
 21st century forms of stock open up the possibility of
community-based stock exchanges
 The barter industry could lead both
 What are you waiting for?

31. Thank You
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