we may retrace our steps.
Banking and exchange within the
New Earth
The NEX will operate through two primary
interfaces; the first will serve as a foundation for New Earth Members, Micro-nations,
Communities, Retreats, and other participants to operate through, and will be accessible to those participants only.
All transactions taking place within this first
interface will employ only Zero Point Economic (ZPE) principles. This primarily takes
the shape of a Barter Economy using a
currency which we call the New Earth Promissory. The New Earth Promissory is a medium of exchange that is created by the user
and exists for the length of the transacting
period, after which it is extinguished. The
value proposition of the currency is purely
for system/technological purposes, from a
real life perspective the purpose of the currency is to make sure neither the buyer or
seller are financially indebted to each other
and the transaction becomes a no strings
attached exchange.
transaction, in which case the promissory
will take on a new 10 orange value. The
reason for this is to eliminate the notion
of debt within the community and its residents.
Once properly grounded within a stabilised
community group, individuals will not need
to keep track of their promissories in terms
of balance or units available. According to
the level of community stability (as determined by the community itself), the NEX
will become little more than a transparent
account management tool where balances
are maintained automatically and promissories are made available to any individual
during the event of a transaction enabling
a true currency-less or cashless style of
living – banking and accounting will be a
thing of the past! And ultimately, so too will
the promissories themselves!
Exchanging with old-earth
The second interface of the NEX is purposed for transactions between those
within New Earth and those in the legacy
system. This interface is e