Overview

The Earth Change Vending Machine (ECVM) is a thought-experiment into whether the simplicity of a secure mechanical press is enough to fund, build and govern the production of essential goods and services, especially food and housing.

The ECVM sells a metallic form of money (Coins) and prints legally-binding paper documents (Tickets, Contracts and Titles) to change the flow of value within user-owned supply-chains.

Summary

1. The ECVM mints one Coin for each square meter of Land.
2. The ECVM sells those Coins to buy that Land and startup supplies.
3. The ECVM then trades that Land for the future Work required to build.
4. You hold Land and the future Work of others to govern future Production.

Value Theory

Borrowing a strategy from computer language type systems, we define 4 Value Types and then define 1 legally-binding Value Token for each Value Type to thereby gain authority over those real world assets.

The GNU GPL uses Copyright law to ensure every user gains access to the virtual Sources of production.

We use Property law to ensure every user gains access to the physical Sources of production, such as Land, water, minerals and other finite assets.

Value Types

1. Money - MONEY IS NOT VALUE.
2. Product - A finished good or service.
3. Work - The Human resources required to make a Product.
4. Land - The Earth resources required to make a Product.

Value Tokens

1. Coin - A Money with a circulating_supply limited by the square_meters of Land held under these terms.
2. Ticket - A unique, legally-binding promise to deliver 1 “serving size” of 1 kind of future Product at a projected quantity and quality. This has the legal form of a crowdfunding campaign.
3. Contract - A unique, legally-binding promise to complete 1 kind of future Work in 1 of the supply-chains required to fulfill 1 kind of Ticket. This has the legal form of an employment contract.
4. Title - A unique, legally-binding proof of the kind of Land ownership required to fulfill 1 kind of Ticket. This has the legal form of private real estate holdings.

Action Buttons

fund

• Add Land - You may submit the size and price of any Land currently for sale.
  • The ECVM mints 1 Coin for each square_meter of that Land.
    • The ECVM then sells those Coins to buy that Land.
• Pay to Play - You may buy Coins with Money and hope “number go up”.
  • Like most Money, this Coin does not represent property ownership, bestows no rights of governance, has no redeemable value, and implies no financial return.
  • You may buy Coins without signing Contracts, and you may sign Contracts without buying Coins.
  • The ECVM cannot accept Coins for any reason.
    • You may accept Coins for any reason.
  • The ECVM cannot communicate with Coin holders and ignores the market price and cannot adjust the circulating_supply.

build

• Sign to Pay - You may sign 1 Contract in return for many kinds of Tickets.
  • Each Ticket defines a unique interval of time and under what conditions it may be redeemed.
    • For example, you might be able to redeem a tomato Ticket in a few months, while an Avocado Ticket may require years to mature.
  • The ECVM cannot sell Contracts or Tickets for Coins or any other Money.
    • You may sell Contracts or Tickets for Coins or any other Money.
  • Each Ticket must list the Titles and Contracts required for fulfillment.
  • You may choose to participate in a yearly Basic Outcome Auction (a way to group Land and Work across many kinds of supply-chains), but it is not required.
  • To begin a Basic Outcome Auction, the ECVM finds the initial time_per_user by first calculating the total_time needed to complete all Contracts required to produce that Basic Outcome (as defined by that group-of-groups), then dividing by the number of Users in that group-of-groups.
    • The ECVM then offers all Contracts at the initial time_per_user commitment.
    • After each 24 hours, the time_per_user is reduced for all unsigned Contracts.
    • This is meant to incentivise unpopular and difficult Work.
• Work to Own - You may complete 1 Contract to gain many kinds of Titles.
  • Each Title represents the Land ownership required to complete 1 step in the production required to fulfill 1 Ticket.
  • The ECVM cannot sell Titles for Coins or any other Money.
    • You may sell Titles for Coins or any other Money.
  • The kind of Titles you gain are based on the kind of Tickets you selected, not the kind of Contracts you completed.
    • If you select Honey Tickets, you will gain Hive Titles.
    • You cannot gain Hive Titles by completing a Contract within a Honey supply-chain.
  • The amount of Land you gain for the amount of Work you do (the Land/Work ratio) is based on the market price of the Land you will gain and the market price of the Work you did.
  • The maximum amount of Land you may gain is limited by the minimum amount of Land required by all other Users.

govern

• Select to Vote - You select which future Products will be made on your Land as you select Tickets.
• Allocate Land - You select where Products will be made on your Land by adjusting a shared Map.
• Schedule Work - You select when Products will be made on your Land by adjusting a shared Calendar.
• Split Titles - You may divide Land (secede from a group) to localize governance.
  • This helps resolve the “Tyranny of the Majority”.
• Join Titles - You may group Land (unite into a group) to increase efficiency of scale.
  • You are not required to group in any way.
• You may hold Titles and the Contract signatures of others to control future production.

Links

This is one implementation of the For_Product model. The application is under construction. See LinkTr.ee/ECVM for more info.

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