[P2P-F] Crowd Control: Funding Freedom in Closed-Loop Production Aggregates

Fri Jul 15 15:22:06 CEST 2011

Michel Bauwens wrote:
> can you explain 'closed loop'?

I use this for two reasons:

Ecologically, the system must be able to operate on it's own, without
external inputs.

This is done by the Aggregate owning the Physical Sources of all the
Products being used.  Another term for this is "Vertical Integration".

Initially no Aggregate will be strictly closed-loop because we will
just buy shovels instead of trying to mine Iron ore, etc.

Economically, the system must allow the users to create value for
themselves without paying external entities.

This is done by helping the users gain real ownership whenever they
pay for that growth (usually when paying profit), and to retain that
ownership when paying costs (usually through work).

This can be imperfect as well, just so the payer receives *some*
ownership - for it is the ownership in Sources that eliminates the
need to buy Products.  In computer terminology this is similar to the
concepts of "predictive schedule", "pre-cache" or "pre-allocate"
because the Product is not moved (sold) at the last moment, but is
already the property of the entity that will use it.