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BENEFITS
OF VERACOIN™,
VERASHARES
&
VERA CITY
In order to compete with the “energy companies”, there
needs to
be an economic force equivalent to a taxing authority which is able to
amass funds significant enough to be a major player in the energy
future. Since the
fossil fuel purveyors are already on the path to monopolizing
the emerging alternative energy sources with the “windfall
profits” from the inflation of fuel prices at the pumps, a countervailing economic force is
essential.
The potential
for VeraCoin™ to accumulate risk
capital for investment in renewable energy utilizing VeraShares is immense.
With a membership base of just one hundred million
subscribers, each agreeing to convert just fifty dollars per month into
VeraCoin™, a risk capital investment pool of about nine billion dollars
per year from the set aside for VeraShares will be amassed. A sum that will make the
Vera City community (residence?) real players in a renewable energy future.
The one hundred million user base example above is similar to
the number of PayPal users. PayPal reached its present level of
over a hundred million users in fifteen years.
The ultimate objective for Vera City is to attract a
membership base equal to or greater than Facebook's one billion
plus members; at that level the risk capital accumulation could
approach a hundred billion dollars oer year; Facebook reached one billion
users in just nine years.
The capital amassed can be used to invest in
micro renewable energy technology, along with energy conversion
at the community level within a culture of conservation,
seeking a low or a zero carbon footprint.
It has been determined that energy conservation and
energy efficiency are the most economical sources of new energy.
There is potential to produce many new jobs by utilizing the
accumulated VeraShares capital, in conjunction with the
collective human capital of the members, to crowd source and
develop ways of investing in energy conservation, energy saved
is energy earned (“A penny saved, is a penny earned”).
It has recently been shown that solar will be cheaper
than fossil fuels in ten years, therefore installation of solar
collectors will present an investment opportunity for our member
communities. This
will provide local jobs and opportunities, while wresting the
control and influence over the energy market away from the de
facto international oil cartel.
FURTHER
POTENTIAL INVESTMENTS
Another area of investment also capable of lowering the
community’s carbon footprint is to establish local vertical agriculture
structures within cities and towns.
Vertical agriculture represents the sustainable
agriculture of the future; recent developments in perfecting LED
grow lights are making this form of agriculture economically
feasible. Vertical
agriculture systems are being developed that provide a water
conservation loop which feeds fish, then circulating the
nutrients into the agricultural production, resulting in clean water using natural processes to feed back into the fish
tanks.
With innovations to solve third world problems like the toilet
technology for sanitation developed through the Bill Gates
initiative, along with other technologies in energy production, the
cities of the industrialized world's future will be
transformed, releasing resources no longer needed from the
infrastructure so that the buildings of the past will be the
materials for the cities of the future. Anticipating this
trend the members of Vera City will be at the forefront of
building the cities of the future.
As a byproduct of facilitating local economic activity, VeraCoin™
and Vera-City.net will be a catalyst for building social capital
as the diverse communities come together to assist each other.
The new economy will be driven by collaboration, using
open source and group sourcing to speed up the experiment
towards discovering innovations that work in order to swiftly
incorporate them into our communities.
OTHER
ECONOMIC BENEFITS
Collectively members will have the power to negotiate for
favorable health insurance rates, or to even self insure. VeraCoin™
will also support a health and wellbeing industry of
its own that will mitigate the need for “healthcare”
services. The
collective power of the Vera City membership will also provide
the clout to buy inventory and shipping services at favorable
discounts allowing business members the ability to compete with major
corporations.
Side by side with the risk capital amassed from discounting
VeraCoin™ for
the VeraShares, a community of a hundred million members
converting six hundred dollars per year into VeraCoin™ will generate a complementary
currency system with a circulation of sixty billion VeraCoin™ per
year, with a
dollar reserve of fifty billion dollars; many times that if
their are up to a billion members.
With a multiplier effect on the local economy of ten, as VeraCoin™
circulates in the
local economies worldwide, the proposed scheme will produce a six
hundred billion dollar economy. As time passes and the
membership grows the potential is in the trillions of dollars;
especially if you account for the potential from the dollars
held in reserve, a portion of which can be lent to business
members for community vetted enterprises.
There are also tax advantages for the Vera City business
members, the value of $0.85 for the VeraCoin/dollar conversion is
the real taxable value of all transactions in VeraCoin™, even
though members agree to accept them at the same value as a
dollar.
Ø
Supports
a share economy
Ø
Generates
sufficient risk capital to make a difference in the energy
market
Ø
Generates
funds for local capital investments
Ø
Promotes
a broad distribution of capital so that more people are vested
in the future wealth generation
Ø
Provides
a means for members to negotiate favorable terms on health
insurance, inventory, and shipping among just a few.
TABLE
OF CONTENTS
AN
INITIATIVE TOWARD A SUSTAINABLE FUTURE
VERACOIN™ – A Global Complementary Digital Currency
BENEFITS OF VERA-CITY, VERACOIN™
&
VERASHARES
REVENUE
STREAMS - VERA-CITY, VERACOIN™
&
VERA SHARES
TOWARDS
A PURE CREDIT ECONOMY
A
COMPLEMENTARY CURRENCY PRIMER
OPEN
ENTERPRISE MODEL - A SELF REPLICATING SYSTEM
AN
OPEN LETTER TO OCCUPY WALL STREET
THE 1%
- A HISTORIC PERSPECTIVE
IN
CONCLUSION
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