Author Topic: Owner-ship is the foundation of riba - Allodium the solution  (Read 125 times)

Abdun Nur

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Peace all,

Riba is usury, usury is not trade.

Trade is the reciprocal exchange of the fruuts of your labours.

Usury is a one-sided extraction of the fruits of the labours of others.

Debt with interest and fees is the interest demanded for the use of money.

Taxation is the interest demanded for the use of your labours.

Rental is the interest demanded for the use of infrastructure.

Profit is the interest demanded for the use of capital.

Ownership is the interest demanded for the use of land.

The alternative to ownership is to re-establish the allodium, which is based on the idea that you may only own that which you yourself create.

If a cryptocurrency is created within a closed bond, interest and fee free, linked in value to purchasing power and only created in advance when linked to an external guarantee,  allowing a zero balance check, you would for the first time in recorded history have a true medium of exchange.

Using this model of exchange I've explained how to re-establish the allodium:

https://earthcoinage.com/allodium-platform/