Peter of England of WeRe Bank - A Message.

in werebank •  7 years ago  (edited)

Peter of England, WeRe Bank

You are clearly having issues with the banking system and this is because there aren't any services or assets priced in "Re".
What assets do you have? None, except a list of names.
You need to provide that list to each participant of WeRe Bank and provide a Mutual Credit Exchange website for them ONLY to exchange Re denominated assets & services. As the network grows to N people, the value grows in proportion to N squared.
The financial system will eventually recognise the value, like with bitcoin.

I suggest you investigate Hashgraph, a blockchain alternative.

The NWO version is Ripple...

On the website, an exchange rate between average standardised man-hours of labour & "Re" must be established. I suggest you look up the most common service provided on the network, "builder" perhaps, estimate how much energy is expended, food, water, fuel, insurance, ... and other requirements.

Check your estimates by doing a survey of builders, for example. When you have the data, you can define a standard man-hour in a legal sense, as it will be backing each "Re" unit. Once this info is provided, market makers will eventually establish an exchange rate between "Re" , Bitcoin and so on.

Also, I recommend that you and your members take advantage of steemit.com, the social media/publishing website that pays you if your articles gain popularity via "thumbs up".

Authors get paid when people like you upvote their post.
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