In this episode of
Money Creation Explained, we are going to cover How
Bartering Works in the Modern Economy.
Before money was invented, people would barter products and
services with each other. Bartering is the oldest form of
commerce. An example of a bartering transaction is that a
contractor builds a fence for a farmer. In this example, if
both parties wanted to barter, the farmer could trade with
food items for either the labor and materials or either item
separately. Bartering still exists today but there many
challenges with it in the modern economy.
Barter Notes is a service
offered by IOU Notes that takes the long established concept
of bartering, and created a platform that is secure and easy
to use. Until now, if a person or business wanted to trade
their products or services, they would have to find a
suitable trader, which is a very time consuming process.
Another option would be to join a bartering club, but each
club is different, and there are a range of fees (such as
signup, membership, monthly, and annual). The main problem
with bartering clubs is there are a limited number of
members and those clubs only allow certain products or
services to be traded. Also the members often increase the
real life prices of these items for the bartering club. So
it is hard to find good deals, and for these reasons, most
people do not utilize the power of bartering.
Our Bartering service is different. It offers many benefits
to both Buyers and Sellers. Transactions can take place
online or in person. Bartering Notes has created a system
where a bartering option is a viable and attractive option
for individuals and businesses. There are no signup,
membership, monthly, or annual fees.
Bartering Values must match real life dollar value. For
example, if a Hair Salon that charges $25 in the real world
for a haircut where people pay with cash, credit card, etc.
when accepting Barter Notes, the charged price must also be
$25. The bartering value will be regulated by other users on
the IOU Notes Platform and user's can file complaints on
other users that are over-charging. We will investigate
those claims and take the correct measures (temporary
suspend that user's barter features, etc.)
Donations of $20
or
more will receive
our
Gift of Appreciation
Crypto
Currency Blockchain Coin
10 Million Max Supply Industry
leaders Bitcoin is
21 Million max supply
and Ethereum is unlimited.
_____________________
Note: IOU
Notes is a for profit company and any funds donated are not
tax deductible. We declare any donations as company revenue
and pay the applicable taxes on it.
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