Trades - Swapping - Barter - Basics - LETSystems - Reciprocity - Swapping

http://www.1mtx.com/markets-trades/en/index.php?language=en&menu=TRADES&punkt=Swapping&punkt2=Swapping&index=Barter#SwappingBarter Swapping is the increasingly prevalent informal bartering system in which participants in Internet communities trade items of comparable value on a trust basis. Swapping: Barter Swapping is the increasingly prevalent informal bartering system in which participants in Internet communities trade items of comparable value on a trust basis. Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... Bartering is growing in popularity today with consumers and businesses realizing that it's a great way to budget and a creative way to lower expenses. It certainly isn't something new... Latest Updates... U.S. Internal Revenue Service: Barter Exchanges Latest Updates... ...Barter is a type of trade that doesn't use any medium of exchange, in which goods or services are exchanged for other goods and/or services. It can be bilateral or multilateral as trade. Basics Barter and money are different means of balancing an economic exchange. Barter is recognised as trade in societies without monetary systems. Although it can be argued that barter exists in most societies parallel to monetary systems. Transaction issues Barter - Why is it done? The Bater System is basically a way of trade; a transaction is possible when coincidence of wants of economic actors enables an exchange cycle between their bids: each party must be able to supply something another party desires. Some entities develop a system of intermediaries who can store, trade, and warehouse commodities, but who may suffer economic risk. Others develop a system with a virtual value unit ("barter dollars," or "trade credits," for example) to measure and balance exchanges, very similar to a monetary system. Multilateral barter is more complex to settle but allows trades that would not be possible with bilateral barter. However with the use of a singular platform - like a barter exchange, bartering amongst businesses is easily facilitated, even if the barter trade is done across borders. Barter is done when there is a mutual interest or desire between two or more groups, or parties, of different economic cultures, to trade/exchange goods, knowledges or events that are reciprocally understood as valuable. Barter is the agreement thus arrived at when any possible intermediary system's currency are not useful or fixable in the trade/exchange situation. To exchange events, goods, skills, intercultural valuable knowledge & competence of any kind, whether in regard of craftsmanship, mutual entertainnment or spiritual endeavour may be called barter. History: In the past, goods were to be exchanged in the goods of another without considering of its money value. To organize production and to distribute goods and services among their populations, many pre-capitalist or pre-market economies relied on tradition... » History of barter Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top Local Exchange Trading Systems (LETSystems) Local Exchange Trading Systems (LETS) also known as LETSystems are local, non-profit exchange networks in which goods and services can be traded without the need for printed currency. LETS networks use interest-free local credit so direct swaps do not need to be made. For instance, a member may earn credit by doing childcare for one person and spend it later on carpentry with another person in the same network. In LETS, unlike other local currencies, no scrip is issued, but rather transactions are recorded in a central location open to all members. As credit is issued by the network members, for the benefit of the members themselves, LETS are considered mutual credit systems. Michael Linton originated the term "Local Exchange Trading System" in 1982. Criteria LETS are generally considered to have the following five fundamental criteria: Cost of service - from the community for the community Consent - there is no compulsion to trade Disclosure - information about balances is available to all members Equivalence to the national currency No interest Of these criteria, "equivalence" is the most controversial. According to a 1996 survey by LetsLink UK, only 13% of LETS networks actually practice equivalence, with most groups establishing alternate systems of valuation "in order to divorce [themselves] entirely from the mainstream economy." Michael Linton has stated that such systems are "personal money" networks rather than LETS. How LETS work 1) Local people set up a club to trade between themselves, keeping their own record of accounts. 2) A directory of members' offers and requests—goods, services or items for hire, priced in local LETS units—is compiled and circulated. 3) Members use the directory to contact one another whenever they wish. They pay for any service or goods by writing a LETS cheque or credit note for an agreed amount of LETS units, or by exchanging printed LETS notes. 4) If applicable, the credit note is sent to the LETS bookkeeper who adjusts both members' accounts accordingly. Since its commencement over 20 years ago, LETSystems have been highly innovative in adapting to the needs of their local communities in all kinds of ways. For example in Australia, people have built houses using LETS in place of a bank mortgage, freeing the owner from onerous interest payments. LETS is a fully fledged "monetary system", unlike direct barter, with LETS members able to earn credits from any member and spend them with anyone else on the scheme. » more: LETS and ... (LETS and taxation - LETS and Social Security - Benefits of LETS - Criticism of LETS - wikipedia.org) » LETS around the world (Local exchange trading systems now exist in many countries: Africa - Asia - Europe - North America - Oceania - South America - UNILETS - wikipedia.org) Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top Reciprocity In cultural anthropology and sociology, reciprocity is a way of defining people's informal exchange of goods and labour; that is, people's informal economic systems. It is the basis of most non-market economies. Since virtually all humans live in some kind of society and have at least a few possessions, reciprocity is common to every culture. Generalized reciprocity is the same as virtually uninhibited sharing or giving. It occurs when one person shares goods or labor with another person without expecting anything in return. What makes this interaction "reciprocal" is the sense of satisfaction the giver feels, and the social closeness that the gift fosters. In industrial society this occurs mainly between parents and children, or within married couples. In other cultures generalized reciprocity can occur within entire clans or large kin groups, for instance among the east Semai of Malaysia. Between people who engage in generalized reciprocity, there is a maximum amount of trust and a minimum amount of social distance. Balanced or Symmetrical reciprocity occurs when someone gives to someone else, expecting a fair and tangible return at some undefined future date. It is a very informal system of exchange. The expectation that the giver will be repaid is based on trust and social consequences; that is, a "mooch" who accepts gifts and favors without ever giving himself will find it harder and harder to obtain those favors. In industrial societies this can be found among relatives, friends, neighbors, and coworkers. Balanced reciprocity involves a moderate amount of trust and social distance. Negative reciprocity includes what economists call barter. A person gives goods or labor and expects to be repaid immediately with some other goods or labor of the same value. Negative reciprocity can involve a minimum amount of trust and a maximum social distance; indeed, it can take place among strangers. Negative reciprocity was a prevalent form of exchange to establish friendly relations in nonindustrial societies between different groups. » more (wikipedia.org). » Negative Reciprocity (internationalecon.com) Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top Swapping Swapping is the increasingly prevalent informal bartering system in which participants in Internet communities trade items of comparable value on a trust basis. While swapping is an excellent way to find and obtain items that are inexpensive, it relies upon honesty. A dishonest participant might arrange a swap, and then never complete their end of the transaction, thus getting something for nothing. This practice is called swaplifting. Complex business models based on the concept of barter is today possible since the advent of Web 2.0 technologies. In the other word Barter means: The act of trading goods and services between two or more parties without the use of money. Bartering benefits companies and countries that see a mutual benefit in exchanging goods and services rather than cash, and it also enables those who are lacking "hard currency" to obtain goods and services. Swapping example: "Swango". » Jeff Poulton of Swango on Fashion Swapping (An Interview - "Swango was designed to make online swapping as easy as online shopping..." former Swango.com; now closed) Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top » ...more Links ! » ...more Links Bartering is growing in popularity today with consumers and businesses realizing that it's a great way to budget and a creative way to lower expenses. It certainly isn't something new... » Barter 101 (u-exchange.com) » LETSystems - the Home Page (Theory and overview - Practice - Discussion and Development; www.gmlets.u-net.com) This document was prepared by John Croft, of the Gaia Foundation. and edited by Warwick Rowell - warwick@bettong.EEPO.com.au . It describes the why, the how and the what of Local Economic Transfer System (LETS) schemes. » An FAQ on the LETS system (THE TWENTY MOST ASKED QUESTIONS ABOUT LETS - www.gdrc.org/icm/lets-faq.html) » Complementary Community Currency Systems and Local Exchange Networks (www.transaction.net/money/community/) » Complementary currency (wikipedia.org) Paper Currency Initiative: On September 21, 2000, Richmond Valley LETS, Nimbin LETS and BMT LETS (Byron Bay, Mullumbimby and the Tweed Valley) in Australia cooperatively launched a "hybrid" system which incorporated a supporting paper currency. This optional scrip, called "Ecos", was developed "with the aim of broadening the range of goods and services on offer through LETS" ...B M T LETS (Local Exchange Trading System) is a not for profit alternative trading organisation that services the beautiful coastal districts of Byron Bay, Mullumbimby and the Tweed Valley. We are a growing network of individuals who exchange or trade products and skills by using a Local Currency called "Ecos". » B M T LETS (www.bmt-lets.com) » LETS in Australia (A page of links - lets.org.au) » International Reciprocal Trade Association Non Profit Org (irta.com) » National Association of Trade Exchanges - Non Profit Org (nate.org) TRADES GLOSSARY A - Z Terms - Definitions Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top ...| Reports | Analysis | Opinions | Comments |... | Reports | Analysis | Opinions | Comments | "For Wealth without Greed, Take only what you Need!" "AN ESSENTIAL LIVING EXPERIMENT!" ...In recent history a famous philosopher/prophet named Kahlil Gibran said: Trading is thieving unless it is barter. Going back to a book that is familiar to most, a similar quotation arises, The worship of money is the root of all evil. Throughout the realm of higher literature allusions are made toward the effects of money on the moral well being of society..." Read more » ("BARTER IS BETTER!" by Robert Harris Brevig - nationmakers.com) The LETSystem Design Manual The LETSystem is designed to deal with the problems associated with conventional money. The system is defined by three underlying considerations: community, personal and practical. The principle of community refers to a finite group of people who decide to participate in the system. It also requires that nobody can claim or exert ownership. ... Read more » (www.gmlets.u-net.com) The LETSystem Design Manual The LETSystem is designed to deal with the problems associated with conventional money. The system is defined by three underlying considerations: community, personal and practical. The principle of community refers to a finite group of people who decide to participate in the system. It also requires that nobody can claim or exert ownership. ... Read more » (www.gmlets.u-net.com) 2004 Global Reciprocal Trade Statistics The World Trade Organization estimates that 15% or $8.43 billion of the $5.62 trillion in international trade is conducted on a non-cash basis. ... Read more » (irta.com) Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top Peruvian Market » Slideshow: Barter (flickr.com) Take a break... ...Take a Break...Just Relax... eCommerce e-commerce - evolution ...just relax... ...bazaars... Bazaars... ADVERTISEMENT Basics LETSystems Reciprocity Swapping » ...more Links ! ...| Reports | Analysis | Opinions | Comments |... ...Take a Break...Just Relax... ^ top Sources: Wikipedia; nationmakers.com; www.gmlets.u-net.com; .1MTX 2008