This system is not barter, as barter is the act of exchanging goods without the use of money. Money is a medium of exchange. In this system barter credits are de facto money as they can be exchanged for goods. Dollars are not the only form of money on the planet. Of course you would have to pay tax on the barter credits in the same way that tax is paid on non-monetary components of salary such as cars, holidays and lunches etc. Actually I would bet that any taxing institution would jumping on the fact that barter credits are really monetary units straight away.
Bartering is the direct swapping of the cows for the hay.
I totally agree with you Ellis, I just wanted to confirm with Revlgking that was how the system works... before I put forward it was just another currency.
Ellis, keep in mind: Here we are talking about monetizing goods and services that are NOW just lying there, unused.
Can you please explain this comment, what do you mean goods and services that are now just lying there, and monetizing ???
