Cheap and Plentiful Renewable Energy
The global transition to renewable energy is being held up because today's renewable energy is so expensive when compared to coal, oil and gas.
This is because the scale of infrastructure that is needed to capture enough sunlight and wind energy to cope with intermittency and seasonality is enormous and hence very expensive.
Tabbre will solve this problem by creating vast oceanic photovoltaic solar farms.
These will use flexible lightweight floating structures made from recyclable plastic. They will be located in the oceanic gyres of the South Atlantic, South Pacific and South Indian Ocean.
These oceanic gyres are deserted, largely sterile, tropical international waters covering tens of millions of square kilometres.
The electricity generated will be used to electrolyse water into hydrogen and oxygen. Hydrogen can be converted to methane or ammonia.
The hydrogen, methane and ammonia gases will be compressed or liquefied for shipping to consumers as a clean chemical fuel replacement for fossil fuels such as coal, natural gas and oil. Using solar energy to produce hydrogen, methane and ammonia solves the problem of intermittency since these fuels, unlike electricity, can be easily transported and stored for later consumption.
Tabbre's sustainable energy will be much less expensive and more plentiful than fossil fuels, and so market forces will drive the transition from fossil fuels to sustainable energy.
Also because Tabbre's sustainable renewable energy can be delivered as hydrocarbon fuel, existing gas, oil and coal burning industrial, commercial and transport equipment can continue to be used.
This will make the transition to sustainable energy easier, cheaper and faster.
Oceanic gyres are located in the centres of our oceans. Tabbre's floating solar farms will be located within the three southern gyres at the bottom of the picture.
Tabbre Blockchain
To make this vision possible, Tabbre is creating two new cryptocurrency assets: TABB and BRE.
These will be expressed on a new blockchain, the TabbreChain. The TabbreChain uses a proof of stake consensus.
Transaction charges and other usage fees are payable in BRE. TABB is used as collateral for the stakes used in the TabbreChain's proof of stake consensus protocol.
Stakeholders are rewarded in BRE.
The TabbreChain will provide a smart contract execution environment.
The TabbreChain hosts the smart contracts that encode the decentralized foundation's governance and tokenocracy rules.
The governance smart contracts are amendable using a proof of stake voting system.
This allows the Tabbre system to grow and evolve over time to reflect society's changing needs.
TABB & BRE
TABB is like Bitcoin in that it has a fixed maximum supply.
A large fraction of all TABB will be held by a decentralized foundation, The Tabbre Foundation.
The Foundation's TABB holdings will be used as collateral for debt finance to fund the development of Tabbre's oceanic floating solar farms.
BRE will be issued and managed by the Tabbre decentralized foundation using an algorithmic method to ensure the value of BRE remains stable.
The renewable energy generated by Tabbre will be priced and sold for BRE. BRE will be backed by the value of energy generated by the Tabbre scheme.
As Tabbre develops, all profits generated by the scheme will be reinvested into more renewable energy capacity until a target energy output is reached.
At this point, called the distribution point, profits will be distributed.
The Tabbre decentralized foundation will distribute profits to TABB holders by using the profits to buy and burn TABB.
The intent is to cause significant appreciation in the value of TABB.
BRE is created dynamically on the Tabbre blockchain, in accordance with the Tabbre system's governance rules.
BRE Monetary Authority
BRE will be issued by the BRE Monetary Authority
Tabbre's Global Universal Basic Income
Tabbre is expected to be hugely profitable when it achieves its objective of being the principal global supplier of energy.
Tabbre's solar farms are located in international waters that are considered global commons.
In the interests of social fairness and social cohesion and as a protection against confiscation by avaricious and corrupt governments, Tabbre intends to use a significant fraction of profits from the scheme to fund a global universal basic income (UBI).
This will be distributed in BRE.
Bre's role in paying the global UBI coupled with Bre's role as the currency for trading energy will allow BRE to become a non national self-sovereign decentralized global reserve currency.
The Tabbre Project will help transition the world from fossil fuels and establish a global decentralized financial system and in so doing will help end both the climate crisis and global poverty.
The Tabbre Model
Global Adoption
BRE is both the currency for the pricing and sale of energy generated by the Tabbre scheme and the currency for distributing Tabbre'e global UBI.
This will create a substantial and sustainable global economic role for BRE allowing it to become an international decentralized currency to rival fiat currencies.
As such BRE will need to be created in sufficient quantities that it operates as a stable value coin. It is envisaged the value of BRE will be governed by the average price of energy produced by the scheme, for example, 1 BRE will be the average cost of a MWh (3.6 GJ) of energy supplied by the scheme.
Tabbre will be a censor resistant global monetary system that will supplement and compete with the world's existing fiat based banking systems.