12. Sellers give buyers interest-free credit –or “time to pay” Buyers 03/04/10 Credit Value Sellers
13. Credit is guaranteed by a Guarantee Society of seller and buyer members... Buyers 03/04/10 Pool Guarantee Guarantee Sellers
14. ..with some kind of “common bond”: geographical, functional, or both.... Buyers 03/04/10 Pool Guarantee Guarantee Sellers
15. Both sellers and buyers pay into a Pool for the use of the Society’s Guarantee Buyers 03/04/10 Pool Guarantee Guarantee Fee Fee Fee Sellers
16. Buyers settle credit in money, or money’s worth of Value acceptable to Sellers Buyers 03/04/10 Pool Guarantee Guarantee Fee Fee Fee Value Sellers
17. If buyers default, the Pool pays sellers, and collects from buyers Buyers 03/04/10 Pool Collects Pays Sellers
18. A service provider sets guarantee limits, handles defaults & manages the system Buyers 03/04/10 Pool Service Provider Services Fee Fee Guarantee Guarantee Fee Sellers
35. Over 60,000 UK LLPs are now in pervasive use for purposes never intended... 03/04/10
36. ...even in the Public Sector, where Glasgow has five municipal LLPs 03/04/10
37. Capital Partnership – direct Peer to Peer investment in productive assets 03/04/10
38. Hilton Capital Partnership ( > £1bn) Capital Partnership LLP 10 UK Hotels Gross Revenues Hilton Group Capital User Consortium LLP Capital Provider Bank Property Developer Hotel Specialist % % % % %
56. Art of Flirting Partnership Art of Flirting Partnership Financial Capital (Investors) Viewers Custodian % % £ 31/05/10 Human Capital (Actors, Producer, Me)
70. Partnership protocols require no legislation Master Partnership Financial Capital (Money, IP etc) Users Custodians (National) % % Payment 03/04/10 Human Capital ( Developers, Operators)
71. There need be no national or international organisations or hierarchies
72. Money 3.0 is not an Object : it is a Relationship
73. My vision for Money 3.0 is of a networked Clearing Union....