The document discusses the concept of "Money 3.0" as a future form of money that is decentralized and connected through peer-to-peer networks. It describes Money 3.0 as involving direct connections between individuals through lending and investment without centralized intermediaries. A key aspect of Money 3.0 is the use of new frameworks like Capital Partnerships that allow for direct peer-to-peer investment in productive assets through the use of units that are redeemable for goods, services or energy production rather than being claims on the assets themselves. These new frameworks could form the basis for a globally connected monetary system based on mutual credit and energy or location-based currencies.
27. Sellers give buyers interest-free credit –or “time to pay” Buyers 10/06/09 Credit Value Sellers
28. Credit is guaranteed by a Guarantee Society of seller and buyer members... Buyers 10/06/09 Pool Guarantee Guarantee Sellers
29. ...with some kind of “common bond”: geographical, functional, or both Buyers 10/06/09 Pool Guarantee Guarantee Sellers
30. Both sellers and buyers pay into a Pool for the use of the Society’s Guarantee Buyers 10/06/09 Pool Guarantee Guarantee Fee Fee Sellers
31. Buyers settle credit in money, or money’s worth of Value acceptable to sellers Buyers 10/06/09 Pool Guarantee Guarantee Fee Fee Value Sellers
32. If buyers default, the Pool pays sellers, and collects from buyers Buyers 10/06/09 Pool Collects Pays Sellers
33. A service provider sets guarantee limits, handles defaults & manages the system Buyers 10/06/09 Pool Service Provider Services Fee Fee Guarantee Guarantee Fee Sellers
34. Now that Banks’ ability to create and support credit has evaporated.... Bank Equity Credit 10/06/09
36. ...where Banks may manage credit creation as service providers Buyers 10/06/09 Pool Service Provider Services Fee Fee Guarantee Guarantee Fee Sellers
37. If a barter system incorporates time to pay – Credit - the result is a monetary system
38. Since 1934 the Swiss WIR business network has cleared credit for SME businesses....
40. No Swiss Francs change hands as a currency or Unit with exchange value
41. The Swiss Franc is an abstract Unit of measure - a Value Standard , or benchmark
42. The WIR is a monetary system which is complementary to the Swiss Franc
43. The WIR takes security over members’ property to protect against defaults...
44. ...so the WIR framework of trust is backed by property
45. NET’s Guarantee Society is a new framework of trust for P2P credit.... Buyers 10/06/09 Pool Service Provider Services Fee Fee Guarantee Guarantee Fee Sellers
66. Over 46,000 UK LLPs are now in pervasive use for purposes never intended... 10/06/09
67. ...even in the Public Sector, where Glasgow has four municipal LLPs 10/06/09
68. Capital Partnership – direct Peer to Peer investment in productive assets 10/06/09
69. 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 % % % % %
102. ...rather than adversarial contracts imposed by national statutes or courts 10/06/09
103. Master Partnerships require no legislation... Master Partnership Financial Capital (Money, IP etc) Users Custodians (National) % % payment 10/06/09 Human Capital ( Developers, Operators)
104. ..and there are no national or international institutions and hierarchies
105. My vision of Money 3.0 is of a networked Clearing Union