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  • National-level Implementation – The Liquidity Network
    quid Similarly shops and other suppliers will state what percentage of the price can be paid in quid Taxes due on payments in quid will be paid in quid It will be impossible to prevent an unofficial exchange rate developing between the quid and the euro but there will be no recognised exchange rate between the two currencies The Trust will not sell quid for euros nor euros for quid but some participants undoubtedly will Although there will be no target exchange rate between the quid and the euro it might be advisable to manage the number of quid in the system for the first few months so that the price of a quid is roughly one euro The quid in an account do not belong to the accountholder they are only there as a measuring tool The velocity of circulation in each account will be monitored by the system s software and if an account s velocity is tending to rise more quid will be assigned to that account If the velocity is falling quid will be removed Accountholders will be provided with information so that they can know when to expect quid to be added or removed The overall number of quid in the system will be adjusted each month to keep them scarce in relation to the total amount of trading going on This will maintain their value Quid must not be used for capital investment Funding for that must be sought in the conventional money system The quid is only intended to provide liquidity to allow trading to take place not investment capital People should not save quid because the units should not be expected to maintain their value and in any case if the quid in their account are not moving a percentage of them will be taken away each month No credit will be extended in the system Accounts will not be allowed to go into deficit A participant dispatching goods or providing services to another member of the network will issue an invoice immediately the goods are dispatched or the services performed and enter the charge against the customer s account in the way hotels sometimes do with credit cards to ensure that their bill will be paid The quid involved will be placed in escrow and will no longer be available to the accountholder for other trades When the goods have arrived and been checked the recipient will notify the system that the sum held in escrow should be released to the supplier s account Accountholders will pay a monthly fee in quid based on the turnover in their account to cover the operating costs of the system This arrangement would inject the equivalent of 3 billion into the consumer economy about a quarter of the amount that has been lost to the M1 money supply since it peaked More quid would be given into the system each month to the accounts with the highest velocity and those with a low velocity

    Original URL path: http://theliquiditynetwork.org/index.php/implementation/ (2016-02-16)
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  • Resources – The Liquidity Network
    modules and simulations to very our algorithms can be found here By Fabio Barone 5 26 pm 0 Responses Stay in touch with the conversation subscribe to the RSS feed for comments on this post You must be logged in to post a comment Subscribe About The Liquidity Network The aim of the Liquidity Network is to address the current liquidity problem the slow down in economic activity triggered by

    Original URL path: http://theliquiditynetwork.org/index.php/resources/ (2016-02-16)
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  • Progress – The Liquidity Network
    groups of similar aims A number of parties are interested in the proposals and discussions and negotiations are continuing A technical group which has the goal of implementing software to further the adoption of the Liquidity Network implementation proposals The plan for technical development is outlined below Technical Plan We have had intensive discussions among technical and strategic parts of the team and have come up with an interim plan for technical development Here is a summary of the plan We adapt an existing first go at a simulation by Fabio Barone to produce a robust set of well tested software modules that will form a core of the Liquidity Network for now We will ensure that these are good quality and can subsequently be used or adapted for a production environment if needed We post this software with a Open Source licence in a repository Currently this repository can be found on GitHub here We will encourage other interested developers designers and testers to become part of the team If you are one and would like to help out please email us We will concentrate initially on implementing core software followed by a simulation to demonstrate that our proposed algorithms work to fulfil the network s goals Next we will demonstrate a secure interface for point of sale and a mobile phone wallet that uses this interface We will initially develop in an agile Python environment but can later adapt this if we need to merge with other projects By Fabio Barone 4 36 pm 0 Responses Stay in touch with the conversation subscribe to the RSS feed for comments on this post You must be logged in to post a comment Subscribe About The Liquidity Network The aim of the Liquidity Network is to address the current liquidity

    Original URL path: http://theliquiditynetwork.org/index.php/progress/ (2016-02-16)
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  • Participate – The Liquidity Network
    register and join the forum to add suggestions critiques and comments Feasta s website is at www feasta org and the forum is at www feasta org forum viewforum php f 51 You are invited to comment on articles on this website wherever you feel inspired If you would like to participate in the software development in any other form support the project or interact with us on any issue don t hesitate to drop us a line Contact us at liquiditynetwork at feasta dot org Email address deliberately altered to prevent spam bots Thank you By Fabio Barone 4 21 pm 0 Responses Stay in touch with the conversation subscribe to the RSS feed for comments on this post You must be logged in to post a comment Subscribe About The Liquidity Network The aim of the Liquidity Network is to address the current liquidity problem the slow down in economic activity triggered by the credit crunch Currently virtually all economic activity is powered by debt based credit individuals and businesses borrow in order to finance their activities Using the credit released by these loans they more Archives March 2013 April 2012 March 2012 February 2012 January 2010 November

    Original URL path: http://theliquiditynetwork.org/index.php/participate/ (2016-02-16)
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  • The Liquidity Network › Log In
    The Liquidity Network Username Password Remember Me Lost your password Back to The Liquidity Network

    Original URL path: http://theliquiditynetwork.org/wp-login.php (2016-02-16)
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  • Adoption – The Liquidity Network
    Adoption No comments Kilkenny and the Quid Fertile grounds July 10 2009 Posted in Adoption No comments Subscribe About The Liquidity Network The aim of the Liquidity Network is to address the current liquidity problem the slow down in economic activity triggered by the credit crunch Currently virtually all economic activity is powered by debt based credit individuals and businesses borrow in order to finance their activities Using the credit

    Original URL path: http://theliquiditynetwork.org/index.php/category/adoption/ (2016-02-16)
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  • Business networks – The Liquidity Network
    Liquidity Network The aim of the Liquidity Network is to address the current liquidity problem the slow down in economic activity triggered by the credit crunch Currently virtually all economic activity is powered by debt based credit individuals and businesses borrow in order to finance their activities Using the credit released by these loans they more Archives March 2013 April 2012 March 2012 February 2012 January 2010 November 2009 September

    Original URL path: http://theliquiditynetwork.org/index.php/category/business-networks/ (2016-02-16)
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  • Case study – The Liquidity Network
    Subscribe About The Liquidity Network The aim of the Liquidity Network is to address the current liquidity problem the slow down in economic activity triggered by the credit crunch Currently virtually all economic activity is powered by debt based credit individuals and businesses borrow in order to finance their activities Using the credit released by these loans they more Archives March 2013 April 2012 March 2012 February 2012 January 2010

    Original URL path: http://theliquiditynetwork.org/index.php/category/case-study/ (2016-02-16)
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