# Notes Mutual Credit ## 1. Round of introductions - Dil about collective meaning "this seems to augment what everyone is already doing" - Dil about talking versus working "I am the person who has to do a lot of the talking" - Go to market : quality/time/cost? "shared scopes will be brought like: tech, municipal outreach, social entreprise angle, business-to-business open credit network" - Habib : thinking af a simple exercice to share: abt personal interests gtated out loud to the collective, based on a simple questionary, that can pretty easily result in some kind of drawing or a series of graphs of all the answers - Dil we need a small amount of actual cash ## 2. Decisions and collective choice - how about the naming "Capacity Club"? - what's the issue with the "open credit network" brand name? (answer by Dil: none!) - Dil: who blocks? (ano one) - idea about the bonding curve of the value of tokens aver time : - Oliver: "I see a risk here." "Here I suggest: to make it smoother, less gap over time in the decrease of value to avoid dominant positions of the first participants" - Dil : proposal 1 token = 1 pound = 1 mutual credit (50 pounds/ hour) - discussion abt usual economics / the usual crypto way/ and what we would like to achieve here - ... - Dil : "objective is to build a non bank money alternative sphere" "I would like the multiplier for people who put money : that way not too much power given to shareholders who don't contribute with work" - ... - Dil: "for the moment tokens are tokens. At the moment finance comes in, we will figure out what the multiplier number should be, not now as we don't have any" - Oliver: "a bit worried not to do it now, but I don't want to block " - Martin : "market will tell us at the time of asking it" - Dil: "let's decide 2pm UK time (multiplier issue" - Sophie: introduction