Let's say it borrows 100 and it promises to pay it in a year.

So what they do is out of this 10 , they pay them some of the basis points.

So actually, let me do that.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

The customer pays you 200 for your services

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

But then the anger and the depression about my father's death set in.

Mr. Patton, if I make a suggestion

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

Mr Experimenter, I solved X problems. Give me X tokens.

I probably wouldn't have noticed if you hadn't pointed it out.

They paid 1 billion to that first bank in order to get the payments from all of these people.

And so it would essentially be I gave them 100 thousand maybe to do some work for me it would be a transfer of money by giving a loan and then keep forgiving over and over it would be completely identical to giving someone a gift, which is taxed, or giving someone some type of income

(Laughter)

How do you become one of the top five websites?

I'll pay with travelers' checks.

So for example you could go to the bank and say look I lost my job we're having trouble paying for this house now after paying real estate commissions and all the rest

I'd like to pay the check, please.

You worked for us, but I'll tell you what, we'll sell it to you.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

So on day zero, you have a 200,000 loan.

I'm gonna go left, you're gonna go right, you understand me?

Let me do that in red.

So he actually has 100,000 of cash to buy his pizzeria, so he buys it outright.

So to live in this house, how much am I paying just in interest?

You don't pay any mortgage payments.

You're left with 500,000 of pre tax income.

I only have 1,000 maybe sitting in my checking account.

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

That will now compound over the next month.

But if, by chance, one of these people lose their jobs or they can't pay, or for whatever reason, instead of the payments, this entity is going to have the rights to their property.

The wages will be paid in proportion to the work done.

Visa now reports that more people are using debit cards than they're using credit cards.

The fee includes the payment for professional services needed to complete the survey.

In the whole live

I'd like to pay with my credit card instead.

You'll be paid according to the amount of work you do.

You'll be paid according to the amount of work you do.

I need to find a better job on the double to pay my bills.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

So we've collectively borrowed 1 billion from the bank.

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

And the only problem is I just can't pay all of the interest that I owe on the debt.

You're going to pay it over 30 years, or you could say that's 360 months.

I'd like to pay in cash.