1. The document discusses three digital currency pilots being developed by the D-CENT project to address economic problems in Iceland, Finland, and Spain.
2. The pilots are exploring municipal currencies, reward systems for political participation, and social control of credit through complementary currencies.
3. Researchers are using lean methodology including interviews, hypotheses development, and experiments to design minimum viable digital currency products for each pilot community. The goal is a flexible digital currency software suite called Freecoin.
D-CENT presentation at Sorbonne (Lucarelli)dcentproject
This presentation about D-CENT was given by Stefano Lucarelli at the seminar titled "Seminaire Capitalisme Cognitif - Vers une monnaie du Commun. L’experiénce des digital social curency et des monnaies locales". The event was held the 26th of September 2014 in Université Paris 1 Pantheon-Sorbonne.
A presentation given by Leander Bindewald from the New Economics Foundation (nef) to the NICVA Centre for Economic Empowerment Masterclass on Community Currencies and Trading Schemes. This presentation looks at where money comes from - it's creation as debt created by commercial banks, to how it can be transformed and diversified to better serve community needs and bring economic benefits to localities.
IMF Fintech report - cross board paymentClement Hsieh
The PPT content comes from IMF "Fintech and Financial Services - Initial Considerations" report. It gives clear overview to cross board payment, so it is used in our graduate Fintech course as case study.
Central banks have a mandate for monetary and financial stability in their jurisdictions and, explicitly or
implicitly, to promote broad access to safe and efficient payments. A core instrument by which central
banks carry out their public policy objectives is providing the safest form of money to banks, businesses
and the public – central bank money.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
Central banks and the future of digital money. A practical proposal for centr...eraser Juan José Calderón
Central banks and the future of digital money
A practical proposal for central bank digital currencies on the Ethereum blockchain.
CONSENSYS WHITE PAPER
Reference Architecture for Cryptocurrency in BankingITIIIndustries
The Internet has now become an environment and source for innovation development that has impacted a wide range of industries. The platform has enabled entrepreneurs to create groundbreaking solutions that have had a disruptive and transformative effect on the lives of many people. While banking had dealt with several innovations such as internet payment providers, more recently a virtual alternative to cash has begun to emerge. Although the notion of true electronic cash has been considered for some time, the availability of a practical electronic currency has only recently gained actual adoption that is forcing many financial institutions to reconsider the potential long-term impact. We provide some insight into the latest trends in cryptocurrency and propose a reference architecture for adopting this form of financial asset in a central banking scenario; i.e. a Fiat based cryptocurrency. The presently used cryptocurrency are based on a peer to peer scheme and hence we outline an IT solution that will accommodate a centrally issued electronic currency
D-CENT presentation at Sorbonne (Lucarelli)dcentproject
This presentation about D-CENT was given by Stefano Lucarelli at the seminar titled "Seminaire Capitalisme Cognitif - Vers une monnaie du Commun. L’experiénce des digital social curency et des monnaies locales". The event was held the 26th of September 2014 in Université Paris 1 Pantheon-Sorbonne.
A presentation given by Leander Bindewald from the New Economics Foundation (nef) to the NICVA Centre for Economic Empowerment Masterclass on Community Currencies and Trading Schemes. This presentation looks at where money comes from - it's creation as debt created by commercial banks, to how it can be transformed and diversified to better serve community needs and bring economic benefits to localities.
IMF Fintech report - cross board paymentClement Hsieh
The PPT content comes from IMF "Fintech and Financial Services - Initial Considerations" report. It gives clear overview to cross board payment, so it is used in our graduate Fintech course as case study.
Central banks have a mandate for monetary and financial stability in their jurisdictions and, explicitly or
implicitly, to promote broad access to safe and efficient payments. A core instrument by which central
banks carry out their public policy objectives is providing the safest form of money to banks, businesses
and the public – central bank money.
Will Digital Currencies Break The Banking System? Harsh Chitroda
So, when we ask a question of how will digital currency affect banks? So, we can say that Digital currencies are likely to give central banks more insight into the movement of money in the economy. The widespread use of electronic payment systems may also aid authorities to crack down on money-laundering and terrorist-financing efforts. Or on the other hand, we can also say that the Banks are afraid because Cryptocurrency exchange is a non-banking transaction. and if the Cryptos gain favours it can disrupt the ability of banks to create money. If this disruption alarms the central banks, then they will do something about it.
Central banks and the future of digital money. A practical proposal for centr...eraser Juan José Calderón
Central banks and the future of digital money
A practical proposal for central bank digital currencies on the Ethereum blockchain.
CONSENSYS WHITE PAPER
Reference Architecture for Cryptocurrency in BankingITIIIndustries
The Internet has now become an environment and source for innovation development that has impacted a wide range of industries. The platform has enabled entrepreneurs to create groundbreaking solutions that have had a disruptive and transformative effect on the lives of many people. While banking had dealt with several innovations such as internet payment providers, more recently a virtual alternative to cash has begun to emerge. Although the notion of true electronic cash has been considered for some time, the availability of a practical electronic currency has only recently gained actual adoption that is forcing many financial institutions to reconsider the potential long-term impact. We provide some insight into the latest trends in cryptocurrency and propose a reference architecture for adopting this form of financial asset in a central banking scenario; i.e. a Fiat based cryptocurrency. The presently used cryptocurrency are based on a peer to peer scheme and hence we outline an IT solution that will accommodate a centrally issued electronic currency
The Digital Programmable Euro, Libra and CBDC: Implications for European BanksPhilipp Marcello Schulden
On July 29, 2020 the Frankfurt School Blockchain Center has published a paper that sheds light on the perception of these payment initiatives by interviewing more than 50 senior experts. In this study, we analyze the impact of digital programmable Euro initiatives, such as the Libra stablecoin, and CBDCs, on banks. We find that both Libra and a Euro CBDC might heavily affect European banks.
Our workshop on “Central Bank Digital Currencies – Do we need them?” is scheduled for the 29th of October. Our speakers’ panel includes business representatives, stable coin providers and representatives of central banks from Europe and beyond. Scheduled for the 29th of October, participation is open to all and the agenda as well as more details are available online!
Complete Guide to CBDC (Central Bank Digital Currency)OliviaJune1
The CBDC is the digital currency managed by central banks, known as the digital fiat or digital base money. CBDC is a virtual digital token of money. Sinine currencies, cryptocurrency certifications and blockchain education are popular amongst the people as Blockchain technology has spread across the world.
A presentation on P2P banking and Transition banks for a Transition Town meeting in Stoke Newington, Feb 9th 2013 Recommends a) joining Reconomy b) adopting a LETS project such as Brixton Pound c) Set up a Transition Banking Foundation d) investigate setting up a Transition Council
Improving Your Nonprofit Impact Using Real Web3 ExamplesTechSoup
In this enlightening webinar, Robert Greenfield, CEO of Umoja Labs and a blockchain expert, discusses the practical applications of Web3 and decentralized technologies in the nonprofit sector. Greenfield shares real-world examples of how charities and civil organizations can leverage these emerging technologies in tangible ways. From managing transparency in grant management to digitizing national currencies, he explores a wide range of use cases. Furthermore, he highlights the key obstacles and regulatory challenges in the context of developing nations. An essential watch for those keen on understanding how advancements in blockchain technology can help scale impact and modernize methods in the world of charitable work.
Recorded from a live webinar by TechSoup’s Accelerating Makers team - for more like this and to join upcoming live events visit https://events.techsoup.org/public-good-app-house/
CONTINUE LEARNING & BUILDING - Accelerating Makers is helping technology builders and nonprofits co-create purpose-built tools for public good: https://AcceleratingMakers.PublicGoodAppHouse.org
BROWSE - DWeb explainer documents and guides for civil society: https://page.techsoup.org/explainer-what-is-the-decentralized-web
JOIN - Accelerating Makers community: https://survey.alchemer.com/s3/7572582/Accelerating-Makers-Community-Registration
ATTEND - Live tech events for makers and nonprofit Leaders: https://events.techsoup.org/public-good-app-house/
This event is supported by an award from the Filecoin Foundation for the Decentralized Web: @filecoinfoundationforthede7472
Hosted by TechSoup on December 6, 2023.
https://events.techsoup.org/e/mcbv4j/
This briefing on the future of money is the first in a series of explorations on the future of global systems; including industries, sectors and economies.
A tide of technology — cryptocurrencies, P2P economies, payment APIs — is reshaping the world before our very eyes. We rarely memorize, wait in line, rewind, unfold, print or phone anymore. There has never been a better time to map the phenomenon of human innovation, and there is no better place to start with than with money.
This presentation was shared by Cab Morris of the Illinois Department of Financial & Professional Regulation on the June 5th at the Banking Digital Currencies seminar.
Inclusive banking: creating peer-to-peer transactions with assetsjanjonker
The essence of 'Inclusive Banking' is people creating peer-to-peer transactions with assets such as time, mobility, energy or waste. No money involved. To make this work we created a prototype App called 'Givo'. Next step: further development followed by piloting in five cities. Then upscaling in Europe.
Crypto Social Media : Earning from Online Communitiescryptolearn
Earn from online communities with Crypto Social Media! Engage in crypto-centric platforms that reward content creators and community members with cryptocurrency. Embrace the decentralized nature of these platforms, share insights, and build connections while earning crypto rewards. Join the evolving landscape of crypto social media for financial opportunities.
The Digital Programmable Euro, Libra and CBDC: Implications for European BanksPhilipp Marcello Schulden
On July 29, 2020 the Frankfurt School Blockchain Center has published a paper that sheds light on the perception of these payment initiatives by interviewing more than 50 senior experts. In this study, we analyze the impact of digital programmable Euro initiatives, such as the Libra stablecoin, and CBDCs, on banks. We find that both Libra and a Euro CBDC might heavily affect European banks.
Our workshop on “Central Bank Digital Currencies – Do we need them?” is scheduled for the 29th of October. Our speakers’ panel includes business representatives, stable coin providers and representatives of central banks from Europe and beyond. Scheduled for the 29th of October, participation is open to all and the agenda as well as more details are available online!
Complete Guide to CBDC (Central Bank Digital Currency)OliviaJune1
The CBDC is the digital currency managed by central banks, known as the digital fiat or digital base money. CBDC is a virtual digital token of money. Sinine currencies, cryptocurrency certifications and blockchain education are popular amongst the people as Blockchain technology has spread across the world.
A presentation on P2P banking and Transition banks for a Transition Town meeting in Stoke Newington, Feb 9th 2013 Recommends a) joining Reconomy b) adopting a LETS project such as Brixton Pound c) Set up a Transition Banking Foundation d) investigate setting up a Transition Council
Improving Your Nonprofit Impact Using Real Web3 ExamplesTechSoup
In this enlightening webinar, Robert Greenfield, CEO of Umoja Labs and a blockchain expert, discusses the practical applications of Web3 and decentralized technologies in the nonprofit sector. Greenfield shares real-world examples of how charities and civil organizations can leverage these emerging technologies in tangible ways. From managing transparency in grant management to digitizing national currencies, he explores a wide range of use cases. Furthermore, he highlights the key obstacles and regulatory challenges in the context of developing nations. An essential watch for those keen on understanding how advancements in blockchain technology can help scale impact and modernize methods in the world of charitable work.
Recorded from a live webinar by TechSoup’s Accelerating Makers team - for more like this and to join upcoming live events visit https://events.techsoup.org/public-good-app-house/
CONTINUE LEARNING & BUILDING - Accelerating Makers is helping technology builders and nonprofits co-create purpose-built tools for public good: https://AcceleratingMakers.PublicGoodAppHouse.org
BROWSE - DWeb explainer documents and guides for civil society: https://page.techsoup.org/explainer-what-is-the-decentralized-web
JOIN - Accelerating Makers community: https://survey.alchemer.com/s3/7572582/Accelerating-Makers-Community-Registration
ATTEND - Live tech events for makers and nonprofit Leaders: https://events.techsoup.org/public-good-app-house/
This event is supported by an award from the Filecoin Foundation for the Decentralized Web: @filecoinfoundationforthede7472
Hosted by TechSoup on December 6, 2023.
https://events.techsoup.org/e/mcbv4j/
This briefing on the future of money is the first in a series of explorations on the future of global systems; including industries, sectors and economies.
A tide of technology — cryptocurrencies, P2P economies, payment APIs — is reshaping the world before our very eyes. We rarely memorize, wait in line, rewind, unfold, print or phone anymore. There has never been a better time to map the phenomenon of human innovation, and there is no better place to start with than with money.
This presentation was shared by Cab Morris of the Illinois Department of Financial & Professional Regulation on the June 5th at the Banking Digital Currencies seminar.
Inclusive banking: creating peer-to-peer transactions with assetsjanjonker
The essence of 'Inclusive Banking' is people creating peer-to-peer transactions with assets such as time, mobility, energy or waste. No money involved. To make this work we created a prototype App called 'Givo'. Next step: further development followed by piloting in five cities. Then upscaling in Europe.
Crypto Social Media : Earning from Online Communitiescryptolearn
Earn from online communities with Crypto Social Media! Engage in crypto-centric platforms that reward content creators and community members with cryptocurrency. Embrace the decentralized nature of these platforms, share insights, and build connections while earning crypto rewards. Join the evolving landscape of crypto social media for financial opportunities.
We want to create a global, stable and non-volatile digital currency in coexistence with other currencies.
It will EMPower the people to truly own their money and maintain their purchasing power through the use of open decentralized peer to peer digital currency platform (Blockchain).
Development will be non-profit, donation funded (no ICO), open-sourced to minimize conflict of interests and ensured that it is genuinely owned by the people.
Financial literacy in China as an innovation opportunityJan Brejcha
The purpose of the study was to get insights of the financial knowledge, behavior, and attitudes of the young generation of Chinese (Millenials or Little Emperors, i.e. born between 1980-1995), in order to find and exploit design opportunities to improve the financial well being of our target group. Our paper presents an introduction to the research area, the current technological trends, the results of our initial study, and further directions both for research and design of solutions targeted at our tentative users.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
3. Bitcoin for the Common
Good: Bridging Operaism and Banking Engineering
On the one hand, the notion of a Bitcoin for the common good is derived
from philosophy of economics (Sini, 2001) and new technological
developments opening up possibilities of the institutionalization of a
transparent and open P2P G/Local multi-currency system that has its
theoretical roots in the literature on the Common (Negri and Hardt, 2009),
the Commons (Ostrom, 1990) and the Italian Operaism (Lotringer and Marazzi
(eds.), 2007) for
!
the re-appropriation by the Multitude of the power of
currency creation.
!
!
4. Bitcoin for the Common
Good: Bridging Operaism and Banking Engineering
On the other hand, alongside the literature on Crypto-Currencies
(Nakamoto, 2009; ECB, 2012; Freidenbach and Timon 2013 DF; Sachy, 2013
DF), the study of the theoretical framework and best practices in the field of
Complementary Currencies (such as Lieater and Kennedy, 2012;
Douthwaite, 1999; Lieater, 2001; Lietaer, Arnspenger, et. al. 2012; Lietaer,
Ulanowicz et al., 2009 and 2010; North, 2007 and 2010; Greco, 2009) has
been the main focus for payment system’s engineering inspiration for
!
a decentralized, distributed and structurally resilient payment
system co-designed with - and self-managed by - users.
5. Bitcoin for the Common
Good: Bridging Operaism and Banking Engineering
The implementation of the Bitcoin protocol over the past five years opens
up a whole new field of possibilities of currency design for the common
good:
We intend to keep both Circulation and Authentication procedures from
the Bitcoin Protocol.
However, we are going to radically experiment on the notion of Social
Proof-of-Work, i.e. the extent to which it is possible to directly inform the
algorithm generating the money supply by the users of the system
neutralizing as possible the hierarchical, vertical
and centralized decision-making constraints of the conventional
money system.
6. Bitcoin for the Common
Good: Bridging Operaism and Banking Engineering
Assumption:
Users should be allowed to self-manage the system’ s money supply to the
extent to which the latter affects users possibilities of economic engagement
in the productive (not speculative) economy.
Research Question:
The problem to solve is to check whether it is possible to design
decentralized currency systems wherein the quantity of money in
circulation is always optimal (sufficiency of the means of exchange)
and adjusted in real-time.
7. !7
Methodology:
Lean Development
#1 Interviews, user groups and personas
From January to March 2014 three lean inception workshops took place in the
three pilot countries consisting of user interviews, persona development and
hypothesis testing.
Rather than focusing on features, the aim of the initial workshops was to find the
main problems that users were encountering and then to draft a series of
hypothesis statements based on the interviews as a method to identify
underlying assumptions about users’ needs and solutions to be verified.
Empathic Design
8. !8
Methodology:
Lean Development
#1 Interviews, user groups and personas
#2 Hypotheses statements
They serve the purpose of turning the interviews with users into potential
solutions and features, and should therefore be easily discarded if the assumptions
are not verified when tested in the field.
!
Bridging Qualitative Social Research & guidelines of
Protocol Design for Transfer of Value
9. !9
Methodology:
Lean Development
#1 Interviews, user groups and personas
#2 Hypotheses statements
#3 Lean Canvases:
When a hypothesis has been selected for further development, a Minimal Viable
Product is brainstormed and a set of features are noted down that are assumed to
address the users’ stated needs. A lean canvas is then drafted for the “product” in
order to tease out further assumptions underpinning the “product” and any
potential feature related to its viability in the field as well as key metrics to measure
its success.
Three Lean Canvases have been developed
for the Digital Social Currency pilots
10. !10
Methodology:
Lean Development
#1 Interviews, user groups and personas
#2 Hypotheses statements
#3 Lean canvases
#4 Experiments
For each “product”, a series of MVPs will be developed and tested. An
MVP can be any type of experiment that will feed back information
needed in order to validate a hypothesis and refine the product.
!
Tests and experiments with lead-users and
communities will take place on an on-going
basis and be shared and monitored by
the D-CENT consortium.
!
11. !11
D-CENT Currency Pilots
Who are the stakeholders / Pilot Communities?
!
EU citizens, SMEs and municipalities in Iceland,
Finland and Spain.
!
What they have in common:
to foster the Anthropo-Genetic Model of Human
Development (Marazzi): productive economy,
health, education / research, culture.
12. !12
D-CENT Currency Pilots
Iceland: Hypothesis on Reward System for Political
Participation
Through a collectively agreed-upon reward mechanism
in the form of an audit function, Your Priority users can
interface with the Freecoin Social Blockchain, wherein
social credits will flow in the geo-localized market place.
For example, rewards can be assigned proportionally in
relation to best ideas that have been selected, rewarding
contributions to the collective good within the City of
Reykjavik.
13. !13
D-CENT Currency Pilots
Finland: Hypothesis on Tool for TimeBanking
transactions
Conditioning the behaviour of the internal Tovi levy
in the broader landscape of automated error-correction
procedures; maintenance time drains too
much attention from necessary activities (such as
campaigning against the taxation of services
transacted in Tovi).
14. !14
D-CENT Currency Pilots
Spain (Catalunya): Hypothesis on a Clearing system
for Social Control of Credit
As a newly established Regional Complementary
Currency Network, EuroCat needs a user-friendly
and viable technical infrastructure on which to build
the network while expanding financial literacy.
After the qualitative social research, Eurocat is the
best social laboratory for experimenting with
Freecoin / Social Blockchain: D-CENT will be
presented within October 2014 at the Parlament de
Catalunya.
15. !15
D-CENT Currency Pilots
Spain (Catalunya): Hypothesis on a Clearing system
for Social Control of Credit
What would happen if users hit by austerity
measures could express their needs in monetary
terms on a platform that would then translate such
money needs into instructions for the algorithmic
creation of the money necessary for users to
conduct a decent life in the real economy?
This is the inquiry that will shape the Micro-
Endorsement System designed by EuroCat Managers
in concert with Users.
17. !17
Summary:
1_Municipal Currencies
2_Reward Systems
3_Social Control of Credit
!
Main three common themes that resolve classes of problems emerged after
cross-pilots and cross-use-cases fieldwork analysis in Part 1 and Part 2 of
deliverable 3.4, respectively.
!
The Freecoin Suite aims at giving a codebase to pilot
communities that allows to run the above types of
currency systems on the FLOSS
Social Blockchain Technology:
!
A Monetary Rhizome
18. !18
References:
Douthwaite, Richard, The Ecology of Money, Schumacher Briefings (No 4).1999.
Freidenbach, Mark and Jorge Timon, ‘Freimarkets: extending bitcoin protocol with user-specified bearer instruments, peer-to-peer exchange, off-chain
accounting, auctions, derivatives and transitive transactions’, Draft, August 2013. Available at http://freico.in/docs/freimarkets-v0.0.1.pdf.
!
European Central Bank, ‘Virtual Currency Schemes’, Report Oct. 2012 - http://bit.ly/RBbPWM.
!G
reco, Thomas H., The End of Money and the Future of Civilization, Chelsea Green Publishing, 2009.
! Kennedy, Margrit and Bernard Lietaer, People’s Money - the promise of regional currencies, Triachy Press, 2012.
Lietaer, Bernard, Christian Arnspenger, Sally Groener and Stefan Brunnhuber, Money and Sustainability - the missing link, Triarchy Press, 2012.
Lietaer, Bernard, Robert E. Ulanowicz, Sally J.Goerner and Nadia Mclaren. “Is Our Monetary Structure a Systemic Cause for Financial Instability? Evidence
and Remedies from Nature”, in Journal of Future Studies, Special Issue on the Financial Crisis (April 2010).
Lotringer, Sylvere and Christian Marazzi (eds.), Autonomia: Post-Political Politics Semiotext(e) Journal. 2007
Nakamoto, Satoshi, Bitcoin: A Peer-to-Peer Electronic Cash System (retrieved at http://goo.gl/RdYQO on 23 May, 2012), 2009.
Negri, Antonio and Michael Hardt, Commonwealth. Harvard University Press. 2009.
North, Peter, Local Money - How to Make It Happen in Your Community, Transition Books, an imprint of Green Books. 2010.
North, Peter, Money and Liberation - the Micropolitics of Alternative Currency Movements, Minneapolis: University of Minnesota Press, 2007.
Ostrom, E., Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge: Cambridge University Press. 1990.
!
Sachy, Marco, ‘The New Frontier in Payment Systems: Virtual Currency Schemes, the C3 Uruguay case and the Potential Impact on SSE’ (Draft),
United Nations Institute for Social Development, May 2013. Available at http://bit.ly/1sV2meR.
Sini, Carlo, Filosofia e Economia - O del viver bene (approximative English translation: Philosophy and Economics - On the Good Living), Milan: CUEM.
2001.
!
19. Thank you
for your time
Website: dcentproject.eu
Twitter: @dcentproject
Vimeo: vimeo.com/dcentproject
Slideshare: slideshare.net/dcentproject
Me: Marco Sachy / Dyne.org Foundation
radium@dyne.org