Season 4 - Ep. 20 - Grassroots Economics W/ Will Ruddick
May 30, 2024
auto_awesome
Grassroots Economics expert Will Ruddick discusses commitment pooling, on-chain capital allocation, and the visualization of decentralized exchanges. The podcast explores the practical application of grassroots economics, community empowerment through field guides, and the tokenized future economies. It emphasizes the transformative power of grassroots economics in revitalizing communities and networks.
Grassroots Economics blends ancient commitment pooling wisdom with blockchain tech for community empowerment.
Tokenized value expressions aim to create global reciprocal trade networks for economic ecosystem regeneration.
Deep dives
Grassroots Economics and Community Asset Vouchers in Kenya
Grassroots Economics, led by Will Ruddock, focuses on creating cosmological economic ecosystems by using community asset vouchers. These vouchers, developed since 2015, have been implemented across various African countries like Kenya, South Africa, and Cameroon. By issuing and exchanging these vouchers, over a million on-chain interactions have been observed, enabling community prosperity and regeneration. Will Ruddock explores the ancient wisdom of commitment pooling, blending traditional practices with blockchain technology to empower local communities.
Revisiting Ancient Practices in Community Resource Coordination
Will Ruddock delves into the revival of historical rotational labor associations and non-monetary resource coordination systems across indigenous cultures. The concept of commitment pooling allows communities to express value and commitments, creating a reciprocity-based economic ecosystem. By mirroring traditional practices in modern digital contexts, Grassroots Economics aims to rebuild social fabric torn apart by predatory capitalism, emphasizing asset management and community coordination rooted in ancient wisdom.
Enabling Grassroots Economic Interconnection on the Blockchain
Grassroots Economics facilitates community economic development by integrating commitment pooling protocols on blockchain technology. Through the Sarafu network and commitment pooling, communities can express and curate commitments, creating asset-backed stable coins and liquidity pools. The vision is to normalize tokenized value expressions, fostering decentralized networks for reciprocal trade and synergistic asset flow on a global scale.
Building Neural Networks of Value Expression and Pooling
In envisioning the future of capital allocation, Grassroots Economics and collaboration with decentralized platforms like Gitcoin aim to create a web of interconnected commitment pools. This vision includes networks of tokenized value expressions, incentivized curation, and organic asset flow among communities globally. By nurturing polycentric economic systems, the goal is to regenerate peer-to-peer networks, empowering individuals as gardeners cultivating living economic ecosystems.
0:00 Intro 02:20 What is Grassroots economics & How it works? 03:03 Where is will recording from? 03:30 Grassroot Projects - Commitment Pooling 05:40 Will on Season 4 theme & Practices 08:27 Wisdom Practices 11:13 Is it on chain or cultural only? 13:20 Deeply Embedded to this cause 15:55 Commitment Pooling 19:20 Real World Cases 24:45 viz.sarafu network 27:07 Grassroots Economics Field Guide 30:30 What If Will Is Max Successful? 35: 19 Will & Kevin on On-Chain Capital Allocation 37:57 Closing remarks
Disclosure: From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Greenpill team writers hold crypto assets.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode