S4. - Ep. 14 Community Currencies with Scott Morris
May 7, 2024
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Guest Scott Morris, a Community Currencies expert, discusses real-world examples, principles, and the role of DAOs in community currencies. They explore successful models and envision a future with recircularized local economies and democratized digital market spaces.
Community currencies redefine money by embodying community agreements for exchange, liberating communities from conventional financial systems.
Design of community currencies can be backed by real goods/services or legacy currencies, challenging mainstream financial systems to prioritize local needs.
Deep dives
Community Currencies: Reinventing Value Exchange
Community currencies play a pivotal role in funding systems by embodying agreements within communities to utilize something as a means of exchange. They offer a fresh perspective on money predicated on agreements within communities, highlighting the reinvention of money during crises. Community currencies vary in forms like mutual credit systems, business-to-business networks, or time banks that balance a zero-balance basis. These innovative currencies demonstrate the liberation of communities from conventional financial systems.
Designing Community Currencies: Lessons From Real-world Experiments
The design of community currencies can be backed by real goods and services within local economies or legacy currencies like USD. Examples like Hudson Valley currents and the time credit system in the UK showcase successful models. Community currencies challenge the limitations of mainstream financial systems and prioritize local needs like resource allocation, supporting local businesses, and community priorities.
EGRGORs: Shaping Future Economic Landscapes
The digital realm hosts diverse EGRGORs, reflecting the values and interactive nature of different economic entities like Bitcoin and localized DOWs. Scott Morris highlights the importance of fostering digital marketplaces aligned with shared values to catalyze regenerative economies. The interplay between varied value systems creates a dynamic economic landscape, influencing the direction of economic evolution till 2034.
Empowering Local Economies Through Community Currencies
In envisaging a sustainable future, Scott Morris anticipates a shift towards recircularized local economies, reducing dependence on globalized practices. The vision involves democratizing economies through digital market spaces, aligning individual values with economic activities. Scott envisions a monetary plurality where individuals can transact in currencies reflecting their values, fostering consciousness in economic exchanges for a more sustainable and equitable future.
0:00 Intro 02:46 Scott Morris Intro 04:24 MyCoFi & Community Currencies 0527 Community Currency: Rabin Hole 10:53 Community Currency- Real World Examples 14:30 What Backs Community Currencies ? 19:36 How do we Design DAOs? 23:20 Role Of Community Currencies 2024 28:11 Community Currency Principles & DAOs 32:22 Props of Scott 37:22 Which Community Currencies are doing ti right? 39:38 What if Scott is max Successful in 10 years? 42:42 Outro
SOCIALS: 🐦 Twitter - https://twitter.com/greenpillnet 🎵 TikTok - https://www.tiktok.com/@greenpill.network 💼 LinkedIn - https://www.linkedin.com/company/greenpill-global/ 🎧 Discord - https://discord.gg/greenpill 📞Telegram - https://t.me/+g9TM8i7GpxAzMGUx Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. 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.
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