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GreenPill

S4. - Ep. 14 Community Currencies with Scott Morris

May 7, 2024
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.
45:37

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • 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.

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