"community currencies use monetary policy and governance to create an asset which caters to the specific preferences, values, and use cases that matter to a community of consumers." @lkngtn blog.aragon.one/community-aggr…
(threading some of my thinking on the topic for easy reference)
One related/counter point that I first heard from @0xstark:
historically, unions have been good at organizing the values of suppliers (labor) vs. capital (company and investors)
historically, unions have been good at organizing the values of suppliers (labor) vs. capital (company and investors)
Consumers are fragmented, unorganized, and reactive, but can be marketed supply-side values (e.g. “fair trade” coffee)
In decentralized networks, “capital” (the company) is replaced by a smart contract.
That’s potentially leverage for labor to organize around values, and market those values direct to consumer:
That’s potentially leverage for labor to organize around values, and market those values direct to consumer:
So there’s some question as to who drives the values in community tokens, at least initially.
At the outset, is it consumer/demand driven, or is it supply-side driven?
Or a recursive combo of both?
At the outset, is it consumer/demand driven, or is it supply-side driven?
Or a recursive combo of both?
Ultimately, aggregation theory shows that whomever is able to aggregate the demand has influence over the supply, but there may be an opportunity for supply to organize early and shape demand in new and interesting ways.
Thanks @lkngtn, your post formalizes a lot of these scattered thoughts in a really useful way :)
