Adventures in mutual credit

'Regenerative' is the new 'sustainable'.

If 'DeFi' means decentralised (i.e. blockchain) finance, 'ReFi' means Regenerative decentralised finance. It was under this banner that 50+ folks met last week in Austria, including superstars Art Brock & Eric Harris Brown (Holo founders) and Shaun Conway from IXO.

I'm proud to announce the Credit Commons reference implementation is now available. This is the result of a decade of working with community currencies, several false starts, a white paper in 2016, a collaboration with Dil Green last year, and about four months of coding.

There are many different ways of accounting and things to be accounted for; Despite its simplicity, I've had some difficulty in the past explaining mutual credit accounting, even to educated people, so this blog is an attempt to express it clearly, for the record.

We radicals have been dreaming of other social structures for decades, especially ones based on place, and on solidarity, but only very occasionally have we been able to build them.

I know many practical people doing amazing work but who hold and are held in disdain by the world of finance because of their small size and inconventional approaches. Conversely folk who accumulate a thousand Euros here or there have no standard ways to invest it in small projects in a way that is fair to both saver and producer. A different kind of finance is needed - so what would it look like?