Introduction to Currency Design
4.6 (4 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
27 students enrolled

Introduction to Currency Design

A Conceptual Toolkit for Building Value Instruments
Hot & New
4.6 (4 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
27 students enrolled
Last updated 6/2020
English
English [Auto]
Price: $149.99
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This course includes
  • 9.5 hours on-demand video
  • 9 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • Theory, concepts, and applications of currency design
Course content
Expand all 25 lectures 09:43:58
+ Invisible Architectures and Systemic Challenges
3 lectures 01:13:18

This introductory lecture is meant to help you get into the "headspace" of a designer by seeing the world around you in terms of the invisible architectures that inflect our relationships with ourselves, each other, the manufactured world, and to nature.

Preview 09:58

This lecture gives a brief overview of the global financial system, and its common discontents (e.g. alienation and abstraction).

The Value System We Swim In
11:15

This lecture is meant to help you further your understanding of the global system of capitalist production. This schematic of the global system of production will help you see where and how different types of activists and social change-makers intervene in this system to create more justice in the world, according to their own assessment of where the highest leverage points are and what they are able to take on.

Preview 52:05
This short writing assignment will help you think more deeply about how you are embedded in the global financial system and which already-existing intervention strategies you align with the best.
Personal inventory of intervention points
3 questions
+ The Philosophy of Deep Wealth: Core Concepts of Currency Design
7 lectures 01:15:58

This lecture describes an ontology of flows, useful for thinking about the passage of wealth across agents, organizations, manufactured, and natural systems.

Flows
15:21
This meditation will help you approach the living systems perspective of currency design.
Flow Meditation
1 question

This lecture introduces "dimensions of incentives", a crucial heuristic for honing your currencies to specific audiences with particular needs, beliefs, and perspectives.

Dimensions of Incentives
12:47

This lecture introduces "spiral dynamics", a theory of human development introduced in Spiral Dynamics (1996) by Don Beck and Chris Cowan, based on Clare Graves' psychological theories for business management audiences.

Spiral Dynamics
06:05

In this lecture Arthur Brock introduces the currency life cycle which is a practical tool for currency design.  Art also shares examples of targeted currencies, monetary and non monetary.

Currencies Life cycle and Targeted Currencies
16:45
In this assignment you will assess and troubleshoot a targeted currency called "trashes", designed to solve a specific problem.
Help design a targeted currency
4 questions

In this lecture Arthur Brock explains how to use currencies to see and to shape flows of value as patterns in the world. He shares the levels of wealth framework which is the building block towards understanding how to accomplish systems integrity within an economic system.

Using Currencies to See and Shape Flows of Value
06:22
This assignment builds on the previous assignment by asking you to make connections between the "trashes" currency and the levels of wealth map.
Help design a targeted currency PART TWO
5 questions

This lecture explains wealth as a property of living systems, and describes why this is a useful perspective to take for designing targeted currencies.

Wealth of Living Systems
09:01

This lecture looks at the importance of taking inspiration from nature as a design principle, just like engineers often have! Seeing patterns in the way natural systems operate is a crucial lens through which to design currencies. This is what we call "bio-mimetic design", or "bio-mimicry".

Biomimetic Design
09:37
+ Impact Assessment Using A Multi-Capital Framework
2 lectures 58:42

This short lecture will introduce you to the ten types of capital used in the MetaImpact framework of impact assessment.

10 Types of Capital
06:40

This lecture is a more thorough look at the ten types of capital within the context of the MetaImpact framework for impact assessment.

MetaImpact Framework for Impact Assessment
52:02
+ Hacking Currencies: Complementary Currencies
3 lectures 01:33:56

This case study of the Brixton pound provides a real-world example of the formation of a community currency: why it was needed, what sort of participation drove it, and how it changed the community that used it.

Complementary Currency Case Study: The Brixton Pound
24:45

This case study on the Worgl by Jordan MacLeod will help you understand the leverage points of monetary currencies, and provides an example of a pre-blockchain, complementary monetary currency.

Complementary Currency Case Study: The Worgl
39:06

This lecture by our guest Noah Thorpe will introduce you to the main mechanisms through which blockchain-enabled complementary currencies like Bitcoin, Ether (Ethereum), and national-currency tethered currencies like USDT/USDC operate.

Key Blockchain Concepts
30:05
+ Crypto-accounting and the Commons
4 lectures 01:45:07

After this lecture you will be familiar with Elinor Ostrom's Nobel prize winning formulation of the commons, including ten principles for governing the commons.

About the Commons
20:49

This lecture explains the unfolding relationship between governing the commons and cryptocurrencies. We suggest that cryptocurrencies can support the commons by helping crowdfund projects that commoners care about and by providing a group-owned system of incentives for nurturing trust and continuity.

Cryptocurrencies Can Support the Commons: Funding and Governance
20:55

This lecture by our guest Noah Thorpe will explain how organizations can manage themselves as a collective effort by sovereign individuals. Note that this is one possible "future of work", stemming from the freelancer/gig economy. 

Self-Organizing Collectives
20:27

This video explains an important type of non-monetary currency: reputation currencies. In this case study, Siddharth Sthalekar of Sacred Capital shares a developing framework for designing the emergent "reputation economy".

Non-monetary flows - Reputation Currencies
42:56
+ Introduction to Mutual Credit Accounting
1 lecture 38:35

In this lecture by Matthew Slater, you will learn about mutual credit for the purpose of designing mutual credit currencies. Afterward you will be able to explain the foundations of mutual credit: the role of money in trade, the functions of money, and how these functions can lead to contradictions in money systems.

You will also be able to explain what mutual credit is and the design parameters to be familiar with. These are illustrated through brief examples of a mutual credit currency exchange.

Introduction to Mutual Credit Accounting with Matthew Slater
38:35
+ Currency Constellations: Using Currencies Together
3 lectures 41:57

This lecture presents "Threebles", an example on how you can use and set of three types of ratings (current-see for rankeable wealth and performance of a system) to set up external feedback loops for people and planetary impacts. This Triple-Bottom-Line Currency is part of a larger plan for preparing for the impending economic collapse by rebuilding local capacities, strengthening relationships among local businesses and their communities, and establishing new forms of community capital.

Currency constellations: Threebles Example
06:58

This lecture with our guest David Rose demonstrates the value of using currencies together, in constellations. It describes the multiple currencies used in the organic food projects of United Field Corporation and Just One Organics.

It highlights the design of asset-backed currencies; in this case, a currency backed by shelf-stable organic food, and the other currencies that help support its flow.

Unified Field Corporation and Just One Organics Example Part I
11:33

PART TWO: This lecture with our guest David Rose demonstrates the value of using currencies together, in constellations. It describes the multiple currencies used in the organic food projects of United Field Corporation and Just One Organics.

It highlights the design of asset-backed currencies; in this case, a currency backed by shelf-stable organic food, and the other currencies that help support its flow.

Unified Field Corporation and Just One Organics Example Part II
23:26
+ Why Do Currencies Fail?
2 lectures 01:28:35

This final lecture examines common causes of the failure of currencies.

Why Currencies Fail Part I
01:01:59

PART TWO: This final lecture examines common causes of the failure of currencies.

Why Currencies Fail Part II
26:36
Requirements
  • None
Description

In this course, you will learn the compelling and transformative practice of currency design.

Before the explosion of blockchain ledgers in 2008, currency design was a little-known field where community-focused economies grew as pragmatic responses to blockers to effective sharing and exchange of resources. This course approaches crypto-economics, and accounting from the perspective of this long-cultivated wisdom on designing economies for deep wealth (before and beyond money).

This course is focused on the conceptual and historical background of currency design and money, with case studies and lectures by experienced designers and key voices in imagining alternative financial systems. You will learn about designing reputation systems, impact assessments, mutual credit systems, and, importantly, why many currencies fail. We also look at the notion of the "commons" and offer some guidance as to how currencies can be targeted to solve problems of commons-management, including funding and participation.

Featured speakers: Ferananda Ibarra, Arthur Brock, Emaline Friedman, Jean Russell, Brett Scott, Mamading Ceesay, Jordan MacLeod, Sean Esbjorn-Hargens, Claudia Meglin, Siddharth Sthalekar, Noah Thorp, David Rose, and Matthew Slater 

Who this course is for:
  • Blockchain entrepreneurs
  • Reputation system designers
  • Social Changemakers
  • Community currency activists