Matt Cropp 🌲🌲 is a user on You can follow them or interact with them if you have an account anywhere in the fediverse.

"Since 1992, every ... ... in Italy has had the responsibility of transferring 3 percent of its net profits to a national fund.

3 different funds were set up to support co-ops affiliated with either;
1) The Lega (Left of center),
2) ConfCoop (Catholic center Right), or
3) ACGI (Republican parties)
The Lega’s (Fund for the Promotion of Cooperatives) is the largest of the three and is used here as an example."

Maybe with and the holo and metacurrency we can be ready for mass adoption. But for full democratic organization we must be able to elect representatives to vote and make decisions on our behalf. So with the token systems we can delegate our vote to anyone. But with this comes another challenge of increasing difficulty to secure organization from hacking. So I suppose maybe we are not ready for mass adoption until this problem is solved our old fashion paper ballots?

People shared a lot on this post to the p2p group. People shared concerns like the users and consumers of social media platforms are not able to organize effectively to manage a platform democratically. But I believe the solution is the same for national and local governments, users can vote for a representative to represent their interests in the governing of the organization.

I don’t feel comfortable using Facebook anymore after they betrayed our trust by allowing our society to be socially engineered by Russia and anyone that pays them. I think it is time we transition to a social network owned and operated by its users and builders. How should we do this? Also with the end of net neutrality we need to transition to commons owned internet providers now more than ever before things get real bad. How do we transition to commons ISPs?

Bitcoin exhuberance circa 2013 compared to 2017. (source: FT)

italy, coop ecosystems Show more

tired: centralized crowdfunding platforms
wired: distributed crowdfunding protocols


Co-ops in France (data from 2016):
> 2,991 co-ops
> employing 53,850 people
> 4.6 billions in sales turnover

"We need to think about #publicservices in a new way… take full advantage of the internet and de-silo their #datasets… giving back to the general population the data produced in #socialmedia and other cloud services, instead ofΒ justΒ monetizing it for marketing purposes" @plevy
#Government as #platform
#opendata #openprotocols

@h @ntnsndr @mattcropp I think h has made interesting points. In addition to this, I wonder: What is the purpose of the tokens here? Are people from all over the world expected to "trade" microloans and generate profits from them? The last time people from all over the world (with no ties to local communities) tried to make a "quick buck" from microfinance, the outcome was devastating.

Hey! I'm helping to set up a housing #coop * #hacklab * #community near #Leipzig called Kanthaus. I'll be talking about it in #Edinburgh on the 15th and #Glasgow on the 17th. Come if you can!

@mattcropp @stefanieschulte @ntnsndr Moeda is interesting, but not because of the blockchain part of it, in my view.

@ntnsndr @stefanieschulte @mattcropp

Possibly a meta-coop chapter of platformcoop, but with areas of focus on finance / microeconomics, blockchain tech and related matters, and political organisation to support economic policy.

It's too much to wrap around anyone's head by themselves alone. This demands some sort of collaborative effort, a skunkworks operation with representatives from coops at the very least.

Co-ops in the UK:

> 6,815 co-ops
> employing 226,000 people
> employs 0.7% of the UK’s workforce

@mattcropp @ntnsndr @stefanieschulte
That's not to say that these guys aren't trustworthy, or that their business model or tech are unsound.

All that it means is that nothing of that is clear or transparent from this whitepaper, and nothing can be extrapolated from it.

Maybe it's a raw draft and it's very, very green, I don't know.
What I know is that blind trust in business doesn't tend to work very well, especially not with secret proprietary technology.

@stefanieschulte @ntnsndr @mattcropp

Sorry for the brief dyslexic lapse... in (1) I meant to say '"n my opinion coops trading their own self-issued tokens is a better model than a currency play like Faircoin's"

However, without an inter-coop token market, without an actually existing prototype, scientific paper, or deployed customer base, tokens are just air and their value is zero or less. (meaning the trust you place on the issuer)

@mattcropp @ntnsndr @stefanieschulte I read a lot of these whitepapers every month. This one may be one of the well intentioned ones, but not one of the best thought out. It didn't resist 2 seconds of scrutiny.

@stefanieschulte @ntnsndr @mattcropp
5) Can't recommend without massive improvements, disclosure of shares allocation, issuance caps, and transparency of the secret magical formula in (3).

@mattcropp @ntnsndr @stefanieschulte 1) Technically, anyone can make an ERC20 token and I favour that every coop issue their own, IMO model than a currency play like Faircoin.
2) What they describe in 2.6 is basically "trust us, just give us money".
3) They don't describe what's their "proprietary technology" in (3), they don't say what magic it does, and it's certainly not FOSS, not auditable. Awful.
4) In 4.4 and 4.5 they don't say what how shares will be split. Terrible.