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The challenge of building a scalable postcapitalist commons: The limits of FairCoin as a commons-based cryptocurrency

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Version 2 2021-06-10, 09:12
Version 1 2020-12-11, 09:36
journal contribution
posted on 2021-06-10, 09:11 authored by Sam Dallyn, Fabian Frenzel
Postcapitalist commons are a growing area of interest in the efforts to generate alternatives to capitalism in the present. Commons are understood as self-organised collectives based around shared resources; yet postcapitalist commons have an additional element, in operating within while projecting an “after” capitalism. This can give rise to tensions since commons striving for postcapitalism also require a certain amount of capital to survive and function within capitalism. FairCoop is a radical postcapitalist commons that adopted the cryptocurrency FairCoin in 2014. FairCoop, through FairCoin, was able to generate some trans-local connections through its use of peer2peer technologies and was thus able to scale-up. Its design, however, was ultimately unsustainable due to insufficiently clear boundaries from capital. After highlighting the lack of commons boundaries around FairCoop, we identify some additional commons-capital boundary design principles which could contribute to the sustainability of future postcapitalist commons experiments that are seeking to scale.

History

Citation

Antipode: a radical journal of geography, Volume 53, Issue 3, May 2021, pp. 859-883

Author affiliation

School of Business

Version

  • VoR (Version of Record)

Published in

Antipode: a radical journal of geography

Volume

53

Issue

3

Pagination

859-883

Publisher

Wiley

issn

0066-4812

Acceptance date

2020-10-14

Copyright date

2020

Language

en

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