Cryptocurrencies for social change: The experience of MonedaPAR in Argentina

Recent technological progresses made it possible for complementary and community currencies to be increasingly transformed into digital currencies. An increasing number of them run on blockchain, a technology that allows for greater decentralization and trust-less systems. This fusion between social...

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Autores principales: Orzi, Ricardo, Porcherot, Raphael, Valdecantos, Sebastián
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Research Association on Monetary Innovation and Complementary and Community Currencies 2021
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Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/3943/
https://nulan.mdp.edu.ar/id/eprint/3943/1/orzi-etal-2021.pdf
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id I29-R135-3943
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spelling I29-R135-39432023-09-29T15:59:04Z Cryptocurrencies for social change: The experience of MonedaPAR in Argentina Orzi, Ricardo Porcherot, Raphael Valdecantos, Sebastián Recent technological progresses made it possible for complementary and community currencies to be increasingly transformed into digital currencies. An increasing number of them run on blockchain, a technology that allows for greater decentralization and trust-less systems. This fusion between social and cryptocurrencies opens a series of questionings: can social currencies maintain their values regarding the creation of community and a fuller citizenship? Is the total decentralization an important value for the communities that use social currencies? Can "trust", as defined for these monetary systems be replaced by a system that presupposes it? These comprehensive questions conform our current research project. With an inductive and multidisciplinary plan of demonstration in mind, this particular document tries to put in discussion the characteristics and potentialities, as well as the problems, limits and tensions generated by the circulation of digital currencies that run on Blockchain (cryptocurrencies), leaving for future research the in-depth discussion that this new mixture of technologies brings up. These issues will be addressed by studying the case of a digital social currency system running on blockchain, based on mutual credit, implemented in Argentina today: MonedaPAR, which was conceived as a defense mechanism against the economic crisis that plagues Argentina since 2016. Research Association on Monetary Innovation and Complementary and Community Currencies 2021 https://nulan.mdp.edu.ar/id/eprint/3943/ application/pdf eng https://nulan.mdp.edu.ar/id/eprint/3943/1/orzi-etal-2021.pdf International Journal of Community Currency Research, 25(1), 16-33. ISSN 1325-9547. 10.15133/j.ijccr.2021.002 <https://doi.org/10.15133/j.ijccr.2021.002> Argentina info:eu-repo/semantics/altIdentifier/doi/10.15133/j.ijccr.2021.002 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion Fil: Orzi, Ricardo. Universidad Nacional de Luján; Argentina. Fil: Porcherot, Raphael. Institutions et Dynamiques Historiques de la Société et de l’Economie (IDHE.S); France. Fil: Valdecantos, Sebastián. Co-founder of MonedaPAR; Argentina. Criptoactivos Descentralización info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Criptoactivos
Descentralización
spellingShingle Criptoactivos
Descentralización
Orzi, Ricardo
Porcherot, Raphael
Valdecantos, Sebastián
Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
topic_facet Criptoactivos
Descentralización
description Recent technological progresses made it possible for complementary and community currencies to be increasingly transformed into digital currencies. An increasing number of them run on blockchain, a technology that allows for greater decentralization and trust-less systems. This fusion between social and cryptocurrencies opens a series of questionings: can social currencies maintain their values regarding the creation of community and a fuller citizenship? Is the total decentralization an important value for the communities that use social currencies? Can "trust", as defined for these monetary systems be replaced by a system that presupposes it? These comprehensive questions conform our current research project. With an inductive and multidisciplinary plan of demonstration in mind, this particular document tries to put in discussion the characteristics and potentialities, as well as the problems, limits and tensions generated by the circulation of digital currencies that run on Blockchain (cryptocurrencies), leaving for future research the in-depth discussion that this new mixture of technologies brings up. These issues will be addressed by studying the case of a digital social currency system running on blockchain, based on mutual credit, implemented in Argentina today: MonedaPAR, which was conceived as a defense mechanism against the economic crisis that plagues Argentina since 2016.
format Artículo
Artículo
publishedVersion
author Orzi, Ricardo
Porcherot, Raphael
Valdecantos, Sebastián
author_facet Orzi, Ricardo
Porcherot, Raphael
Valdecantos, Sebastián
author_sort Orzi, Ricardo
title Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
title_short Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
title_full Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
title_fullStr Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
title_full_unstemmed Cryptocurrencies for social change: The experience of MonedaPAR in Argentina
title_sort cryptocurrencies for social change: the experience of monedapar in argentina
publisher Research Association on Monetary Innovation and Complementary and Community Currencies
publishDate 2021
url https://nulan.mdp.edu.ar/id/eprint/3943/
https://nulan.mdp.edu.ar/id/eprint/3943/1/orzi-etal-2021.pdf
work_keys_str_mv AT orziricardo cryptocurrenciesforsocialchangetheexperienceofmonedaparinargentina
AT porcherotraphael cryptocurrenciesforsocialchangetheexperienceofmonedaparinargentina
AT valdecantossebastian cryptocurrenciesforsocialchangetheexperienceofmonedaparinargentina
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