The EcoCommercist
2 min readJan 21, 2024

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Each currency has a source, of course. The force of gold-backed USD was gold mining. The Gold Rush was not about jewelry, but the demand for gold to create more money. The "force" of that source has huge consequences for Native and European occupants of North America. Bitcoin's source is electricity and computational power and so that force motivates server farms, etc. The force of the fiat USD is derived from debt-based banking and that has manifested into the financialization of "everything". That outcome is normal using that force, but not normal using other forces. So one can examine any currency source in history, and identify how the force of that source manifested itself into the socio-economic systems of the time. No two sources will have the same force.

During the last two decades I have designed the logic of an NCU-based currency that is source from natural capital - so the force of nature, if you will.

What we are experiencing today, is that the force of the source of the USD fiat has run its course.

Yes, there is a Dr. Suess book in here. :)

To take this one step deeper, because of these forces, cryptocurrencies will become the lifeblood of the emerging fourth sector - the Collaborative Commons - where the force of the source of the currencies have the capacity to internalize social and ecological externalities that the other three sectors have failed to do.

Big stuff, but the logic is there. I need the technical expertise to lay the foundation for the four domains within the Collaborative Commons ( a term I coined for this just a few weeks ago).

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The EcoCommercist
The EcoCommercist

Written by The EcoCommercist

Tim Gieseke is the original EcoCommercist; a term to describe an ecological economist at the practitioner and market level.

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