“What was missing for us to start out on this path was a monetary initiative present in these markets which, instead of relying on human competition to retain the greatest value, would be based on human cooperation as equals, creating value for all. With the arrival of Fair.Coop, faircoin has become the cryptocurrency focused on the social cooperation that was missing.
Enric Duran initially approached us during the late spring. He’d read Michel Bauwens’ policy paper for Transitioning to a Common Based Society and said that he was interested in collaborating with the P2P Foundation on a number of projects. When we asked for his impressions on Michel’s policy paper, he replied, “Yeah, we’re already doing half of what you describe in the paper at the CIC (Catalan Integral Cooperative)…now we want to do the other half”.
It is this brash, hands-on attitude that I admire so much about Enric Duran. While others were criticising the banking system and monetary creation as interest-bearing debt, Duran dared to have these same banks lend him money which he then redistributed to social justice collectives. Michel and I … Continue reading »