this post was submitted on 24 Oct 2024
-8 points (31.8% liked)

Ask Solarpunk

121 readers
1 users here now

Welcome to c/AskSolarpunk @ slrpnk.net!

A Fediverse community to ask slrpnk.net open-ended, thought provoking questions.



Rules: (interactive)

We respect the basic rules of the SLRPNK server:

be constructive
there is no need of another internet space full of competition, negativity, rage etc.;
no bigotry
including racism, sexism, ableism, transphobia, homophobia or xenophobia;

be empathic
empathy is more rebellious than a middle finger;

no porn and no gore
let’s keep this place easy to manage;

no ads / spamming / flooding
we don’t want to buy/consume your commodified ideas;

occasional self-promotion
by active members is fine.



Related Communities

founded 11 months ago
MODERATORS
 

We need altcoins as long as we interact economically over the net, with people we do not know (or simply with people outside our local communities). If we try to imagine what qualities a "solarpunk coin" should have, what are your thoughts? Do we know any existing coin, checking all boxes? This question is more about political economy of Solarpunk, then its technology.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 month ago* (last edited 1 month ago) (1 children)

Cryptocurrency is, with few exceptions, looked at with scorn by most solarpunks. This is due to the technology itself being almost exclusively used by grifters and scammers, as well as some inherent problems to the technology itself, which are wonderfully explored in this Folding Ideas video on Crypto, DAOs, and NFTs.

But to answer your question, I think one of the few viable options would be something based on GNU Taler, which is a sort of anonymous digital cash that is distinctly not based on cryptography at all, and thus avoids the unbelievable waste of energy that most Cryptos are plagued with.

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago) (1 children)

Thank you for mentioning GNU Taler.

I have freshly read an interesting article https://www.leafscore.com/blog/the-9-most-sustainable-cryptocurrencies-for-2021/ (the link is weirdly recycled, it is a 2024 piece), showing that there is a number of altcoins (and I use this term deliberately - no ETH or BTC included) trying to solve both the technical and political faults of the initial concept. I believe that, if one designs a currency properly in political sense, the technology can be adjusted as well.

[–] [email protected] 6 points 1 month ago (1 children)

I'm skeptical if such a thing can be done with crypto specifically.

As an example, the top coin in that list, Solarcoin, uses a Proof-of-Authority model, which while very energy efficient, is also difficult to decentralize, and vulnerable to the 'authority' acting maliciously. It's cool that it's based of solar power generation, but I can't help but feel that just means the people who are wealthy enough to own solar panels would become rich compared to the have-nots?

Stellar, on the other hand, uses a Federated Byzantine Protocol, which... Honestly it's too late for me to try to understand it 😅

I guess I have to ask: what is the goal of the theoretical altcoin? Are we spitballing a currency for a post-capitalism world? Something for us to use in the here and now to avoid PayPal fees or zelle? A method for activists to covertly transfer funds?

The reason why will inform the what.

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

Partly, I answered here: https://slrpnk.net/post/14539748/11723741

As for the scope of it, I see it as a bridge solution for the stage where we still have to interact with capitalist realm, but can already start building our own (post-capitalist, solarpunk, anarchist - whatever the name) real economy, so we need an inter-community exchange token. There should (nor will) not be a uniform solution for every community involved, so we need something to use as a mediating value carrier.

As such, it may retire at some point in favour of something better suited to the new world needs, or survive - like gold today - in mostly symbolic role.