Section 5: Using a Decentralized Autonomous Organization to Manage the Currency In order to ensure that the community currency is transparent, fair, and accountable, the steering committee may consider setting up a decentralized autonomous organization (DAO) to manage the currency. A DAO is a decentralized network of participants that operates through a set of predetermined…...Read More

Section 3: Creating a Berkshares-style Community Currency in Detroit Creating a Berkshares-style community currency in Detroit involves several steps, including forming a steering committee, establishing a local bank to issue the stablecoin, setting up a decentralized autonomous organization (DAO) to manage the currency, designing and promoting the currency, and building a network of participating businesses…....Read More

What is it?Predatory lending has had a devastating impact on Detroit, and has contributed to the economic struggles faced by many of its residents. Predatory lending refers to financial products or services that are marketed to people who are in a vulnerable position, often through deceptive or manipulative tactics, and are designed to extract as...Read More

The Secret’s OutIt’s no secret that black Americans have been economically suppressed for decades. From discriminatory lending practices that have kept them from accumulating wealth, to the disproportionate targeting and punishment by the criminal justice system, the economic system has consistently disadvantaged this population. This has been explicitly shown to be true in Detroit. But...Read More