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

Section 1: Introduction to Community Currencies Community currencies are alternative forms of money that are used within a specific geographic region or community. They are designed to support local economic development and strengthen the connections within the community. One example of a successful community currency is Berkshares, which is used in the Berkshires region of…...Read More