The Blockchain Socialist

Collaborative Finance: Credit clearing for collectively doing more with less capital


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For this episode I spoke to Ethen Buchman (@buchmanster) and Tomaž Fleischman (@T_Fleischman) in person while at the  Commons Hub in Austria from May 22nd to 28th for the Collaborative Finance event with the Crypto Commons Association, one of the projects part of the Breadchain Cooperative. Ethan is one of the co-founders of Cosmos and works at Informal Systems, a workers cooperative that focuses on building Cosmos infrastructure with Tomaž.

A big theme of the Collaborative Finance event was about the paper Tomaž co-wrote while working with Sardex about multilateral trade clearing setoffs, or giving the ability of credit clearing to everyone rather than it being just something banks get to do. During the interview we spoke about what happened at the  event, the political implications of giving credit clearing to everyone, and how this type of system could be implemented in Cosmos.

If you liked the podcast be sure to give it a review on your preferred podcast platform. If you find content like this important consider donating to my Patreon starting at just $3 per month. It takes quite a lot of my time and resources so any amount helps. Follow me on Twitter (@TBSocialist) or Mastodon (@[email protected]) and join the r/CryptoLeftists subreddit and Discord to join the discussion.

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ICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking.

The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.

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