Community-Based Commitment Pooling

Description

Will Ruddick:

"if communities, businesses and groups across the US were to create formalized commitments denominated in USD and have them curated and placed in pools (that enable exchange) with relative value indices - there would be a diverse their portfolio of curated assets people can exchange (providing liquidity). This form of liquidity investment would be a way to do 2 things:

1. 1 Scaffolding (supporting from the bottom up) a failing USD (or other National Currencies used as units of account ). Consider a scenario where the local currency is fluctuating: by creating a commitment pool with assets denominated in both national currency, communities can retain purchasing power and ensure continued access to essential goods, thus scaffolding the national economy.

1. 2 Cultivating an economic commons and exchange system that is immune to USD (or other National Currency) scarcity or collapse.

Join the movement towards a more inclusive and resilient economic system by exploring and contributing to community-based commitment pools."

(https://willruddick.substack.com/p/from-scalar-to-vector-units-of-account?)

Characteristics

"The Commitment Pooling Protocol is structured around four core interfaces:

• Curation of Assets: This is the foundation, enabling the collection and organization of various commitments within a community, transforming individual promises into a communal asset pool.

• Limiter: It sets boundaries within the pool, ensuring that the commitments remain balanced and manageable, preventing overexposure to individual risks.

• Price Index: A Relative Value Index establishes the worth of different commitments within the pool, facilitating fair and equitable exchanges among participants.

• Exchange Logic: This governs the interactions within the pool, detailing how commitments can be exchanged, fostering a dynamic ecosystem of mutual support.

These interfaces lay the groundwork for a myriad of economic activities, from local trading systems, to production financing and transitionary polycentric global networks, all while maintaining the essence of community and mutual support. This protocol empowers communities to create a more inclusive and resilient economic future, echoing the collaborative spirit of traditional practices."

(https://grassecon.org/commitment-pooling?)

More information

• Video with Simulation: https://www.youtube.com/watch?v=_TLly1aEkyE