IDEAS home Printed from https://ideas.repec.org/p/nmp/nuland/3943.html
   My bibliography  Save this paper

Cryptocurrencies for social change: The experience of MonedaPAR in Argentina

Author

Listed:
  • Orzi, Ricardo
  • Porcherot, Raphael
  • Valdecantos, Sebastián

Abstract

Recent technological progresses made it possible for complementary and community currencies to be increasingly transformed into digital currencies. An increasing number of them run on blockchain, a technology that allows for greater decentralization and trust-less systems. This fusion between social and cryptocurrencies opens a series of questionings: can social currencies maintain their values regarding the creation of community and a fuller citizenship? Is the total decentralization an important value for the communities that use social currencies? Can "trust", as defined for these monetary systems be replaced by a system that presupposes it? These comprehensive questions conform our current research project. With an inductive and multidisciplinary plan of demonstration in mind, this particular document tries to put in discussion the characteristics and potentialities, as well as the problems, limits and tensions generated by the circulation of digital currencies that run on Blockchain (cryptocurrencies), leaving for future research the in-depth discussion that this new mixture of technologies brings up. These issues will be addressed by studying the case of a digital social currency system running on blockchain, based on mutual credit, implemented in Argentina today: MonedaPAR, which was conceived as a defense mechanism against the economic crisis that plagues Argentina since 2016.

Suggested Citation

  • Orzi, Ricardo & Porcherot, Raphael & Valdecantos, Sebastián, 2021. "Cryptocurrencies for social change: The experience of MonedaPAR in Argentina," Nülan. Deposited Documents 3943, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
  • Handle: RePEc:nmp:nuland:3943
    as

    Download full text from publisher

    File URL: https://nulan.mdp.edu.ar/id/eprint/3943/1/orzi-etal-2021.pdf
    File Function: published
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. De Filippi, Primavera & Loveluck, Benjamin, 2016. "The invisible politics of Bitcoin: governance crisis of a decentralised infrastructure," Internet Policy Review: Journal on Internet Regulation, Alexander von Humboldt Institute for Internet and Society (HIIG), Berlin, vol. 5(3), pages 1-28.
    2. Ariane Tichit & Clément Mathonnat & Diego Landivar, 2016. "Classifying Non-Bank Currency Systems Using Web Data," Post-Print hal-01995950, HAL.
    3. Seyfang, Gill & Longhurst, Noel, 2013. "Growing green money? Mapping community currencies for sustainable development," Ecological Economics, Elsevier, vol. 86(C), pages 65-77.
    4. Michel Aglietta, 2016. "La monnaie. Entre dettes et souveraineté," Post-Print hal-01670107, HAL.
    5. Michel Aglietta & Pepita Ould Ahmed & Jean-François Ponsot, 2016. "La monnaie. Entre dettes et souveraineté," Post-Print halshs-01372330, HAL.
    6. Davidson, Sinclair & De Filippi, Primavera & Potts, Jason, 2018. "Blockchains and the economic institutions of capitalism," Journal of Institutional Economics, Cambridge University Press, vol. 14(4), pages 639-658, August.
    7. Bruno Théret, 2008. "Les trois états de la monnaie. Approche interdisciplinaire du fait monétaire," Revue économique, Presses de Sciences-Po, vol. 59(4), pages 813-841.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ricardo Orzi & Raphael Porcherot & Sebastián Valdecantos, 2021. "Cryptocurrencies for Social Change," Post-Print hal-04328151, HAL.
    2. Filipe Moreira Alves & Rui Santos & Gil Penha-Lopes, 2022. "Revisiting the Missing Link: An Ecological Theory of Money for a Regenerative Economy," Sustainability, MDPI, vol. 14(7), pages 1-18, April.
    3. Allen, Darcy W.E. & Berg, Chris & Markey-Towler, Brendan & Novak, Mikayla & Potts, Jason, 2020. "Blockchain and the evolution of institutional technologies: Implications for innovation policy," Research Policy, Elsevier, vol. 49(1).
    4. Bodó, Balázs & Brekke, Jaya Klara & Hoepman, Jaap-Henk, 2021. "Decentralisation: A multidisciplinary perspective," Internet Policy Review: Journal on Internet Regulation, Alexander von Humboldt Institute for Internet and Society (HIIG), Berlin, vol. 10(2), pages 1-21.
    5. Larue, Louis & Meyer, Camille & Hudon, Marek & Sandberg, Joakim, 2022. "The Ethics of Alternative Currencies," Business Ethics Quarterly, Cambridge University Press, vol. 32(2), pages 299-321, April.
    6. Assen Slim, 2021. "Will the BRICS Be the Leaders in Central Bank Digital Currencies?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-16.
    7. Cavallaro, Matteo & Mathieu, Alban, 2024. "Beyond the veil: Mapping cryptocurrencies' ecosystem," International Review of Financial Analysis, Elsevier, vol. 94(C).
    8. Gimet, Céline & Lagoarde-Segot, Thomas & Reyes-Ortiz, Luis, 2019. "Financialization and the macroeconomy. Theory and empirical evidence," Economic Modelling, Elsevier, vol. 81(C), pages 89-110.
    9. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    10. Mazzotta, Vittorio, 2019. "Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen [Towards a synthetic chara," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    11. David Rozas & Antonio Tenorio-Fornés & Silvia Díaz-Molina & Samer Hassan, 2021. "When Ostrom Meets Blockchain: Exploring the Potentials of Blockchain for Commons Governance," SAGE Open, , vol. 11(1), pages 21582440211, March.
    12. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    13. Théret, Bruno & Alary, Pierre & Desmedt, Ludovic, 2019. "Sur les origines et le développement d’un institutionnalisme monétaire en France. Entretien avec Bruno Théret," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    14. Mohammad Hossein Ronaghi & Mohammad Mosakhani, 2022. "The effects of blockchain technology adoption on business ethics and social sustainability: evidence from the Middle East," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6834-6859, May.
    15. Santana, Carlos & Albareda, Laura, 2022. "Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs): An integrative model and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    16. Rezai, Armon & Stagl, Sigrid, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economic Papers 9, WU Vienna University of Economics and Business.
    17. Mario Pansera & Fabien Martinez, 2017. "Innovation for development and poverty reduction: an integrative literature review," Post-Print hal-02887777, HAL.
    18. Tiia-Lotta Pekkanen, 2021. "Institutions and Agency in the Sustainability of Day-to-Day Consumption Practices: An Institutional Ethnographic Study," Journal of Business Ethics, Springer, vol. 168(2), pages 241-260, January.
    19. Diego Sébastien LANDIVAR & Clément MATHONNAT & Ariane TICHIT, 2014. "Classification des systèmes de monnaies non-bancaires : ce que disent les données du Web," Working Papers 201425, CERDI.
    20. Teck Ming Tan & Saila Saraniemi, 2023. "Trust in blockchain-enabled exchanges: Future directions in blockchain marketing," Journal of the Academy of Marketing Science, Springer, vol. 51(4), pages 914-939, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nmp:nuland:3943. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristian Merlino S. (email available below). General contact details of provider: https://edirc.repec.org/data/femdpar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.