The Priceless Economic incubator creates living/working environments for research, development and experimentation with post-monetary economic models.
The project seeks to create a new format of intentional community, combining ecological co-living with software development. Our first two projects will be to create sister villages, one in Slovenia and one in Kenya, with a group of 5-10 co-living individuals or families, developing on emerging Web3 technologies to create new economic systems that are used by the villages themselves for economic interaction.
Design principles for Priceless Economic projects
• Community-based economics. Sustainable practices and development of a regenerative culture requires a foundation in social norms, culture, and community. Economics requires groups and networks, shared stories and norms.
• Walk the talk. The software development teams are living together and utilizing the software they develop for other communities, not just acting as observers.
• Share knowledge. Our projects are open source and shared both among our own communities and with the public at large. Creation of a new economic system requires mass participation. Intellectual property hoarding is a barrier to creating the best technologies at speed.
• Interoperate and replicate. Rather than creating monolithic structures, we seek solutions with a biological-systems approach to scalability, which focuses on replicability and interoperability, rather than central control.
The Priceless Sister Villages
Priceless Villages are a practical bridge to co-living. Rather than the idealized concepts of communes or eco-villages, Priceless creates a co-living and working environment that is sustainable in today’s economic reality while creating a living solution that develops resilience and long-term sustainability.
• Slovenian Sister: Resettlement of 5 displaced Ukranian developers in a rural co-living environment, permaculture, and Web 3 development center for women and children.
• Kenyan Sister: Co-working space in a semi-urban environment for training of software developers in Web3 technologies.
The villages offer co-living and co-working in an environment that provides for the needs of the members and also has the surplus to create open-source projects that serve as the foundation of new economies. The teams will be experimenting with different economic models that can create the connectivity fabric that can stem a new economy based on these communities.
About Grace Rachmany
Rebecca (Grace) Rachmany is one of the leaders in the areas of tokenomics, blockchain governance and distributed technology. She is an expert in practicalities of how to lead a decentralized/distributed organization, DAO governance consultant and brings 25 years of hands-on management of teams and cross-team cooperation, She is also the founder of Voice of Humanity, which creates systems of collaboration, governance and currency design, and reconstruction of human economic systems.
Community Driven Economics
About Shaila Agha
Shaila Agha became interested in alternative economic systems In University, while studying traditional economics and finance, observing the systems flaws and failures. She worked in the development sector in Public Financial Management for Agricultural Development, then as an independent FinTech consultant for several Kenyan based institutions. Currently, she’s a Digital disruption Advisor for Grassroots Economics Foundation, a community Inclusion Currency in Kenya.
Environmental behavior change
About Diana Finch
Diana is responsible for the transition from the Bristol Pound to Bristol Pay, having taken over the project and recognizing the limitations of monetary solutions to social and ecological problems. The focus of her work is designing innovative approaches to enable a different sort of economy to emerge, focused on environmental and social capitals, rather than just financial capital.
Priceless Economic Experimental Proposals
Sufficiency Currency Project
The Sufficiency Currency Project offers a new approach to sustainable economies that provide security for the provision of people’s basic needs. Based on community-based reputation and sharing of pooled resources, the Sufficiency Currency aims to create fabric among regional communities.
Bristol pay Social
Certificate and recognition system for rewarding social behaviors such as cycling instead of driving, growing your own food, etc. Sustainable and social practices badges to strengthen community cohesion and increase resilience in the face of changing economic and ecological realities.
Local vouchers program developed on the Holochain network to enable the use of mobile money and local currencies in a face-to-face context, even in locations where there is no internet connectivity. Phones serve as their own hosts and nodes, enabling a resilient local economic network that can interoperate with the larger economy as needed.