CCEC Blog
Search
 

Helesia Luke, CCEC Board Member says, "A month ago I started a new job and with it embarked on a learning curve that has been a real eye opener. "  As the new Green Jobs BC Co-ordinator, my first observation is that there is no lack of global leadership on the topic. Labour, environmental and financial leaders are rallying for change and scalable solutions that provide good jobs and reduce carbon emissions. As recently as last week, former Bank of Canada governor Mark Carney noted the transition to a green economy is a trillion dollar opportunity for businesses and national economies

In the absence of policy however, citizens in Canada are taking matters into their own hands with grassroots initiatives like Iron and Earth. [ttp://www.ironandearth.org/] I&E is a worker-led group formed by unemployed oil sands workers who recently signed an MOU to build six offshore wind farms in Atlantic Canada.

A new study from Berkeley  is reporting that 500,000 people are now employed in California’s renewable energy sector. The study credits state policy for the remarkable growth in good jobs that lower carbon emissions.  

Imagine what could be accomplished in Canada with effective policies and investment in a green economy. The Green Jobs BC Conference is November 24th and 25th. Come and join the discussion about how BC can transition to green and just economy.

Green Jobs BC is an alliance of labour and environmental groups with a shared vision of an inclusive, sustainable economy that provides good jobs, are socially just, protects the environment and reduces carbon emissions. 

Currently rated 3.0 by 5 people

Yuri Yerofeyev, founder of Taurus Exchange says, “Cryptocurrencies, namely Bitcoin, have turned upside down the way I think about the world.”  To understand Bitcoins and why they are popular, Yuri says that you need to look at things from a global perspective. 

Bitcoin came to be during the financial crisis of 2008 when, after losing their assets, people started questioning the existing monetary order.  The realization that all the money is controlled by a handful of moguls gave rise to a plethora of writers, bloggers and journalists who focused on exposing the unsustainable financial system we live in; and a group of programmers worked to create a new way to transmit value from one person to another.  Yuri says, “ Enter Bitcoin, a decentralized peer-to-peer value transmission protocol that doesn't depend on any central bank or government.”

Yuri learned about Bitcoins by reading the white paper published in 2012.  He started trading as a hobby and co-founded The Bitcoin Co-op, a non-profit organization whose main goal was to educate individuals and businesses about the benefits of using Bitcoin in their daily lives.  Today he runs Canada's first fee-free bitcoin exchange called Taurus.

Here is how it works:  if you want to exchange Canadian dollars for bitcoins, you place an order and wait for a match to occur.  You can also match your bid with an existing asking order for an instant trade.  He says that while bitcoin payments are automated and easy to set up, the main challenge is the ability to provide quick and reliable funding methods on the Canadian dollar side of the deal.  Thus, most customer requests have to do with money transfers, especially when it comes to fast payment processing and alternative options.

Bitcoin is still in its infancy and can be compared to the Internet as it was in 1994.  Yuri says that bitcoin transactions are not anonymous and there are complex issues, such as scalability and financial privacy, that need to be addressed.  While there are a growing number of financial institutions and venture capitalists interested in the advantages of the "blockchain technology" considered to be un-hackable, it doesn't always mean they are into Bitcoin itself.

He feels that financial institutions like CCEC can benefit from this new technology if used for transactions, record keeping, notarization services and smart self-executing financial contracts.  He says, “Imagine a credit union that is free of human error and whose cash flow is fully automated, transparent and incorruptible.”  As the industry develops new opportunities appear including remittance, instant global payments, point-of-sale systems and derivatives markets.  While admitting that another challenge may come from the financial regulators, his hope, however, is that no significant changes are made in the law and this segment of the market will remain truly free.

Why I belong to CCEC: “One of the most important moving parts in running a cryptocurrency exchange is solid banking relationship.  CCEC is one of the few financial institutions that recognize the potential of cryptocurrencies.  The credit union's board is open-minded  and forward-thinking.  CCEC is leading the Vancouver financial space when it comes to promoting and educating people about the peer-to-peer economy, decentralization and personal freedom.”  Yuri Yerofeyev, founder of Taurus Exchange

Contact Yuri at to yuri@taurusexchange.com or visit Taurus Exchange 

Read more about alternative currencies in a previous blog:  Digital Darwinism Bridges the Gap Between Community and Finance 

Currently rated 0.0 by 0 people

What better way to connect with neighbourhours than supporting start-up enterprises?  Vancouver SOUP differs from online crowdfunding in that it is in person.  People come together, share an evening of food and fun, while supporting projects happening in their community.  The audience, who are the ‘investors’, hear four project pitches and the ‘winner’ leaves with the door proceeds.  This is building community and CCEC is proud to partner with Groundswell as a sponsor on their new project.

To volunteer, make SOUP, donate bread email vancouversoup@gmail.com

Vancouver SOUP is based on the successful Detroit SOUP.   The organizers see this project as a unique opportunity for Vancouverites to connect with each other in an easy, fun, delicious way.  Vancouver is known as an unfriendly city where people feel disconnected from their neighbours and their community.  The Vancouver SOUP Team feel that the problem that part of the problem can be solved by getting together with people over meaningful conversation or projects like weeding a shared garden, serving on a committee, or even deciding which community-building project to support.  Vancouver SOUP can be that project.  Kerrie says, “I have lived in many apartment buildings where people barely make eye contact crossing paths in the hallway.  Conversations are mere pleasantries.”  By attending a Vancouver SOUP event, people are launched into meaningful conversation about projects that could affect their lives.  They are all in it together .

The first Vancouver SOUP held in September was sold out with over 70 people who donated almost $800.00.  Kerrie O’Donnell, Project Di

rector says, “While online crowdfunding might raise more money, it doesn’t bring the community and investors together.  We, you and I, are the investors.”

The winner at the first event was Magpie’s Nest Community Art Space with their Community Art Nights where they offer free space and materials for the public to come together over art.  The audience of ‘investors’ also heard pitches about launching a Zero Waste Club, starting community dialog events centered around the ‘Talking Chairs’, and harm reduction for nightlife and music festival communities

At the second Vancouver SOUP, held on November 19th, 55 people donated $550 and voted The Binners’ Project the winner.  The Binners’ Project creates jobs for people collecting redeemable containers and reduces waste being sent to landfills.  At the event, Director Anna Godefroy explained that the money will go toward a new initiative called the Binners’ Box - where a dedicated box will be set up in laneways of buildings and housing complexes, allowing residents or businesses to place recyclable products with a deposit in the Binner Box, for a local binner to pick up.  Keep an eye out for the testing phase of this project in the Downtown East Side soon!

Vancouver SOUP is a crowdfunding event, where the ‘crowd’ is the audience who contribute at the door.  Vancouver SOUP is different from online crowdfunding is that it is in person.  Kerries says, “We envision Vancouver as a friendly city where people feel connected to their neighbours. We see a community where people support each other in finding solutions and neighbours help each other and participate in projects that better their community.  Vancouver SOUP is a place where Vancouverites can come together and leave feeling more connected to their community and perhaps they even leave with new friends.” 

Vancouver SOUP is currently held in the Downtown East Side at Groundswell Café as a ‘city-wide SOUP’.  The organizers see the SOUP appeal growing and aim to draw projects and ‘investors’ from all over the city as a larger crowd will raise more money for the winning project.  At the same time, they recognize that each neighbourhood has its own character, and they are open to helping other neighbourhoods setup their own SOUP events.

Kerries says, “Each Vancouver SOUP event is a little different, mostly because the people pitching their ideas aiming to win the crowd’s money are different.  There are new ideas to make our fine city a better place each at each event.”

Thank you Vancouver, for showing us SOUP love!

For more information, to get involved or to host a Vancouver SOUP event contact:

Kerrie O'Donnell, Project Director, Vancouver SOUP

 

Currently rated 0.0 by 0 people

The New Economy – still mostly a concept, lots of people have a different vision for the kind of economic environment we are all moving into.  What was the vision for the Impact Economy Whistler, event held in October attended by CCEC Board Members, Tammy Lee Meyer and Marty Frost?  If there was a common word that could be applied to all the visions that were present, it would be “open” as in “open-source” technology - hardware and software; and “open value networks” as a way of organizing groups of people who choose to work together. 

The people who showed up all saw themselves of members of an emerging economy.  They were computer software and hardware engineers, community developers, co-op advocates.  And if there was a common word that could be applied to all the vision that was present, it would be “open”.  The computer people were all working on developing new generations of computer operating systems, applications, communication protocols and hardware, all open source.  Open Source is a concept applied to developments (computer hardware and software primarily at this point) that have no ownership applied to them.  A piece of open source software, for example, carries no license, no proprietary rights attached to it.  Anyone has a right to download a piece of open source software, modify it and put it back up on line for open sharing.  The same principles are being applied to hardware as well. 

Some of those present were also employing “open value networks” as their form of organization.  No incorporation, no legal “rights of a natural person” applied.  Simply a group of people who choose to work together, share projects, share any resulting revenue that may be produced, well, openly.  A couple of examples that people may wish to check out on line would be Sensorica, in Montreal (www.sensorica.co), or 99% Media, also in Montreal ( www.99media.org). Neither has a legal structure, they are networks of workers who get together on a project-by-project basis, and share facilities, tools and revenue. 

The other significant “group” of people were the community development folks, most of whom are involved with local, non-State currencies.  Among these was BC’s own Michael Linton, founder of the LETS system that some of us will remember from its 40 year or so history in and around the Comox Valley on Vancouver Island.  The Mutual Aid Network was represented as well, and profiled for us their highly successful time-banking system they have developed under a co-op umbrella in Madison Wisconsin.  Time-banking is in some ways another form of local currency, certainly a local trading system. (www.mutualaidnetwork.org)

In this video podcast, Michel Bauwens chats with Art Brock, Michael Linton, and Matthew Slater about money and new currencies: accounting systems, "open money", current-sees, exchange in the post-monetary economy, trust, and value exchanges.

Is this to be an aspect of the “New Economy”?  An escape from individual ownership – or any form of ownership at all – into an economic paradigm based on sharing?  If you have a need it will be there for you, if you have something to offer you have ways to offer it, and all free of state-based currency transactions?  To people like me, who has spent most of my life assisting people to work in more sharing – but certainly “legally” structured – forms of economic relationships, it raises all sorts of questions:  how scalable can these organizations be?  How are disputes – those that are now “settled” through the market – be settled?  how would “value” of goods and services be determined?  These are questions that need to be answered as we move forward.  For my part I am thankful that there are people out there who have the passion and nerve to just get out there and do it.  Test these models in the crucible of the capitalist economy in which we live, find the challenges and develop solutions. 

Marty Frost

For more information: 

http://www.impacteconomy.io  and other podcasts  https://soundcloud.com/impact-economy

Currently rated 3.0 by 5 people

A CCEC member goes beyond the Forbes top 15 Fintech startups to watch for this year.  CrowdGIFT is a values based crowdfunding platform with a philosophy of unconditional generosity.  Their clients tend to be groups with a mandate for social responsibility or political justice.    So, who uses CrowdGIFT?  Turns out our CCEC members do! 

Ben West (TankerFreeBC, the Great Climate Race) worked with CrowdGIFT to sell his book on Fossil Fuel and more recently to fundraise for the Great Climate Race .  Last month we featured The Decentralized Dance Party ,  who also uses this platform.  Why this platform and not the others?  And why enter a market that seeds to be crowded?

Scott Nelson, a Director for CrowdGIFT says, “We are living in interesting times as we are in a world where there is dissatisfaction with the current crowdfunding platforms and a general dissatisfaction with our mainstream banks.”  The better known crowdfunding models are exclusive, use Paypal or other ‘invasion oriented’ payment methods, and the campaigner is penalized with higher service fees or non-payment if you don’t reach your target.

A key differentiator with CrowdGIFT is their use of digital currencies.  Scott says, “People have the right to economic privacy.”  As our foundation is unconditional generosity this includes anonymity and privacy for the gifter.  He believes in digital currencies for two main reasons:  they operate on the principles of decentralization, where no one is a controlling agency as is the case with our current paper money; and privacy.  Read more about digital currencies in the blog (insert link).  Scott has been a strong advocate for digital currencies since 2010 which is aligned in his following of Austrian Economics.  The quote from Julian Assange (Wikileaks) rings true for him,

 “Transparency for the powerful, privacy for the weak.”

Scott sees crowdfunding as an expanding market as more fundraising will go this way.  CrowdGIFT is about showcasing generosity. 

There are five key reasons to choose CrowdGIFT:

1.       We never hold your funds. All contributions flow straight through to you, almost instantly.

2.       You keep all funds you receive, whether you meet your funding goal or not.

3.       Our "offline direct payment" option allows your supporters to give via cash, wire transfer, money order or any other method you can figure out. This offers greater privacy and eliminates PayPal and credit card processing fees.

4.       You can easily accept modern digital currencies including Bitcoin, Dash, Litecoin, as well as Dogecoin.

5.       With crowdgift.ca, you choose how much to gift back for our service: anywhere from 0% to 20%.

So, what’s next for Scott?  While currently he is playing in the field of converging technologies:  web, mobile and alternate currencies, he sees the next wave as machine learning and its’ application to personal growth and development. 

For more information visit https://crowdgift.ca/
Currently rated 0.0 by 0 people

Is bitcoin the future of money, privacy and payments, the end of greedy banks and the fall of government fiat currencies; or is it an elaborate scam, the currency of cyber villains, and a threat to sovereign states?  

Drew of BitNational, a CCEC Member, says: “We all cherish money deeply, but most don’t truly understand what it is or from where its value is derived. Researching bitcoin and cryptocurrencies enables you to understand a lot more about how fractional reserve banking and quantitative easing only benefit the extremely wealthy, while constantly devaluing every dollar you earn. Bitcoin is honest and transparent at the lowest level.”   

Could bitcoin prevent a future global currency crisis like the ongoing Greek example? Earlier this year, there was a freeze imposed on fund transfers out of Greece and a daily limit placed on how many Euros that Greeks could withdraw from their own bank accounts. If all Greeks used bitcoin, their funds could not be frozen or rationed. We know that Fort Knox doesn’t have enough gold to support the paper currency in circulation, and lots of people are unaware that gold has not been tied to fiat currency since 1971. Is bitcoin, a currency created by the people for the people, the answer?

Bitcoin is not an easy concept to grasp, but at the moment, it’s the only currency without borders. There are many people who are now buying bitcoin in an attempt to learn more about digital currencies that are, for the most part, completely misunderstood.  According to Drew, of the DDP & BitNational, “People are infatuated with saving money, but they don’t really know what it is. The ‘money’ in bitcoin is stored fully in your control, on your cellular phone, in paper (cold storage) wallets, and now many hardware wallets are also coming into the market. There are however still risks in this fledgling industry, if you don’t know what you are doing. For example, the ‘address’ you use to transfer bitcoin must be correct or your funds could be sent to a different person and not returned. Bitcoin is a push system, rather than a pull system like credit cards and traditional banking. You are in full control of your money, if you want to be.” 

So, how are businesses using bitcoins? CCEC Member, the Decentralized Dance Party (link to blog) is selling “Peace Bonds”, exclusively using decentralized currencies, such as bitcoin, to complete The Global Party Pandemic AKA The Grand Unification Tour. The DDP’s recent European Tour was 100% financed by crowdfunding (see blog article on CrowdGIFT) using bitcoin.

So, how does it work? It is said that the blockchain technology behind Bitcoin could be a game-changer in the world of finance. It is virtually unhackable. The blockchain is the systematic ledger that keeps track of all bitcoin transactions. It can never be erased and is constantly growing as more transactions are added in chronological order. Because blockchain technology appears to remove the need for the middlemen of finance — banks, governments, notaries and even paper currency — it is thought that its system of decentralized consensus could be applied elsewhere. "Think about digital signatures, digital contracts, digital keys [to physical locks, or to online lockers], digital ownership of physical assets such as cars and houses, digital stocks and bonds and digital money," noted venture capitalist and bitcoin booster Marc Andreessen in a 2014 op-ed for The New York Times. He continues, "All these are exchanged through a distributed network of trust that does not require or rely upon a central intermediary, like a bank or broker."

Drew wants CCEC Members and their peers to be open to change. He says, “We all know that something is wrong with the current system and that we need to do something. Bitcoin is honest money… We all need to take more control of our finances and put in the effort to understand money. People don’t realize the power that they hold, and they need to understand that they can truly vote with their money.”

BitNational currently has 13 Bitcoin ATMs in Canada, 6 in Waves Coffee Houses in Vancouver and due to consistent transaction growth, will be expanding aggressively in the coming months.

For more information visit bitnational.com, bitcoin.org OR coinmarketcap.org

CCEC will be featuring more articles on decentralized currencies and bitcoin. Be sure to leave your comments on our Blog.

Contact Drew: drew@bitnational.com

Currently rated 0.0 by 0 people

What if sharing isn’t always caring? Problematizing the sharing economy

 In February, CCEC was honoured to have Hilary Henegar of Modo Car Co-op give the opening address to the Member’s Forum after our Annual General Meeting. Hilary inspired us with a whimsical tale of building a garden bed using the power of the sharing economy. Muscles were flexed, free wood was hauled, friendships were made, beers were drunk, and ultimately, plants were grown.

 It was beautiful. And that’s the point of the sharing economy: people-to-people connection circumvents commercial places of exchange. “Getting things done” becomes cheaper, more accessible, and more human.

 But does the “sharing economy” actually redistribute resources, or merely circulate them within the middle and upper classes? Last month, Ross Gentleman directed us to a blog post examining how we might ensure distributive justice in the sharing economy. Participating in the sharing economy is circumscribed in many ways: it may require having pre-existing social networks of people who have access to space, tools, time and know-how. It may require having “stuff” of your own to share. It probably requires access to the internet, since many sharing platforms (think Craigslist or Shareable) are online.

 In an age when Vancouver’s mayoral candidates promise things like city-wide wifi, this may not seem like a problem.

 But it can be, according to Roundtable participant Richard Marquez, a Chicano hailing from San Francisco’s Mission District and working as residential co-ordinator with Vancouver’s Lookout Emergency Aid Society. “In the Downtown  Eastside,” he explained, “it’s a digital divide here, it’s actually digital darkness for most of the people in our buildings –  few residents have laptops or can afford private access to the internet.” Herb Varley, a DTES resident, grassroots organizer, and longtime peer/advocate for Indigenous youth, also pointed out that many people in the DTES lack access to cell phones or any phone where they can make more than a two-minute phone call. If that makes government bureaucracy nearly impossible to navigate, it certainly shuts those people out of online sharing networks.

 If CCEC’s mandate is to be a leader in “economic change,” how can we help bridge that digital divide in Canada’s most stratified city? Many roundtable participants imagined CCEC harnessing the passion and skills of our membership and channeling them toward those who are disadvantaged. We heard about possible volunteer programs around financial literacy, ID card access, consumer counselling, and indebtedness.

 Emma Sutherland, director of Red Fox Healthy Living Society, put it this way: “People are asked to give their money all the time, but what people want to do often is to see that they’re making a real difference, and have that relationship. I know for a lot of our youth, if they meet somebody from CCEC, especially if they’re introduced by someone from Red Fox, they’re going to feel comfortable. Because people here [at CCEC] get class, race, poverty; they understand it.”

Would you participate in a financial literacy initiative at CCEC? Let us know! This option will be explored over the coming months, as CCEC’s Board of Directors drafts a new strategic plan.

 Nat Marshik is a writer, sauerkraut maker, and visual artist currently working for CCEC as a community engagement organizer. You can also find Nat’s blogs all in one place here

Currently rated 0.0 by 0 people

Alexandra Samuel

Alexandra Samuel's recent post about the sharing economy puts some great issues on the table.  The trends with car sharing, Uber, AirBnB, and other similar implementations of online apps is truly disruptive. Auto industry workers and hospitality industry workers may lose out as we re-deploy apparently share-able assets.  Geoff Meggs notes that apartment rents may go up due to competition from short-term out of town guests. Alexandra does not argue that we should protect the status quo, but, at least in part, she thinks we should manage the transition so as to ensure employment related social supports and consumer protections are preserved for the common good. The evolution of markets in the post-industrial age poses a new challenge to ordinary people.    

Currently rated 0.0 by 0 people

Search

Categories

Month List

home | memberdirectprivacy policy | contact | site map
© 2015 CCEC Credit Union. All Rights Reserved.