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Commoncoin: a multi-signature self-remuneration complementary crypto-currency and basic income provision system

Marco Sachy

In the context of citizen empowerment via the design and implementation of Collective Awareness Platforms for Sustainability and
Social Innovation (H2020-CAPSSI) such as commonfare.net as the output of the project Poverty Income and Employment News (hereafter, the PIE News project – www.pieproject.eu), Commoncoin can be thought of as a bottom up radical provocation about the meaning of the reappropriation of the power of money for and by the users of currency and payment systems. Indeed, at the time of writing in July 2017, the digital currency (DC) for the Commonfare platform (www.commonfare.net) is being designed as a version of bottom-up basic income in the form of a complementary currency deployed as a cryptocurrency stored in the Freecoin Social Wallet (www.freecoin.ch) implementation, which is the digital wallet prototyped for pilot participants in the PIE News project.

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