# COLLABORATIVE FINANCE, CRYPTOECONOMIC SYSTEMS, SYNTHETIC FINANCE, NETWORK DERIVATIVES Cryptoeconomy is not just another tech sector. It is a different way of doing the economy. The economic space we need to discuss in relation to the cryptoeconomy is nothing short of imaging and engineering an alternative, post-capitalist mode of organizing and calculating that sits in parallel with the conventionally-conceived economy. That’s a big claim. It announces new economic possibilities that, while not entirely novel in their vision, are wildly new in the conception of their reach and mode of organization. The rise of joint stock company and stock markets in 1840s transformed capitalism. A whole new mode of production, capture and distribution of value was born. I think we are now at a turning point of similar significance. The new network technologies will produce a radically different economy. How value is created, captured and distributed, what is money, how people relate to production, are changing as radically as the first generation internet changed the way we communicate and relate to the presence of others in our social communication. Here is some of our recent thinking: [Accounting is already a distributed protocol ](https://glossary.ecsa.io/accounting) [An expanded ledger grammar for encoding and communicating our economic realities](https://medium.com/econaut/an-expanded-ledger-grammar-for-encoding-and-communicating-our-economic-realities-b32cdb1d3abb) [Reciprocal stakeholding: a new economic networking primitive](https://https://medium.com/econaut/reciprocal-stakeholding-a-new-economic-networking-primitive-31ff81b336f0) [Collaborative Finance - An ECSA View](https://docs.google.com/document/d/1YNjLGRekDppV3YzjSUsvIkasZneaTJoOvH4uoKC2TpU/edit?usp=sharing) [Cryptocurrencies as Units of Account: Genetically Reengineering the Economy](https://docs.google.com/document/d/1-cjHDACjRTuP18F_olJdMNgkR5zzTFBp3K3FMi_xvOI/edit) [Economic Space TV: ECSA economic white paper introduction](https://www.youtube.com/watch?v=28d8uut8-to) [ECSA Token is alive / ECSA Network is launched](https://medium.com/econaut/ecsa-berlin-office-postcapitalist-economic-media-expressing-distributed-economic-networks-90f30f24a06b) [Decolonization of Money](https://web.archive.org/web/20220815084318/http://www.lafuriaumana.it/index.php/77-lfu-43/1104-jonathan-beller-economic-media-a-brief-dossier) [Post-capitalist economic expression](https://web.archive.org/web/20220815083227/http://www.lafuriaumana.it/index.php/77-lfu-43/1105-akseli-virtanen-a-glossary-of-post-capitalist-economic-expression) [Economy as a re-programmable communication medium](https://web.archive.org/web/20220815054657/http://www.lafuriaumana.it/index.php/77-lfu-43/1102-jorge-lopez-our-economy-a-re-programmable-network-operating-system) [A Macroview to cryptoinvesting](https://medium.com/econaut/what-is-cryptoeconomy-a-macroview-84f4a0258832) [What is a cryptoeconomy? And why now?](https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d) [Economics back into Cryptoeconomics](https://medium.com/econaut/economics-back-into-cryptoeconomics-20471f5ceeea) [Rethinking Money and Credit in a Cryptoeconomy: On Protocols for Securing Liquidity in a Distributed Economy](https://assets.pubpub.org/mqc2esfj/21581340206367.pdf) [Towards Post-Capitalism: A Language for New Economic Expression](https://medium.com/econaut/towards-post-capitalism-7679d2831408) [What is Stability? The Time for Alternative Money](https://medium.com/econaut/what-is-stability-50655254124) [Reframing stability in cryptoeconomy](https://medium.com/econaut/whose-stability-6521874f6c5a) [Valuation crisis and cryptoeconomy](https://medium.com/econaut/valuation-crisis-and-crypto-economy-39c5b7e373af) [Crypto-Political Economy. Transcending Hayek and His Digital Disciples](https://medium.com/econaut/crypto-political-economy-dd91c6fcff7) [Network derivatives, synthetic indices, distributed value forms](https://medium.com/econaut/cryptoeconomics-working-sessions-2-at-nyu-stern-424dee379cfc) [ECSA Tech Stack Architectural Description](https://docs.google.com/document/d/1HxqlId13F9Dw7SbAEi3MgC5VAMJAaMtbIfo1B5V7560/edit) ECSA Economic Paper (reading group version) [The Grammar of Economic Space Agency: Towards Protocols for Collaborative Finance and Post-Capitalist Economic Expression](https://docs.google.com/document/d/1RfaYu2YED7OSYu2h7Bktj656juocFTUtwKrZrkIMgaA/edit) Podcasts [Designing post-capitalism and social derivatives with ECSA](https://theblockchainsocialist.com/designing-post-capitalism-with-the-economic-space-agency-feat-akseli-virtanen/) 💜 [The Crypto-political economy: Transcending Hayek and his Digital Disciples](https://soundcloud.com/user-177407194/crypto-political-economy-ch-2) [Economic Grammar for the Information Age](https://soundcloud.com/user-177407194/ecsa-vision) Videos [Rethinking Money and Credit in a Cryptoeconomy](https://youtu.be/Ej9kDa9KyYs?t=311) (MIT) [An Economic Grammar for Post-Capitalism](https://youtu.be/-37F9b7tu0U) (MIT) [What is economic media?](https://vimeo.com/481679974) [What comes after Decentralized Finance?](https://vimeo.com/487174337) [Programming organization ](https://www.youtube.com/watch?v=lC6Q_1q_cWI) [The ECSA Tech Stack in 30 seconds](https://www.youtube.com/watch?v=MGsaU9zXKUo&feature=youtu.be) [ECSA in the history of computation: Small Talk, Self, Xerox Parc, Cryptographic object capabilities, Mark S. Miller, stateful multi-agent programming languages](https://www.youtube.com/watch?v=AP0EtBNvS-o) [Balancing privacy with the utility of aggregating data](https://youtu.be/eHabxMq5Hts) [Informational integrity of network derivatives](https://youtu.be/5RIFQveg-u4) [Decentralized exchange, stable unit of account, bridging of different value forms](https://youtu.be/VV3GEagvFZc) [A Distributed Exchange Protocol](https://youtu.be/TGuPuXapz68) (ECSA at MIT) [Economic Protocols for Liquidity Creation](https://youtu.be/dywmtQDBK9M) (ECSA at MIT) [A Peer-to-Peer Value Creation System ](https://youtu.be/99Qdb9n2070)(ECSA at MIT) [Distributed Network Protocols as a Metapragmatic Grammar](https://youtu.be/vtjWr4Hz988) (ECSA at MIT) [How does it feel to work with ECSA? ECSA team at work, Lohja, Finland](https://vimeo.com/504726700).
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AKSELI VIRTANEN

Co-Founder, Economic Space Agency, San FranciscoDSc(Econ.), Associate Professor (Docent), Aalto University, HelsinkiFamily with three boys@econaut6akseli@ecsa.ioakseli.eth

5/5/2024
POLEMOS BOOK SERIES (2006-2012)

We started the Polemos series to create a new language and sense to our experience of biopolitical economy to which the existing concepts and approaches did not seem to talk anymore. The concepts and openings introduced in the series looked at first perhaps exceptional or even extravagant. Yet concepts such as immaterial labor, multitude, mental ecology, precariat, basic income, semiocapitalism, feminization of work, attention economy, copoiesis, cognitariat, arbitrary power were mapping the already changed social and political territory on which we are standing. The series tried to find words for things which existed, but which were still lacking them. It tried to build a new language and sense to our experience. Polemos (Gr. war, battle) is a means of creation. It is a creator of ideas and cooperation, their father and king, as Herakleitos said, others it makes Gods and others men, others it makes slaves, others free. The titles in the series include:

4/26/2024
Statement (énoncé)

Akseli Virtanen

8/15/2023
BIOPOLITICAL ECONOMY AND ARBITRARY POWER

One of the key questions that has guided my work - and is also behind the ECSA-project - is the mutation of capitalism and the necessity to create new concepts for understanding economy and its organization. Significant part of my research has traced the mutation of economic formation of value and the capitalist form of production both historically and logically. I have developed concepts such as arbitrary power, semiocapital and biopolitical economy in order to rethink and conceptualize economy and its organization from the same premise that has led political philosophy to speak of biopolitics. Why? Because if this premise is the absolute condition for thinking politics today (as Michel Foucault, Giorgio Agamben, and Hannah Arendt for example have stated), it must be so also for thinking economy - since what is at stake in this premise is the general dissolution of the boundaries between economy and other areas of life.

7/30/2023
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