ECSA is discovering and articulating 1. a new distributed value form: a social, organizational, relational value form that leverages the ability to act together; 2. a new value calculus, i.e., modes of measurement embracing different ethical starting points, including aesthetic and qualitative evaluations of what is thought ‘valuable’. It is this relationality and sociality of value – the way we sense and move with one another and leverage the ability to act together – that the old economic grammar does not understand, and for the expression of which Economic Space Agency has created its cyber-social stack (see here). To activate the ECSA stack, we have designed a new kind of collective financial instrument, the ECSA crypto-token, a wager of collective praxis that opens up agency into the new economic space. We call our offer the “Big Put” as it allows investors to buy the right to off-load their exposure to the capitalist calculation of value and gain exposure instead to the new value forms.
The workshop session will be composed of 4 to-the-point introductory presentations designed to share our concrete progress but also questions, doubts and challenges we face while developing these new economic-organizational value forms or “networks with consequences”.
Akseli Virtanen: What backs the value of the ECSA token? Notes on the Big Put
Joel Mason: Protocols for Self-Defense
Jonathan Beller: Demands of the Derivative Condition: Decentralized, De-colonial Financial Protocols
Erik Bordeleau: Crypto-finance, Modes of Exposure and the Derivative Community