AS
Andrew Saks is Head of Marketing at Peoples SCE, a decentralized organization built on the eCredits blockchain. He discusses the organization's structure and how it differs from traditional cooperatives.
1Interview
2023First on the show
Jan 2023Latest appearance
22 minOn camera
22:09
Latest interview · Jan 16, 2023How Peoples SCE is building a decentralized co-op on eCreditsWatch the episode →
In their own words
“The idea of this particular system is to purely focus on empowering small to medium-sized businesses and everyday members of society regardless of their status or background.”
Key points from the latest interview
- People's SCE is a European Cooperative Society built on the eCredits blockchain designed as everyday currency rather than speculative investment.
- The organization operates with completely decentralized governance where each member holds one share and one vote regardless of status or background.
- eCredits aims to empower small to medium-sized businesses by reducing merchant service fees and payment processing delays typical of centralized systems.
- Decentralized currency systems allow users to control their financial destiny without being subject to centralized monetary policy decisions like interest rate increases.
- Unlike Bitcoin which became primarily a store of value, eCredits focuses exclusively on practical peer-to-peer transactions for everyday commerce and small business operations.