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notes/jeff-emmett-on-regenerative-finance.md
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@ -20,7 +20,7 @@ Jeff Emmett is a Token Engineering researcher and Communications Lead at BlockSc
# Episode notes
* What is regenerative finance (ReFi)?
* "The term DeFi means decentralized finance. This would be contrasted to centralized finance. In our existing economic system we have markets which are often intermediated by major players. We buy ETFs those are created by Blackrock or JP Morgan etc, and they basically centralize and control a lot of our financial infrastructure. So what what DeFi offers is sort of decentralizing that capacity to create instruments for borrowing, loaning, leverage. But what a lot of critics have mentioned is that it's kind of empty finance, which it is. **So where ReFi comes in is trying to take those same mechanisms, mechanisms like liquidity mining, or proof of work and proof of stake in general, and rather than using it for finance for the sake of finance, it's putting regenerative practices and principles at the heart, and then using those mechanisms to support that regenerative endeavour.**" - Jeff Emmett at 6:08
* "The term DeFi means decentralized finance. This would be contrasted to centralized finance. In our existing economic system we have markets which are often intermediated by major players. We buy ETFs created by Blackrock or JP Morgan etc, and they basically centralize and control a lot of our financial infrastructure. So what DeFi offers is sort of decentralizing that capacity to create instruments for borrowing, loaning, leverage. But what a lot of critics have mentioned is that it's kind of empty finance, which it is. **So where ReFi comes in is trying to take those same mechanisms, mechanisms like liquidity mining, or proof of work and proof of stake in general, and rather than using it for finance for the sake of finance, it's putting regenerative practices and principles at the heart, and then using those mechanisms to support that regenerative endeavour.**" - Jeff Emmett at 6:08
* You’re one of the founders of [CommonStack](https://commonsstack.org/). On the site it says you’re about “sustaining public goods”. Could you tell me a bit more about that …
* What do you mean by [public goods](https://web3.lifeitself.us/concepts/public-goods-problem) and what’s the challenge in sustaining public goods?
* See the work of [Eleanor Ostrom](https://www.nobelprize.org/prizes/economic-sciences/2009/ostrom/biographical/).