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Mikhail Shlyapnikov

From Wikipedia, the free encyclopedia
(Redirected from Kolion)
Mikhail Shlyapnikov
Михаил Шляпников
CitizenshipRussia
OccupationsFarmer, crypto entrepreneur
Known forKolion scrip, [KLN] cryptocurrency

Mikhail Shlyapnikov (Russian: Михаил Шляпников) is a Russian farmer, direct counter-economic activist and entrepreneur known for creating the kolion local currency scrip, and its post-ban cryptocurrency form.

Career

[edit]

Shlyapnikov worked in the business and finance sector since the 1990s. In 2007 he was diagnosed with an inoperable cancer.[1] Following a car accident, he relocated to Kolionovo to become a farmer.[2]

Grassroots activism

[edit]

Shlyapnikov first gained notoriety for fighting the 2010 Russian wildfires without government approval.[3]

Shlyapnikov organized harassment of government officials entering Kolionovo, such as requiring a doctor's note proving their mental health and a recent fluorography lab test to prove that they do not have tuberculosis.[3][4]

Kolion scrip

[edit]

In 2014, during the Russian financial crisis, Shlyapnikov minted a scrip, the kolion, as an alternative to the ruble. The name is a truncation of Kolionovo. The scrip is a local currency usable only in Kolionovo, pegged to both 10kg of potatoes or 1/50 of a goose. Shlyapnikov sought to introduce kolions to promote a circular economy to improve Kolionovo's living conditions.[3][1][5]

Kolion notes are one-sided and were printed by Shlyapnikov in multicolored denominations of one, three, five, ten, twenty-five and fifty Kolion. Every note had the following inscription:

«Билет является собственностью казны Колионово. Не подлежит инфляции, девальвации, стагнации и прочей фальсификации. Не является средством обогащения и спекуляции. Обеспечен собственными ресурсами Колионово. За подделку можно и того…»[2]

Translation:

"This note is the property of the Kolionovo exchequer. It does not undergo inflation, deflation, stagnation or other falsifications. It is not a means of enrichment or speculation. It is supported by the resources of Kolionovo. Or maybe it’s a fake…"[6]

On 1 July 2015, the kolion scrip was declared illegal tender by a Moscow regional court, and Shlyapnikov ordered to cease and desist printing.[7]

Cryptocurrency

[edit]

In 2016, Shlyapnikov sold shares of his farm for Emercoin [ru], allowing public speculation on his farm's production. He collected 800,000 ₽-equivalent in capital, and paid dividends via cryptocurrency.[1][8]

Shlyapnikov went further to mint his own cryptocurrency token, reviving the kolion as [KLN]. The initial coin offering in April 2017 on Waves [de] raised 401 ₿.[2][1][8]

One year on, Shlyapnikov claimed over 100 people in the Kolionovo area were using [KLN] for transactions. He introduced a loan program for other farmers to receive chicks and split the egg production 50/50, on the condition that transactions are made in [KLN].[9]

References

[edit]
  1. 1 2 3 4 "He calls it a 'hustle,' but this Russian's cryptocurrency empowers a village". Christian Science Monitor. ISSN 0882-7729. Retrieved 2024-08-31.
  2. 1 2 3 Первый на деревне, или как Михаил Шляпников сидя на пеньке создал свою криптовалюту Kolion (in Russian), DeCenter, 2019-02-26
  3. 1 2 3 Andrey Kozenko (June 12, 2015). "Russian Farmer on Trial for Printing His Own Monopoly Money". Meduza. Retrieved September 5, 2017.
  4. Ivan Nechepurenko (June 2, 2015). "Anarchist Russian Farmer to Defend His Village Currency in Court". The Moscow Times. Retrieved September 5, 2017.
  5. "Russian Prosecutors Seek to Ban "Surrogate Money" Known as Kolions". Russian Legal Information Agency. June 1, 2015. Retrieved June 11, 2016.
  6. "The absurd trial of a Russian farmer who invented his own inflation-proof currency". 17 June 2015.
  7. Russian Court Bans Anarchist Farmer's Self-Made Currency, The Moscow Times, 2015-07-02, archived from the original on 2024-09-16
  8. 1 2 Heppel, Gregor (2019), "Pflügen statt schürfen" [Plowing instead of stoking], MIT Technology Review (in German), vol. 2019, no. 8, Germany: heise, p. 62, retrieved 2025-07-30{{citation}}: CS1 maint: url-status (link)
  9. Grove, Thomas (2018-04-18), Russian Farmer Alters Rural Economy With Virtual Currency, as Moscow Watches Warily, The Wall Street Journal{{citation}}: CS1 maint: deprecated archival service (link)