Impact

Every year our economy is losing trillions in value bc an entire class of goods - public goods - cannot capture value.

We can now fix that with thanks to the blockchain. This is crypto's real PMF:

Every year our economy is losing trillions in value bc an entire class of goods - public goods - cannot capture value.

We can now fix that with thanks to the blockchain. This is crypto's real PMF:
https://paragraph.com/@abundance/coordination-structures

Working on /impact ||


Abundance Economy book: book.abundance.id

probably needs some expounding but there are essentially two stages here:

In the first stage the network determines the (expected) value a public good

In the second stage - once the public good is created and already has impact on the network - the network reviews the impact and reward the good (retroactively). This review can be recurring - with funding distributed based on milestones/percent of overall impact realized.

Between stages 1 and 2 you can put a team together and get investors or loans for your project. Investors (or banks) take a risk on your execution, and can get a portion of the retro funding (based on what you agree to)

diagrammatically it looks something like this:

Co-founder at /nearchos 🧭 Dad of two amazing daughters 🧭 Web3 enthusiast 🧭 Jump rope & Calisthenics beginner 🧭 https://nearchos.xyz

First of all - nice article on extremely sensitive and important topic🔥

And here's my question:
- with retroactive rewarding, there's no initial stage. Like if I want to create a public goods product, that eventually creates value and impact and can be rewarded based on that, I need to start somewhere. How do I get the team and resources needed to do that, when the rewarding is retroactive (sorry in advance if that was covered in the article somewhere and I didn't notice it).

@0xrayzen just staked $impact on @abundance's cast.

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