Ben Basche
@basche42
I’m transfixed with the idea of bringing African social savings group models onchain and scaling them to the developed world Social savings groups (chamas In Kenya, stokvels here in ZA, many other names) https://www.google.com/url?q=https://nasasa.co.za/about-stokvels/&sa=U&ved=2ahUKEwiWyI_j-ZWIAxXlWkEAHWOdGagQFnoECBUQAQ&usg=AOvVaw1aW5Sr6Xz-EUeXKbZOQ9rP
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Ben Basche
@basche42
IMO crypto rails, stables, multi sigs and defi all can converge to bring a new type of multiplayer commerce to everyday life Group savings and bulk purchase discounts, solidarity based loans, pooling, for yield, social insurance, local barter currency We are barely scratching surface still
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Ben Basche
@basche42
The way it typically works is members of these groups 10-50 people usually will pool all salaries to one persons meatspace bank account. These will be people in their own web of trust, their own Dunbar proximity They use it to split access to banking services, ensure social security and basic safety net, pool resources and more
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Ben Basche
@basche42
There was a dead project called Chamapesa in the ICO era that I think was just ahead of its time. We have scaled chains now, stablecoin proliferation, even emerging privacy tech The time has come for more complex economic agents than just the individual The hive mind of hive minds, the social economy
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Ben Basche
@basche42
Apes together strong.
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