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)

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

Husband, dada, devil’s advocate in crypto. Previously @rainbow

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

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

This kind of collective economic agency, collective fiduciary amongst high trust webs of people is the kind of thing that can re shape economies, supply chains, entire political economies, just as much as DePIN or DeFi alone

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