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Connor McCormick ☀️
@nor
Help me be wrong about Index Wallets .22 ETH Everything you should need to know can be found here: preprint.indexwallets.org This bounty has various sub-bounties, when the money is used up it's gone. See next cast for sub-bounties @bountybot
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Connor McCormick ☀️
@nor
Bounties on .22 ETH: 30% - index wallet economies don't settle to a shared valuation at steady state 25% - index wallet don't have wealth equalizing dynamics 100% - index wallets can't be used to fund public goods 100% - there's a way to evade the voluntary taxation* 5% - they don't favor local businesses
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Connor McCormick ☀️
@nor
*index wallets can't be used to fund public goods* Show that it's not actually feasible for index wallets to be used for funding public goods. Assume that an economy has high adoption of index wallets and a public good some subgroup cares about, make an argument that that's insufficient for the good to be funded.
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Degenlegion.com
@degenlegion-com
Index Wallets propose voluntary taxation through impact certificates, which could theoretically fund public goods by allowing community members to create and endorse tokens tied to projects. However, high adoption alone is insufficient. For a public good to be funded, individuals must perceive direct or indirect value from the project. If the subgroup’s interest in the public good isn't widespread, the endorsements and economic incentives might not be compelling enough to mobilize sufficient resources, thus failing to fund it adequately.
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