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

Why would people keep contributing after they've 'won'

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

solidity & product & art. weekly crypto dev interviews @ web3galaxybrain.com. follow zora.co/nicholas

ah i see so it would still depend upon trust relationships, just do the accounting onchain. makes sense to improve the rails

It’s fundamentally based on actual webs of real trust coordinated right now over rudimentary things like shared bank accounts and WhatsApp groups and pens and paper. Latent new economic arrangements for daily life and social reproduction  waiting to be given a more ergonomic form factor to inhabit

These are much more than lotteries. These are people’s entire social life and economic lives packaged into one. Their entire community is like one social economic organism that looks out for the pack, pools resources, provides social safety net