In this episode Peth interviews Nadia Alvarez, who handles business development with Maker and has seen first-hand the power of crypto. In Latin America, people regularly deal with unstable national currencies. They need ways to store value because of crazy inflation, and DAI has given it to them.
“There are many stories in Argentina and Venezuela, countries with the worst currencies in the region, that when they started to use DAI, their lives changed." They were able to save their money from extreme devaluation & start making plans for the future - we need to tell these stories, because we are building all these amazing solutions, but there isn’t always visibility into the impact for normal people.
Importance of DAI and stablecoins in Latin America
DAI as a crypto gateway
Stepping outside of the crypto space for real adoption
Stablecoin based local currencies
Importance of usability and diversity in language and experience
DAO coordination and MGD grant round success
Latin America is not the only place DAI is being used - in Africa, its being used in an even more interesting way. The Grassroots Economics project is taking it to a whole new level; instead of using DAI directly, they are using it as reserve for their local currency. Whereas previously they had products & services, but not enough money to facilitate the exchange - now they can just mint more, as long as people aren't exiting their economy en-masse.
“It makes sense to make an extra effort to translate the content, the applications - our standard in the crypto space is english, but if you want to get more users, you have to speak their language. If we do this extra effort and translate the content and create more user friendly tools, I think that’s the next step now - to go outside the crypto space and create real adoption.”
Want to start making an impact but don't know where to start? Apply to join MetaGame.
Peth sat down with Luke from 1Hive to see what drives him, exchange knowledge & discuss the points of alignment.
The thing that really pulled Luke into the space was getting to experiment with community run organizations aka DAOs & decentralization in general. This led him to work at Aragon, building DAO infrastructure for a while before starting 1Hive - a decentralized collective of builders - continuing to do just that.
“It’s as much a social thing as it is a technical thing - you can have the same protocol or the same technology, but if you don’t have the social side of things: the culture, the narrative, all of that stuff that really helps coordinate people and gets them to work together, the tech’s not going to get you anywhere. And that’s why Bitcoin is amazing and has this huge community, but all the forks of it are pretty much worthless - you don’t have that cultural history, you don’t have the norms that have built over time coupled with that technology.”
Some of the topics
Intricacies of decentralized organizing, cat-herding, and project management.
Open vs invite only communities
How market cycles and Lambo-dreamers help
Points of decentralization & centralization
Community organization and resiliency
We’re starting to see a lot of these community-first organizations where everything else including investors, comes second. If the trend continues, it would be a really hopeful shift for both crypto and the wider world of startups. Luke & Peth talk about finding the balance between worker & speculator rewards, and more importantly - the sweet spots of decentralization in DAOs.
“I don’t know if you can really go 100% decentralized. But the further you go along the vectors that make a big difference, I think is really critical for these things to actually succeed. The worst thing you can do is have two optimal points and then pick the point in the middle that is suboptimal on every vector.” Because of the way 1Hive is set up, there is higher decentralization at the edges, which allows the system to be resilient even if some swarms emerge or disappear. The barrier to entry to the community is very low which is great for new people, but also challenging because there can be waves of new people that are too large to appropriately onboard and integrate.
Along they exchanged a lot of knowledge in how they are each solving all of these decentralized coordination challenges, and finally, discussed some bridge-building!
So, join us for the 1Hive x MetaGame Meetup! 😱
Lex Node on Decentralization
In this second episode of the Autonomous B, Magenta sits down to chat with Nelson Melina. Nelson comes from the world of fintech & blockchains but is now focused on regenerative villages and how to use these new tools for new governance & business models. Not for-profit, not non-profit, but with-profit!
Looking at the crypto graveyard, it becomes clear that it is not just about creating new things, but understanding what do people actually need. Maybe it’s actually about connecting existing economis, sharing information & creating a network of projects, not building isolated projects. The question then becomes, how can we enhance the existing grassroots projects, the fertile ground for enabling a new world?
“If we start creating this circular economy, money that comes into the economy stays in it, circulates, and creates more value - and that’s how you become a force enough to have an impact on society. [At the same time], if we are to build the world of the 21st century, we definitely need to be people who are working on ourselves, working on our traumas, working on how to relate to each other, working on feeling good in our bodies and clear in our minds, not stressed or cluttered.”
Some of the topics include
Importance of diversity of perspectives in community
With-Profit models and B Corps
Creating value in communities
Augmented Bonding Curves
The importance of self-reflective work
Magenta and Nelson chat about the ways in which we can enable better community collaboration, how to create resilient projects, and new regenerative business models. More and more people are starting to realize there are major gaps in institutional finance that can’t plug into the grassroots and regenerative ways of doing things, which is why crypto is a logical partner to these communities.
Feeling inspired by what you heard? Well reach out to Nelson, Magenta of Bloom Network or us! :)
Transition To A New World by Nelson Melina
Virtual Futures Salon: Beyond Bitcoin with Vinay Gupta
Vinay got his start in software engineering, then spent about half his career in defense and energy policy think tanks working on the big “save the world” questions - food, shelter, pandemics, and all the rest of the worst-case scenario planning stuff. Then he decided to get a “real job” and ended up managing the launch of Ethereum back in 2015. Finally, he went on his way to found Mattereum.
The discussion kicks off around the problem of capitalism with being extractive at one end, and polluting at the other end.
How do we produce higher quality of life on a massively reduced environmental footprint?
The 4 Steps of Capitalism
Investment, Production, Consumption & Waste. The first three have been massively optimized, but we're still lacking good data & incentives to optimize the final step and loop it back into step 1. Which is where Mattereum comes into play, linking physical with digital & creating a data trail feeding back the product performance to producers.
Other than closing Capitalism's feedback loop, Mattereum will make second hand markets orders of magnitude more efficient by tying code with law - the real world kind - and allowing the disputes arising in the digital sphere to be solved through insurance or escalated to real world courts.
Armed with data & enabled by efficient second hand markets, we become custodians of assets rather consumers. Because you now expect to eventually sell the things you buy - you stop consuming things and start investing in things; buying higher quality goods & turning from a consumer to an investor.
Some of the topics
Issues with extractive capitalism
Connecting Ethereum to legacy legal systems
Permanent Investment economies
Social Operating Systems
“Consumption is a thing that we cannot afford in a world with a billion starving people. But investment is how we take what we have and turn it into what we need. Everything that we buy ought to be something that generates wealth not just for us, but also for the world. And if we take this mindset of a permanent investment economy rather than a consumption economy, and if we hate losing money because our goods are degrading and being thrown away - pretty soon we won't be producing or buying "cheap" goods that break.
Vinay and Peth then dig into MetaGame
“I think you’ve done really really good work in terms of identifying this kind of a social operating system. You’ve got materials about values, ways of relating to other people, methodology, there’s all this layer, then there’s an economics layer, and the activities layer. So values, economic incentives, and activities layers - similar problem solving capacity to a conventional corporation, but run very strongly on internal markets and a different set of protocols.
[If you say] you know, we’re building software to support anarcho-syndicalist economic democracies, there aren’t many people you can say that to and have their eyes light up, but that is actually what you’re doing and it’s super impressive, it’s really really good.”
Simple Critical Infrastructure Maps
Mattereum Fix The World Deck
LA Launchpad and the Space Yurt
The Future of Stuff by Vinay Gupta
Note: This is the genesis episode of two wannabe-autonomous podcasts called Autonomous A & Autonomous B. If you want to know what the hell we mean by that, you're going to have to listen through at least the intro. 🙃
Bloom Network is a kind of a real world DAO focused on building regenerative economies.
Unlike currently dominant extractive practices turning everything into profit & externalizing as much cost to the environment and the workers; regenerative economies are a practice of reversing all of that shit & creating systems, structures, ways of working and being that are nourishing and regenerative to our communities & ecosystems.
Bloom Network Local Chapters are dealing with things like food scarcities, creating and sharing resources to support localized production, converting hierarchical organizations into decentralized ones and even helping stabilize the climate.
What is Bloom Network
How awesome Bloom Network is
Real world DAOs & their lessons
Are DAOs a technology or a philosophy?
Bloom Network & MetaGame aligment???
“It’s been really cool to intersect with the Ethereum community who I think thinks similarly on a structural level, and have really been building the tools to handle the finance and organizing that will really be highly applicable to all these kinds of situations, especially when it comes to international collaboration.”
The Bloom Network is going to be launching their mother-DAO & a community token Flower, finally decentralizing their treasury & upgrading their ways of incentivizing local bloom chapters doing awesome stuff.
Minor problem: 99% of these people never interacted with Ethereum or anything like it. 😬
If you want to help them wade through the uncharted intersection of real-world grassroots & DAOs, follow some of the portals below. 👇
Bloom's Governance Whitepaper
The Co-Intelligence Institute (by Bloom's advisor, Atlee - The Elder of Decent. Governance)
Empowering Public Wisdom (one of his awesome book)
Besides being a family man, Kevin is devoted to getting more money into the hands of public good builders.
At Gitcoin, they've been experimenting with the "Capital-constrained Liberal Radicalism" (or ‘CLR’) mechanism for funding public goods. The way it works is that the people vote with money, and then the "public fund" gets allocated to the most beloved public goods. Best part? The ones who receive the most from the matching pot are the ones with the most unique voters, not the ones who just received the most money.
Kevin & peth get into:
The importance of decentralized IDs
Measuring community value
From division of labour & capital and the Matthew effect, to the principles of Bentoism - anything a metagamer cares about.
“What’s cool about crypto is that you can design systems where the returns waterfall is a little bit more equal between the capital and labour, and that balance between capital and labor is something that I’m super-interested in exploring the design space of.”
They also get into the difference between Gitcoin & MetaGame, concluding that they are essentially about the same thing - funding public goods & helping people earn a living - its just that they operate at different layers. While Gitcoin siphons existing money into good hands, MetaGame funds its public goods at the base layer.
In MetaGame, the only way to create tokens is through contributing work or knowledge, so the only way for people to invest monetarily, is to buy Seeds from the people who created them with work - funding past work, not future work.
As we are moving from proof of work to proof of knowledge work, how do we value that work? Is Sourcecred the answer?
Gitcoin & Gitcoin Grants
Experiments With Liberal Radicalism (grant program introduction)
Vitalik's retrospective on Grants Round #7.
“My mission is not about the infrastructure - it’s kind of weird how we focus so much on the chain, and we almost lose sight of what is the point, what are we trying to do, what problems are we trying to solve?”
As always, this episode covers a fairly broad range of subjects. From creating strong, healthy & value-aligned communities to creating value and rewarding value that has often been overlooked, to the power unlocked for the collectives and communities with the ability to create their own money. We went over some Crypto Psyops, forking blockchains & communities, legal wrappers and even Justin Sun! - 🤢
Griff had originally fallen into the Bitcoin rabbit hole through hatred towards banks. Getting disenchanted through Bitcoin staying in a rut, he moved into the Ethereum space through his fascination with novel economic experiments & involvement with The DAO. He has now been deeply involved in the Ethereum space for years, with projects like Giveth and the Commons Stack. Though he's not an Ethereum maximalist, he loves Ethereum for its community.
How does an open source attitude contribute to a welcoming community in Ethereum? What’s all this about public goods? How can we create a strong culture with respectful boundaries while building together? One of the resources Griff recommends is Elinor Ostrom's 8 Principles for Commons Governance - we’ve linked a piece at the end!
We can now create economies around social goods and values that never had a business model. The fact that we can start easily, just copy paste and create an economy, that kind of power has never been held in the people’s hands before. That is what gets Griff out of bed each morning.
“This is what I love about MetaGame too, dude.. all of these economies are just games! Money is points!”
“And each community values its own things, and issues its own currency.”
Come, play the game with us.
The Commons Stack
Elinor Ostrom’s 8 Principles for Managing a Commons
Automating Ostrom for Effective DAO Management by Jeff of Commons Stack
Steemit’s Hive Fork
Is Justin Sun a Psychopath?
Peth talks to the GOAT Ethereum developer, tool builder, and one of the first quadratic freelancers through Gitcoin CLR grants - Austin Griffith. No matter what perspective you take, Austin has a wealth of experience to share on the Ethereum ecosystem and how to effectively onboard new developers into the space. There are certainly holes in the space that need to be filled, and people willing to experiment and build are helping to fill them.
Onboarding Developers to Web3
ScaffoldETH and ETH.BUILD for prototyping
xDAI for fun and… profit?
Austin builds tools ScaffoldETH & ETH.BUILD to empower the builders and help them get to rapidly prototyping ideas. He also spends a lot of onboarding Web2 developers to Web3 through 1on1 sessions where he gives them contextual understanding of developing in Web3 and tries to get them going - what a great man that Austin guy, isn't he?
On getting ideas for new and experimental projects he says: “Sometimes it’s just something that’s fun, sometimes it’s like, what can be the most high leverage, a lot of times, it’s like setting up some kind of combo move.” “I feel that a lot of the inspiration and the stuff that I go after, is just like either those missing holes that we were talking about, or just like: that would be cool, that would be fun to build, let’s do this for the lolz!”
Curious about the possibilities and friction points on the xDAI chain? Austin talks about some of the recent developments on xdai, the risks of frontrunning with sidechains and why bridges between chains help to secure content, and why Metamask isn’t supporting xDAI by default. Ultimately we need lots of options in a decentralized ecosystem - but we also need composability.
Take it from Austin - there are many opportunities to build cool stuff and have a big impact on the ecosystem, and many of the tools he builds will help you get there.
If you're a Web2 developer looking to get into Web3; don't hesitate from contacting us or reaching out to Austin Griffith himself.
Austin Griffith - The legendary Ethereum builder on Twitter.
Scaffold.eth - is everything you need to get started building decentralized applications.
ETH.BUILD - Visually understand how Ethereum works with drag-and-drop programming & Open Source building blocks.
Nifty.ink - draw NFTs on xDAI with the right to mint them on mainnet. Fork to build your own NFT minting dapps.
MetaGame - What this podcast is for.
2020 has seen some monumental changes, and it’s hard to know exactly what ripple effects we will see in many areas of our lives. Trust is breaking down in a fundamental way throughout the world. A balance of global communication or knowledge and local action seems to be needed to address some of the issues we are facing today. Will a breakdown of supply chains fuel a shift to more local economies? Will we be able to create systems that more efficiently allocate resources like food to create a better baseline for community health? How can we create a kind of trust liquidity without using a price-discovery mechanism that destroys its integrity?
Communities can decide on tokens or some other store of value to trade, but there has to be some way of securing the total supply for it to facilitate trade.
How do we create value, and how does value get represented in these economies?
What would it mean to create digital nation states that include a cross-section of life and allow them to decide where value is created and how to distribute it?
How do we engage and become digital missionaries?
One of the key layers is a network of communities - no human can survive alone. We have new tools, and are fashioning a new society with them on top of our legacy ruins. We’re now seeing the effects of an emphasis on wealth accumulation while ignoring the effects of ecological damage. When is the engine going to blow?
If you’re looking for another option, find your non-tribal tribe.
James Young, Drew Harding, Peter Pan & Hammad the MetaDreamer
In this takeover episode, recorded on Juneteenth, we chat personal tokens in Ethereum and their implications against a broader backdrop of slavery, control and the negative aspects of imbuing humans with attributes we reserve for property.
Our guest is Elizabeth Renieris, an entrepreneurial attorney, policy advisor, and strategic consultant passionate about the impact of emerging technologies on privacy, identity, civil society, and collective consciousness.
Our conversation tackles the more malign areas of experimentation and the imperative need for broader diversity in perspectives and view points if we want to continue progressing vs regressing.
We ran out of time quickly so let me know if you'd be up for the sequel.
Today we welcome Decentralion from SourceCred to MetaView. The TL:DR on SourceCred = A new way for people to organize economically. One that isn't based on upfront transactions. Somewhere in between having a sleepover with Vitalk and losing millions of dollars (one of those private key stories, yikes!), they started working at Google and learned all about the pagerank algorithm, which inspired the idea of building a reputation platform.
Offered support to build it inside Google, they saw how a global trust network owned by a corporation could quickly become some sort of black mirror dystopian nightmare. So they thought: “We could instead launch as a neutral open source crypto protocol and deploy it towards the very specific task of enabling crypto communities and DAOs to be able to reward their contributor”, and soon, it was bye bye Google and hello crypto!
Finding amazing allies such as William Chagrin to hack together the new paradigm and LB who helped craft the community into a place that welcomed people by encouraging organic growth over hiring. With initial and ongoing funding from friends at Protocol Labs, the SourceCred team counts themselves lucky to have taken zero VC money to this day and continues issuing it’s Grain token directly to the contributors of the project instead of selling equity to investors like most start-ups.
Overall, in this episode you'll hear:
What is SourceCred, how it came to be, the ups & downs
Why is it more important to stick to your principles than just making a lot of money
How SourceCred can be used to decentrally power the global open-source commons
About the overlaps & alignments of investors & builders
How speculative manias fuel technological progress
The future of getting a job
A bunch more interesting things
Technological Revolutions & Financial Capital by Carlota Perez
Want to get involved with SourceCred? Through here.
Join the SourceCred x MetaGame meetup on Monday 8pm, get the calendar invite.
Taking a walk with Niran Babalola, the founder of Panvala https://panvala.com, telling us about his passion of organizing civic life in cyberspace through initiatives like DAO Rush Week https://daorushweek.com.
He shares insights and wisdom from his journey exploring ways of organizing and the historical evolution of communities. He shows how empowering individuals with technology could lead humanity to a golden era of productivity and greater value distribution. An age of self-organizing, solving & owning our problems & solutions rather than depending on governments and big corporations to do it for us.
Lane Rettig joins us to discuss what drew him into the Ethereum ecosystem and what keeps him here.
Talks about big companies becoming public utilities, goes through aligning of incentives, tokenization of assets, and exiting to the community vs to VCs.
Continues by discussing DAOs, values of the community, experimentation and a bunch of other things.
Why are you still reading this?
Just listen to it :)
From diskettes to Dapps, TJ has seen it all. Our discussion at ETHdenver 2020 begins scratching the surface of what's possible with Web3 and how to avoid the same catastrophes the web2 movement has fallen victim to.