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5 Dec 2018
11:51:22@sepu85:matrix.orgGustavo that's awsome you are part of Arts Rwuenty thirty! Connecting Cultures is part of it as well..
11:53:35@sepu85:matrix.orgGustavo anyhow, I'm meeting the team tomorrow, and I'll be explaining them about Giveth and who you guys are :) maybe we can organize a joint call next week, or the week after so you can join us as well @danibelle:matrix.org ??
20:02:49@lightnode93:matrix.orglightnode93 joined the room.
20:02:53@giveth-bot:matrix.orgGiveth Bot

Welcome @lightnode93:matrix.org to the Communities room! Feel free to introduce yourself or ask any question! If you want to be or help us build one of the first Communities (DACs) or Campaigns on the DApp, please introduce yourself here and take a minute to fill out the form I just sent you!

20:24:12@danibelle:matrix.orgdanibelle Hey lightnode93 - thanks for joining! I see you covered all the main channels πŸ˜€ Let us know what interests you, where you are looking to contribute, and how Giveth can be of service to you too!
20:28:45@lightnode93:matrix.orglightnode93 Thanks danibelle, I have been a longtime fan of Giveth so just trying to catch up on all the recent news and developments, and get more familiar with Riot. I've been the Community Manager at SpankChain since early this year, and right now what interests me is bridging all the different projects in the Ethereum and adjacent crypto spaces so I can help to shine a light on what's happening, what's possible, and to continue to educate in new, fun and exciting ways. πŸ˜„
20:29:58@danibelle:matrix.orgdanibelleoh, ha hey! We probably met at DevCon. Did you end the conference with hair that matches the text color above?
20:30:15@lightnode93:matrix.orglightnode93lol
20:30:28@lightnode93:matrix.orglightnode93I didn't make it to DevCon this year 😭
20:30:57@lightnode93:matrix.orglightnode93I was ready and committed to dying my hair, but had to stay back as it was a busy time for the fam
20:31:16@danibelle:matrix.orgdanibelleawww. well we got to meet some of your team there πŸ˜† We are here building bridges too - happy to meet you in the middle!
20:31:28@lightnode93:matrix.orglightnode93same, good to be here!
7 Dec 2018
15:01:05@mroberts10:matrix.orgmroberts10
In reply to @abram.symons:matrix.org

this might connect to a kinda Kiva lending model for causes but arguably more innovative.

Interesting idea if there would be Ether holders who want to
guarantee the repayment of loans.

Abram: Not sure if you have come across this one - https://ethichub.com/ They are offering low interest loans to farmers. Imagine now a scenario a bit like Kiva, where you get individuals to front the collatoral, then offer zero interest loans. Of course the individual is now taking on risk, so you would need to mitigate the risk somehow. Perhaps it would be calculated that x percent of loans fail, and one would need a reserve. thus you could maybe do something then that a donor put in a 10% donation and a 90% collaboral loan. the 10% goes into the reserve to support failed loans that never get paid back and 90% supports the vast majority of loans that do. Thus the donors contribution gets leveraged.. anyhow just brainstorming..
8 Dec 2018
02:53:03@blakec:matrix.orgblakec set a profile picture.
06:28:51@abram.symons:matrix.orgabram.symons
In reply to @mroberts10:matrix.org
Abram: Not sure if you have come across this one - https://ethichub.com/ They are offering low interest loans to farmers. Imagine now a scenario a bit like Kiva, where you get individuals to front the collatoral, then offer zero interest loans. Of course the individual is now taking on risk, so you would need to mitigate the risk somehow. Perhaps it would be calculated that x percent of loans fail, and one would need a reserve. thus you could maybe do something then that a donor put in a 10% donation and a 90% collaboral loan. the 10% goes into the reserve to support failed loans that never get paid back and 90% supports the vast majority of loans that do. Thus the donors contribution gets leveraged.. anyhow just brainstorming..
Hey michael,
such systems can easily implemented as a layer on top of Ether Bank.
.
a company can be founded that uses Ether Bank to provide loans for farmers even with zero interest.
.
Such company needs three things: a. a trusted network of farmers with a low default rake in their loans b. investors who are trust the company and are willing to lock their ETH as collateral. c. Donors who are willing to compensate for the default rate.
.
06:34:49@abram.symons:matrix.orgabram.symons

there are two points here.
.

  1. the system can be non zero-interest and have a minimum amount to pay the investors
    .
  2. this is just a company founded on top of Ether Bank and to implement such company there's no need to change anything in Ether Bank's smart contract. Ether Bank should remain a riskless (minimum risk)
    By company I mean it literary needs to negotiate with 3 parties. and needs to find actual trustworthy farmers in real life. Such company is not a smart contract. it can use a smart contract to produce and transfer money. It can not prevent default risk though.
11:02:23@sepu85:matrix.orgGustavo
In reply to @danibelle:matrix.org

Also sepu85 - I see this on the connectingcultures website:
"We were not always an independent organization. CONECTANDO CULTURAS was born as a project within UNSA SPAIN (United Nations Student Association Spain) although due to the success achieved we decided to transform it into an independent organization - although we will always be united-.

On the other hand, we have been chosen to be part of the ARTSTWENTYTHIRY project of the United Nations for our work in raising awareness and applying the Sustainable Development Goals."

I love hearing stories of projects that are seeded as a student initiative, and this relationship is intriguing, with the United Nations Student Association of Spain. Were you part of the transition to independence for the team?

hi @danibelle:matrix.org , let me attach this dossier ehich includes more updated info about Connecting Cultures
11:07:22@sepu85:matrix.orgGustavoCC.pdf
CC.pdf
m.file
11:07:22@sepu85:matrix.orgGustavowe have discussed this week about the different uses that we could be implementing with blockchain, and we will be focusing mainly on a Connecting Cultures DAC design, do you think we can arrange a meeting soon so we can spot specific opportunities for collaboration?
11:19:58@sepu85:matrix.orgGustavo set a profile picture.
11:49:55@sepu85:matrix.orgGustavo changed their display name from sepu85 to Gustavo.
22:42:25@mroberts10:matrix.orgmroberts10
In reply to @abram.symons:matrix.org
Hey michael,
such systems can easily implemented as a layer on top of Ether Bank.
.
a company can be founded that uses Ether Bank to provide loans for farmers even with zero interest.
.
Such company needs three things: a. a trusted network of farmers with a low default rake in their loans b. investors who are trust the company and are willing to lock their ETH as collateral. c. Donors who are willing to compensate for the default rate.
.
Thats really interesting and fantastic that you see the platform as a place where people can build a layer on top of the platform. How do you see coordinating with existing models like micro-finance networks? Do you see a value in coordinating with them, or instead defining new networks. I'm quite neutral here as I see positives to learning from past models and mistakes, but also positives in defining a whole new approach.
22:43:38@mroberts10:matrix.orgmroberts10Here's a very interesting artist community moving to the blockchain for interest: "We are a community of artists, curators and other cultural workers in Athens Greece, working on establishing a collective, democratic and fair cultural economy since 2015. As C.A.S.A., we have organised many exhibitions, festivals and events, aand have participated and collaborated in in others, that have provided an important platform for this generation of artists, both in Greece and abroad (Tokyo, Germany). You can see our of our work here: http://www.contemporaryartshowcaseathens.com/ https://www.youtube.com/channel/UCbWGDjMRIoSEO6zenj-2ocQ At the moment we are developing an experiment in applying crypto-economics and crypto-primitives to solve problems when starting, maintaining, and growing communities of cultural workers, defending culture's role one of the many β€œcommons” that make up a free and democratic society: a society of free speech and free exchange. We are currently preparing a white paper describing this project, the Trojan Foundation, with Trojans being the native community currency. The Trojan Foundation is a cultural intervention that envisions a new form of cultural institution that can be transparent and accountable in all of its functions, and governed democratically. Its goal is to bootstrap and sustain a decentralized network run by the community and contributors β€” one in which the value of participation could be redistributed back to those who created it in the first place and on their own terms, as a field-specific model of redistribution.
10 Dec 2018
06:34:58@paslar:matrix.orgpaslar

Hey mroberts10 .
I think Ether Bank cannot be a good microfinance system because its loans are not only fully collateralized but also over-collateralized. Therefore it can be beneficial to two groups:
.

  1. Those who HODl ETH and intend to do their business without selling their assets. This group is the main audience of the loans.
    .
  2. Those unbanked individuals who do not have access to banks and banks' money but want a stable crypto-currency without any risk.
    .
    However, in Ideal Money we have plans for Micro-Credit systems too. As you know Ether Bank is but one of the projects there.
    .
    If you consider Ether Bank as a reserve bank of Ethereum, then, we can create something similar to fractional reserve bank. we can have a smart contract that creates stable credit without asking for collateral. Instead of collateral, we can ensure paybacks but defining networks of people who vouch for each other.
    .
    That would be an ideal micro-finance system in which those who don't have any ETH to put as collateral can receive zero-interest loans based on the network of friends that vouch for them.
11 Dec 2018
01:42:37@kmontenegro:matrix.orgken montenegro joined the room.
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12 Dec 2018
15:33:02@krrisis:matrix.orgkrrisis And the CryptoXMas Initiative is live on MainNet, very welcome to support this by liking, retweeting, upvoting, creating new NFTs and ofc sending them to your friends as a Christmas Card!

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