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Open and collaborative ticket board to suggest and improve MyResonance (https://myresonance.io) platform.
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Open evaluation of the social value of a MyResonance token #19

Open SchalkCloete opened 3 years ago

SchalkCloete commented 3 years ago

Following the global floating valuation of tokens described in ticket #18, the next important step is to determine a credible social value of each token. The social value of each token will always be much greater than the monetary value determined by donations, allowing donors to greatly multiply the social good of their donations - the main value proposition of MyResonance.

Precisely quantifying this social value is impossible, however, and a reasonable estimate based on credible sources is the best we can do. This requires an open and user-friendly presentation of the current draft of the "Social Value of Efficient Living model" so that anyone can suggest modifications based on credible sources. Once this model has reached a reasonable level of maturity, it can be used to accurately set the number of tokens earned by each activity and the social value of each token.

Once this is done, each donor will be able to see a credible number for the full social value created by their donations, offering a clear quantification of how much MyResonance has augmented the value of their original donation.

blamarque commented 3 years ago

Thanks for opening this ticket:

More food for thoughts https://www.theguardian.com/environment/2021/jan/28/how-much-is-an-elephant-worth-meet-the-ecologists-doing-the-sums-aoe?CMP=twt_a-environment_b-gdneco :)

Would you agree to share the model?

SchalkCloete commented 3 years ago

Sure, the model can be shared freely!

Haha... Yes, if we start putting prices on elephants and whales, it could be a step too far. But I think we should be able to reach some kind of agreement by putting prices on CO2 and empty calories :-)