Clarify economic model behind time credits

[pepae]

We should have a common understanding of what the economic nature is of these time credits/what's the value behind the time credits.

I'm seeing 3 options for now:

1) time credits don't represent anything of value,

Pro's: easiest to do, no conflicts Con's: not super interesting, no incentive

2) time credits represent an implicit claim towards a group/community

Pro's:

• economic value/incentive is there,
• easy to understand

con's:

• how does claiming work, i.e. who of the community will deliver some service, if someone wants to redeem their credits
• trust in the whole community required

3) time credits represent an implicit claim towards 1 person each

Pro's:

• economic value/incentive is there,
• trust is only needed in first degree connections, not towards the whole community

con's:

• more difficult to understand
• maybe 1 more step necessary in on-boarding (although defaults are powerful, we could just add some default credit limit per person to interact with)

@KhalidScrypt @RonMath @andfletcher what do you think?

[KhalidScrypt]

I was having in mind option 2. How to mitigate the con's

- how does claiming work, i.e. who of the community will deliver some service, if someone wants to redeem their credits Redeeming the credits will not be possible. We just need to be clear that it's not a currency but just a way to show how much did you give to the community. What's the benefit then? If you give more to the community you can:

• Have more visibility when requesting a service
• Other citizens might want to help you more if your profile is showing you're giving a lot to the community
• Public administrations and sponsors can incentivize the citizens by providing them services, discounts, taxes reduction...

- trust in the whole community required We might want to start with matching people in small areas (a neighborhood for example) and provide small services (few hours) first. Adding the concept of teams/groups can also help (increase social pressure when you're part of a team) The "time"/"hour" credit will be a kind of reputation scoring... if you have a negative credit people will not want to help you in the future. What I was thinking about also is that people in need (sick, old,...) will not really have a time credit, as these guys need more than what they can provide. A great thing would be to involve sponsors and Public administration earlier in the process... so they can provide "perks" to the users when they give their time to some causes (as mentioned by @Maikegrk , teaching Estonian in Estonia :) )

What do you think?

[andfletcher]

I think for the next two days we should focus on creating 2) but should not rule out that 3) is possible.

This will allow us to build a platform that goes into the direction as described by @KhalidScrypt but still gives us the synergy effect of other projects and individuals that also want to use a time credit network.

Phase 1:

Phase 2: