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dyokomizo / blag

Ideas need a home and ~/ is here.
https://daniel.yokomizo.org
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Portfolio All the Assets! #3

Open dyokomizo opened 4 years ago

dyokomizo commented 4 years ago

Let's say I want to create DAO that:

  1. Keeps a balanced cryptocurrency portfolio.
  2. Keeps track of its valuation wrt to a benchmark (e.g. USD and US inflation).
  3. Pays dividends (e.g. exchanges part of the portfolio into ETH and transfers that a predefined set of accounts).

I can think of several use cases for this tool.

Cornucopia is a possible good name for this concept.

Benefits (whatever is written below about donation also has a corresponding effect in strict investment):

  1. Creates a compounding force for optimization.
  2. Decouples the donation in two parts: giving and receiving. Particularly if it has a delay (e.g. a period before the first dividends are paid). People can donate infrequently but get a constant stream of warm fuzzies as they get monthly/yearly receipts of their impact.
  3. It allows people to coordinate through money. If the contributors are public it can help to build social status.
  4. For a specific donation scenario, around 913 people die from hunger every day. This gives us around 333 thousand people in need of food per year. By rough rice contract prices we can buy around 150kg of rice for $42 today. 150kg of rice is roughly equivalent to 1,500kcal per day for a year, so 200kg would cost $56. Assuming the portfolio can average 3% above inflation per year, every $1,867 in the fund would be enough to feed one person forever from the dividends, $622 million is enough to end death by hunger.

Legend says the solution is Aragon with Open Enterprise template. GitHub repo.

Incidentally:

flancian commented 3 years ago

This is pretty much what I had in mind with [[universal basic income]] + [[dao]].

I'm unsure if [[dao]] is needed, though. Perhaps [[agora]] is enough, with fund administration being community-driven and fully transparent (in an open ledger).

dyokomizo commented 3 years ago

It's time for a people-powered, decentralised global #basicincome. Join the world's biggest basic income experiment, built on #blockchain.

-- @gooddollarorg

dyokomizo commented 3 years ago

Here's how flatcoins are the ultimate unlock. An asset that could maintain price flatness across a basket of goods would make the cryptoeconomy independent of all legacy states.

-- Balaji Srinivasan

dyokomizo commented 3 years ago

There are many methods to pool forecasts. The most commonly used is the arithmetic mean of probabilities. However, there are empirical and theoretical reasons to prefer the geometric mean of the odds instead. This is particularly important when some of the predictions have extreme values. Therefore, I recommend defaulting to the geometric mean of odds to aggregate probabilities.

When pooling forecasts, use the geometric mean of odds