Chapter
Using Coins to Incentivize Public Goods
1:34:13 - 1:40:15 (06:02)
The idea of creating coins associated with public goods can be used to incentivize investment in organizations that fund meaningful studies or projects. This can be done through reputation or by using quadratic funding with tokens and investments.
Clips
A new way to fund scientific research is to set up an organization where smart people, who do a good job of selecting scientists that are worth funding, issue coins associated with a public good.
1:34:13 - 1:37:55 (03:42)
Summary
A new way to fund scientific research is to set up an organization where smart people, who do a good job of selecting scientists that are worth funding, issue coins associated with a public good. This enables people to contribute via quadratic funding, and the organization can leverage its reputation to fund valuable research.
ChapterUsing Coins to Incentivize Public Goods
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
This podcast talks about the two ways of determining the value of a project; retrospectively, based on reputation, or prospectively through a combination of quadratic funding with tokens and investments, along with the existing, poorly implemented version of federal campaign financing.
1:37:55 - 1:40:15 (02:20)
Summary
This podcast talks about the two ways of determining the value of a project; retrospectively, based on reputation, or prospectively through a combination of quadratic funding with tokens and investments, along with the existing, poorly implemented version of federal campaign financing.