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Valuable Exchange: Designing an Open Transaction Economy #2

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katiejohnson opened this issue Jun 17, 2019 · 15 comments

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@katiejohnson
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commented Jun 17, 2019

The rules of our economy were written for a different century. Individuals have gained access to move money easily within their own country, due to federal laws and national banks. Additionally, communities are becoming more global and inter-continental transactions continue to increase.

And yet, individuals are significantly penalized for the cost of transacting globally. Consumers will pay $30 billion in fees just this year to process transactions, which will be pocketed by intermediaries like banks and governments. The unbanked are unable to conduct transactions due to a lack of credit score, and countries with high inflation currencies will be trapped utilizing a worthless asset.

Crucially, blockchain technology is uniquely positioned to create a more open, more equitable, and more effective banking and financial infrastructure as people, goods, and currency move throughout the world. We are looking for entrepreneurs and builders to design these new protocols and financial instruments for global financial activity. We leave it to you to design the new conditions for global financial activity, and offer the following provocations as a place to get started:

  • How might we design custom financial solutions for individuals
    transacting in a global market?

    • Examples: Only charging transaction fees for transfers between people that don’t know each other on the platform and a higher burden of proof for platform “Friendship,” creating a complete picture of someone’s financial history that considers all transactions including paid and requested transactions, allowing transactions for unbanked or populations without government-issued identities.
  • How might we reinvent the definition and evaluation of financial risk?

    • Examples: Gamifying assessment of risk tolerance, humanizing the process of smaller sized financial risks under a certain dollar threshold, leveraging a combo of local experiences and ever-present technology to make educated bets around financial risk.
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commented Jun 21, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


This issue now has a funding of 24.0 ETH (6939.25 USD @ $289.14/ETH) attached to it as part of the https://github.com/ConsenSys fund.

@zherring

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commented Jun 22, 2019

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commented Jun 26, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work has been started.

These users each claimed they can complete the work by 3 weeks, 4 days from now.
Please review their action plans below:

1) diegotorreslopez81 has started work.

I'm going to start analyzing the solutions for the main two questions. I think Libra project has part of the solution, but, very important but, we should do it with different partners and keeping user privacy.
My main question here is, what should be the output of that issue? a document answering these two questions? It is not clear for me.

Thanks!

Learn more on the Gitcoin Issue Details page.

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commented Jun 26, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work has been started.

These users each claimed they can complete the work by 3 weeks, 4 days from now.
Please review their action plans below:

1) diegotorreslopez81 has started work.

I'm going to start analyzing the solutions for the main two questions. I think Libra project has part of the solution, but, very important but, we should do it with different partners and keeping user privacy.
My main question here is, what should be the output of that issue? a document answering these two questions? It is not clear for me.

Thanks!
2) diegotorreslopez81 has started work.

I'm going to start analyzing the solutions for the main two questions. I think Libra project has part of the solution, but, very important but, we should do it with different partners and keeping user privacy.
My main question here is, what should be the output of that issue? a document answering these two questions? It is not clear for me.

Thanks!

Learn more on the Gitcoin Issue Details page.

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commented Jun 26, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work has been started.

These users each claimed they can complete the work by 2 days, 22 hours from now.
Please review their action plans below:

1) diegotorreslopez81 has started work.

I'm going to start analyzing the solutions for the main two questions. I think Libra project has part of the solution, but, very important but, we should do it with different partners and keeping user privacy.
My main question here is, what should be the output of that issue? a document answering these two questions? It is not clear for me.

Thanks!
2) diegotorreslopez81 has started work.

I'm going to start analyzing the solutions for the main two questions. I think Libra project has part of the solution, but, very important but, we should do it with different partners and keeping user privacy.
My main question here is, what should be the output of that issue? a document answering these two questions? It is not clear for me.

Thanks!
3) ktimam has started work.

Develop mobile POS to help tourists pay using crypto in underdeveloped countries where there is no access to POS, while enabling sellers to settle in local currency (even in cash) thus not requiring them to have any crypto knowledge.
4) bugduino has started work.

We are currently working on this gitcoinco/beyondblockchainteams#12
5) ugolino has started work.

  • Defining different solutions to the problem
  • Collect SMEs feedbacks to test the ideas
  • Build a prototype based on SMEs feedbacks
  • Validate the prototype
    6) phraktle has started work.

Build UI components and an Ethereum smart contract that supports donation matching. A charity (and others) should be able to easily embed this as a widget into their sites.
7) brianspha has started work.

Constantly updating the status of the development process
8) xiitoxaiix has started work.

I NEED SOME $$$$ FOR MY MOM...
9) craze3 has started work.

In the spirit of designing an open transaction economy + leveraging technology to make educated bets about financial risk, I am creating a service that can scan blockchain wallet addresses (starting with Ethereum) and return information about the risk associated with the user/address. There is a list of 2,000+ ETH addresses on etherscamdb.info that is constantly updated. I plan to use that to determine if a specified Ethereum wallet address has been an accomplice to phishing, theft, or other scams.
10) xvettex has started work.

Offchain payment protocol built top of ethereum.
11) crisgarner has started work.

We are building an ICO (Initial Coffee Offering) where coffee farmers can exchange their coffee production for Affogato tokens that can be swapped for assets in decentralized exchanges (like Uniswap).
12) owans has started work.

Submitting a PR for the ConsenSys Open Transaction economy labs relay

Learn more on the Gitcoin Issue Details page.

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commented Jul 10, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work for 24.0 ETH (6872.84 USD @ $286.37/ETH) has been submitted by:

  1. @phraktle
  2. @ugolino
  3. @bugduino
  4. @ktimam
  5. @craze3
  6. @owans
  7. @crisgarner

@katiejohnson please take a look at the submitted work:


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commented Jul 18, 2019

⚡️ A tip worth 6.00000 ETH (1348.77 USD @ $224.79/ETH) has been granted to @crisgarner for this issue from @katiejohnson. ⚡️

Nice work @crisgarner! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

⚡️ A tip worth 6.00000 ETH (1348.77 USD @ $224.79/ETH) has been granted to @bobbylicious for this issue from @katiejohnson. ⚡️

Nice work @bobbylicious! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

⚡️ A tip worth 6.00000 ETH (1348.77 USD @ $224.79/ETH) has been granted to @Struka9 for this issue from @katiejohnson. ⚡️

Nice work @Struka9! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

⚡️ A tip worth 6.00000 ETH (1348.77 USD @ $224.79/ETH) has been granted to @jdestephen for this issue from @katiejohnson. ⚡️

Nice work @jdestephen! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


This Bounty has been completed.

Additional Tips for this Bounty:

  • katiejohnson tipped 6.0000 ETH worth 1348.77 USD to jdestephen.
  • katiejohnson tipped 6.0000 ETH worth 1348.77 USD to struka9.
  • katiejohnson tipped 6.0000 ETH worth 1348.77 USD to bobbylicious.
  • katiejohnson tipped 6.0000 ETH worth 1348.77 USD to crisgarner.

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commented Jul 18, 2019

⚡️ A tip worth 3.60000 ETH (809.26 USD @ $224.79/ETH) has been granted to @bugduino for this issue from @katiejohnson. ⚡️

The sender had the following public comments:

Congrats on winning 2nd prize in the Beyond Blockchain hackathon!

Nice work @bugduino! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

⚡️ A tip worth 2.40000 ETH (539.51 USD @ $224.79/ETH) has been granted to @lucaguglielmi for this issue from @katiejohnson. ⚡️

The sender had the following public comments:

Congrats on winning 2nd prize in the Beyond Blockchain hackathon!

Nice work @lucaguglielmi! Your tip has automatically been deposited in the ETH address we have on file.

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commented Jul 18, 2019

⚡️ A tip worth 2.40000 ETH (539.51 USD @ $224.79/ETH) has been granted to @samster91 for this issue from @katiejohnson. ⚡️

The sender had the following public comments:

Congrats on taking 2nd place in the Beyond Blockchain hackathon!

Nice work @samster91! To redeem your tip, login to Gitcoin at https://gitcoin.co/explorer and select 'Claim Tip' from dropdown menu in the top right, or check your email for a link to the tip redemption page.

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commented Jul 18, 2019

⚡️ A tip worth 3.60000 ETH (809.26 USD @ $224.79/ETH) has been granted to @panteo92 for this issue from @katiejohnson. ⚡️

The sender had the following public comments:

Congrats on taking 2nd place in the Beyond Blockchain hackathon!

Nice work @panteo92! To redeem your tip, login to Gitcoin at https://gitcoin.co/explorer and select 'Claim Tip' from dropdown menu in the top right, or check your email for a link to the tip redemption page.

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