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📢GITCOIN RADIO #GitcoinBeta Community
Recorded: April 29, 2023 Duration: 1:03:39Space Recording
Full Transcription
Can you hear me, guys?
Give me a sign.
I can hear you, man.
Yeah, I had no idea you can be in two spaces at once in the same account.
Yes, you can.
But I must warn you that Twitter is a very temperamental beast.
And sometimes, you know, yeah, so you know, sometimes you get messed up in both the spaces.
So yeah.
Yeah, yeah, fair enough.
All right.
So to be done, you know, so to be done, you know, we got Sunny up here.
We got Sunny up here.
We got the Shamba team.
And everybody, I want you to retweet the room for us, I want you to retweet the room for us.
I want you to retweet the room for us.
Okay, I'm going to retweet the room for us.
Okay, I'm also going to retweet from the Jimmy page.
Let's see here.
Fair enough.
Tell us, tell us about Refi by South because I know you're doing some cool things.
Obviously, growing the Refi movement in the global south is super important.
We've got a region from Turkey, we've got a region from Kenya, we've got a region from
Uganda right here, Refi by South, all of these different communities.
So tell us a little bit about your vision.
Thanks, Jimmy.
Thanks for that.
You know, before we go to the vision, I just want to go back to the origin of Refi by South.
And that is essentially about having conversations in local languages around Refi in the
specific areas.
So it's all about contextualization, because for the longest time, there's been this huge
number of people doing amazing work, but just missing out on all of these awesome conversations
and not being able to part, be part of this, you know, global network states for the want
of a better word.
So that's where it started, started off as a series of Twitter spaces, pivoted to enabling
ambassadors to host their own Twitter spaces in their own countries, on their own handles,
in their own languages.
We did a bunch of those across Kenya, across Nairobi, across Singapore, and of course, in
India.
And now we are pivoting around to a more focused approach to be working with businesses, Web2
businesses primarily, or businesses in the impact space who are looking to put a Web3
wrapper, who are looking to monetize their impact, who are looking to understand, okay,
how can we really leverage the tech for decentralization, for collaboration at scale, and most importantly,
for governance, because I think that, to me, is the most attractive part of this technology,
the governance aspect of it, the ability to really put power in the hands of the people
at the front lines of climate action, you know, people who are actually doing the project.
You know, for example, you know, just to contextualize, Jimmy, if you're doing a mangrove project in
India, right, imagine if you were to be giving governance tokens to all the people who are part
of the project who are actually doing that work. And they could actually decide, you know, what
happens with all of that impact data that goes on chain, you know, is it sold to somebody at
what price? Do they want to do, you know, what do they want to do with that? Right? So that aspect
is what really excites me. That's my vision. And of course, can't do it alone. It's going to be
done with a bunch of folks all collaborating. I mean, we're all building pieces of the puzzle.
It's all going to come together as a symphony to really make its work or make its impact.
So yeah, absolutely. Sweet symphony. Absolutely. It all does have to come together. And that's such
a great idea. Having the local communities who's impacted or is involved in the regenerative work,
have a governance token in maybe a sustainability pool of how we could invest certain funds to ensure
sustainability of those trees or, you know, just some of the, some of the revenues that's come
through putting that towards a governance token or maybe of the, or are you envisioning this of like
of the entire global organization? So they get to kind of shift certain policy of how the whole thing
is, is it works at multiple levels, right? So for example, if you're doing a project in India,
in that local space, there could be a governance token. So, you know, once you have these data points
on chain, the impact data on chain, let's just say that you're creating carbon credits,
let's just go with that, right? So now you've created carbon credits. Now these people who
have these governance tokens who are actually generating these carbon credits have a choice.
They could potentially say, you know what, let's just immediately sell off these tokens,
these carbon credits, right? Because we really need the money. On the other hand, they could say,
you know what, we're not really interested to just pump up the market and just, you know, get the
money. We really want to put this into a liquidity pool across mangrove projects, which are all along
the coastline, right? So, so then you start talking about liquidity pools. You start talking about
creating more finance structures on top of those liquidity pools. You know, say there's a new
project coming up. They don't have money right now, but there's a liquidity pool that they could
potentially take a loan from and monetize that, get some initial money to really put together the project,
launch it, and then pay back to the liquidity pool. So now suddenly you're talking about
building financing structures on top of liquidity pools, which are essentially carbon credits or
impact data points generated by these very people. And since these are like local projects,
right, they would have this desire and this knowledge to take that risk on other projects
in that area, right? So there's a whole, you know, an ecosystem that we can literally build out there
because we all are so focused on just doing the carbon credit on chain. Let's just sell it off
marketplace, right? We let a lot of other people make money off it in terms of the financing models
that are possible on it. So that's, that's just a thought, right? And it's a natural progression.
We don't have to do this on days one of the project, right? As we set up the first mangrove project,
these possibilities then arise. These are also the options that are available to all the people
who are part of the mangrove project. Yeah.
That is amazing. I love it. No, that makes a lot of sense. The more involvement, the better. And we
can really have people feel like they're a part of it. They're not just being like a, like a pawn in a
chess game. They're actually like a member of an organization. And that's what some of these tools
are, are, are really impactful for. So, but you know, onboarding into web three, um, you know,
in, in certain places where maybe not everyone has a smartphone, there are a lot of people who do
have smartphones in developing countries, maybe even in remote areas, but there's also a significant
population. I know, for example, some of the people that we've hired to plant trees who don't have
smartphones. So I think that Cello has actually built, or someone has built on top of Cello to have
a kind of like M-Pesa, for example, to Cello, um, just through USSD. So just through this, um,
this, uh, non-smartphone app, basically through the SIM card, you can, you can have a back and forth
there. Um, but, uh, but maybe, I don't, I don't think that really exists for other cryptocurrencies at
this stage. So how, how do you think we could onboard or at least introduce some of these concepts
of governance, maybe for those who don't have smartphones, or do you think that smartphones are just
going to be like the, the first step that the need to happen to, towards onboarding?
Uh, great point, Jimmy. Absolutely. Right. So smartphones are definitely a barrier to entry,
but that being said, this barrier to entry is being lowered all the time. So for example,
and, and, you know, these are like, there are nuances to what you said. So there is like two
problems. The first problem is access to a smartphone, right? In terms of, do they really
have one? That's the first challenge that we got to overcome. And then the next challenge,
which is, okay, they have the smartphone, but they, can they really onboard Web3? Can we help
them do it? Do they really understand a wallet, right? The keys and, you know, the fact that this
is like money, right? So, so these two nuances. So the first one, I think the problem is solving
itself. It's like, for example, in India, uh, we have smartphones, which are like absolutely,
uh, you know, going to the first mile, as I like to call it, at least in the urban centers,
everybody has smartphones, right? India is one of the largest consumers of data has one of the lowest
and cheapest data rates in the world right now. Uh, so I think that problem is solving itself,
right? Uh, that's also because the governments are really behind that. They really want the,
the mobile phone to be this gateway for everybody to onboard formal ecosystems, right? Because once
you're on your phone, you have a digital identity, you can be taxed, you can be tracked,
you can be identified, which is all, all government wants. So, you know, that's going to happen.
The second nuance, which is, okay, how do we really onboard people onto Web3? Now that's a,
I think probably more tougher one, but I got an amazing example that I want to share with you
out here. This is a project which is being done by AWS in one of the interior parts of Maharashtra.
That's what I state. That's the state in Maharashtra, where there's a project being done to marry,
to bring together the Aadhaar stack or the India stack, which is like, you know,
a bunch of technologies which enable digitalization in India. We've, they're working to marry that
with blockchain. And why do they want to do that? Well, in India, we have this, uh, facility called
direct benefit transfer. The government has lots of schemes for people who are below the power to
poverty line, just around the poverty line, uh, and who need help, who need, for example, subsidies,
or who need, like, you know, benefits, which the government is giving out to them.
But all of these benefits happen once the government has identified them properly, which is using the
India stack. That being said, each time these people go to get these benefits, they have to do a KYC,
right? They have to identify themselves as, yes, we are who we say we are, which is like a huge friction
point. So the idea is that could there be a digital identity linked to the mobile phone
of all of these people so that they don't have to do this KYC again and again, right? And that's
a pilot project, which is being done in Maharashtra. And again, on, in this particular pilot project,
it doesn't really matter, right? Whether these people, they know how to navigate web three.
So far as they are concerned, it's like an account abstraction. They are essentially,
you know, just being enabled to avoid KYC. They are being enabled to onboard web three without
them being really knowing it. So I think that's, that's the possibility. And frankly,
with account abstraction, with all of these new wallets, Selo being one of them, we don't need
people to really learn web three, the language and all of that stuff. Of course, they need to
understand the security aspect of it. They are, they need to understand, you know, how they could
be hurt if they don't follow the proper steps, take the proper precautions. But I think that's the
way forward. There's just a huge opportunity in terms of digital IDs for people. The, you know,
the, the banking charges that can be cut off, the convenience that can be had. You know, most of
the times we all think of, you know, carbon credits or, or any such impact data points, just coming up
chain, selling them, money being transferred to the person who did the work. And that's the end of
the story. Well, that's actually the beginning of the story, because the fact that this transaction
happened allows you to have a bunch of data points. And those data points actually can have
great value in order to do direct interventions, right? So for example, if the government knows that
in a particular state in India, right, there's, there's mangrove credits being generated, these
carbon credits being generated, right? There's a lot of direct action or a lot of support that
governments, state governments, local governments, central governments can provide to such activities.
And, and they can actually take a call forward. Contracts can be built. A lot of stuff can be done
based on the data points of these transactions occurring, right? So it goes from this granular
to the meta, the possibilities. So absolutely huge challenges, firstly to, you know, getting a mobile
phone, a smartphone, and then of course, onboarding them. That being said, definitely working on it
across India, and huge opportunity. Back to you, Jimmy.
Oh, my mute button is a little bit weird. Amazing. Yeah, no. Thank you for shining light on that. Great points.
I also noticed we got Devins Meta with his hand up, an impact evaluator. So go ahead, Devins.
Yep. Thanks. My name is Sivanch. So it gets, it gets truncated on Twitter. This is, yeah. So basically,
I had a couple of thoughts, Pranav. It was really interesting hearing your entire vision. It's the
first time I've kind of heard it. So a couple of thoughts about that. The first is on the entry
point. So kind of, I think hyperserts are a very interesting primitive that's been developed.
So, like, you know, you, like, you, like, you don't want to give people directly governance tokens
for a bunch of reasons. So if you can actually verify that they have done what they said they
would do, which is planting a mangrove, and then you're able to give them a hypersert for that.
And I think kind of, it's interesting to look at the distinction between a hypersert and an impact
NFT. So impact NFTs are ERC-721 tokens, which can be transferred. So a lot of their appeal comes in the
fact that, hey, I'm going to buy an NFT today. And like five years from now, if the project succeeds,
I'll get a lot of money by reselling that NFT. With hyperserts, you cannot resell it. So if I,
as a funder, really like the fact that this person planted a mangrove tree, I can buy that hypersert,
but then I can't do anything else from it. I can't resell it. But what it does enable is airdrops.
So supposing the person who planted the mangrove gets a hypersert,
and doesn't want to sell it to anybody, he keeps it. That would then actually enable us to drop
governance tokens and even other benefits, not just governance tokens, but even other things
to this entire community of people who hold hyperserts. So I think that was kind of one. And
it's like kind of something which I've been noticing in a lot of spaces, that a lot of people are like,
there's a distinction between people projects working on impact NFTs, and those working on hyperserts.
And I think it's very interesting to see kind of where the ecosystem is going to evolve. And one
of the most important things is really buying pressure. Because even if we talk about governance
tokens, how are we actually going to get it to have value? How are we going to get it to have people
who will actually want to buy them and create buying pressure? So one idea which the hyperserts team is
working on when I spoke to them is the idea of an aqueduct. So aqueducts are basically like a
protocol like is making money like Uniswap makes money in their trading fees. So they create an
aqueduct saying that okay, 0.1% of all trading fees goes towards buying hyperserts of impact like
mangroves. So then you can actually create like if it's verified, like crypto is programmable,
so programmable money. And I think we want to reach a situation where we have programmable social
impact. And that's, I think, really the thing that we are all working towards in some way,
whether it's my project, Pranav's project, all of us, we're trying to create programmable social
impact. So I'll end there. I'll just kind of leave you with a last with two last thoughts. One is
on the on this on the point of selling governance tokens, which Pranav spoke about, it's actually a big
issue even in Bitcoin. So like when Deepa interviewed the founders of Bitcoin, she found that one of the
founders had to choose between retaining his governance rights and his voice, and between
selling them to pay the rent, which is a very like kind of helpless situation to be in. So that's
definitely something to just keep in mind. And the last part is really about the barrier of entry and
the need for smartphones. So in my last life, in my pre web three life, I was working with a community
media outlet in the Maoist areas in central India. So there's like a war going on over there.
And we started an interactive voice response system with the tribals there. So if their road wasn't
built, their hand pump wasn't created, they were drinking dirty water, no electricity, they could just
call up a number and report that story. And then we'd work with the government to solve that. So I think
like enough, yes, like smartphones might be the, it might be what we need. But there is technologies
which exist, which also work on feature phones, which actually half of India has a feature phone,
which is called interactive voice response system. So just wanted to put that out there. Thanks.
Love that, Devash. Love that. Love all of the points that you shared. All of these are possibilities.
All of these are opportunities. We have, we have so much space for all of these to happen.
Right. And, and these are beautiful nuances that you've bought in. I mean, in my mind,
hyperserts has been all about, you know, consumers and the NFTs that you mentioned is also about like,
you know, the end consumers. Whereas a lot of the mangrove projects, when, when, when I've been
thinking about them or talking about them, that's been coming from the point of view, like, you know,
the supply side institutional buying, you know, where they may not be enough to have just like a hypersert,
they would want to have more data points rather than just, you know, carbon credits or some stuff.
So, but absolutely very well taken all of your points, huge opportunity out there.
In terms of, you know, the governance token aspect that you mentioned, when I talk about governance tokens,
although it might have seemed that I'm suggesting to sell governance tokens, it's not really that aspect
that comes to mind. It's literally about having those governance tokens for governance, right? And
they literally could be soulbound NFTs or, you know, for, for, for the want of a better tech or tech
sounding word out here, right? It could be any form. I'm more, how would I say, focused on the fact that
the people who are actually doing the work have a say in how the project unfolds, right? It's not like,
you know, somebody who's coming in with a grant and wants to do a cook stove project in a
third world country and says, you know, I'll, I'll do this project. I'll pump in this money.
I'll get these credits and then I'll move out. The whole thought process there is if we can get
governance tokens in the hands of these people who are actually generating this good work,
these impact data points, we could potentially kickstart an ecosystem, a business model out there.
So, so that's the thought process I came out with. You know, that's, that's where I was coming from.
All your points well taken the space for, you know, all of these opportunities to come in.
Thank you so much for sharing all of that. Definitely flagged off a couple of light bulbs
in my mind. Absolutely.
No, I think that's very much appreciated. I think the one other aspect I would mention
on governance rights. So someone called Glenn Vale, who's like a big name in the space,
who's written many papers with Vitalik. So he's written about an interesting mechanism on governance
called expiring voice credits. So what that basically means is that if we have thousand
mangroves planted this week, so we give people thousand voice credits, but the crucial part is
they're expiring. So if you don't use them for governance, they'll basically get like burnt at
the end of a certain time period. So that's actually used by a lot of projects to separate,
like to keep utility and voice in the same token. It's like a big question. Do we have a one token
model or a two token model? And one token models are easier because you can just market one token,
but you also want to keep your governance rights separate from utility in some respect. So the hybrid
solution which Glenn came up with was, you stake your utility token, and that gives you, and that gives
you expiring voice credits, which you use for governance. So I think that's another interesting
mechanism for governance, kind of, which overcomes a lot of the contradictions that you pointed out.
Love that. Love that. Really interesting. Definitely going to look that one up also.
Thank you so much, Devansh. Definitely up for a conversation with you to learn more about this,
my friend. Love that. Jimmy, my man, you've been so quiet. Can't have that, can we?
I am going to be inviting other folks onto the stage. I have Shamba out here. Is that Atak?
Yes. Welcome, Shamba. Yeah, it's so weird. Twitter won't let me unmute unless I swipe down.
Just being so funny lately. What's up, Atak? Not much, so much. No, I was just quickly going to say that,
like, the governing thing, I think it's really, really, really interesting because I feel like
it's empowering, you know, communities, people who are part of a particular project to kind of
vote in a way, you know, and I think that's actually pretty, pretty cool. So I'm definitely,
I definitely like that idea of like being able to, you know, vote. I think that's really stronger,
stronger, I don't know, what's the word? Yeah, it's a stronger position. And you're actually
part of the community much, much stronger than just like buying something and hope that it goes up
and then going and selling in the future. But if you can make decisions together, just like, you know,
councils or, or trust or, you know, a board may make a decision, then you are really part of that
community, you know, in the long run. So, yeah. And, and I think also as well, collectively,
you know, you're, you're making a collective decision together. I think that's actually pretty good.
Collective decision making is the key, right? It involves way more people and people really feel
like they're a part of something. Go ahead. We got Lunco up here, Rob, a robot builder, a builder of
builder of tools to build robots. How you doing, buddy? Hey, hey, hey, just came back from the
hospital today. Things are much better. You okay, buddy? Much better? Yeah, today is much better.
Like it took, yesterday took like around 20 or 30 minutes there, like to, to, to change, uh, uh,
bandages. Today, maybe just 10 minutes. It was not painful at all. So, hi all to whom,
with whom I haven't seen for ages, Pranav, Shamba, uh, Trijan. I think today we had spent already
some time together. Like maybe three hours. Oh, man. I know. I feel like we're going to be so close
by the end of this. You know, I spent a significant amount of time with the Atlantis crew in Twitter
spaces when I was doing my mega space for 60 hours over one weekend and also getting them on the Max
Impact show, et cetera. And then this, the moment I met them in India, it was, it was like we've been
friends for so long and we just had this instant connection. And Pranav also to an extent as well,
because we've spoken on spaces and known each other for quite a while. But guys, 11 days together,
we're going to get to know each other so well. And, uh, we're, you know, it's going to be,
it's going to be an amazing ride. And, and yeah, like, like, like that amazing quote you came up with,
Pranav, that the Gitcoin posted, you know, you come for the money, you stay for the community.
That's really what Gitcoin is all about. And, but these spaces, we're going to form incredible
bonds and amazing collaborations. Like, look, we're already talking about, you know,
doing a hackathon together to get tree planting robots for dangerous planting locations. Um,
there's another organization where we're talking about different mapping for volunteering and
connecting tree planting opportunities together. Um, oh, so many amazing collaborations are coming
out of this already and we're only on day two, baby. Let's grow. Go ahead, Ron, Rob.
Uh, I have a question to Pranav. Thanks. I have a question to Pranav. So it's who,
like, who made the phrase, what did you, who, who said you came for money, you stay for community?
Because, uh, Cosmos for Humanity said that it was like a Gitcoin motto. And, uh, now I've heard from
many people that, uh, you were the, you were the first one who said that phrase. So is it correct?
Uh, yes, that, that is correct. That is correct. Yeah. Okay. So now I will refer to you. That's an
amazing phrase. So I think we'll quote you a lot. Yeah. Yeah. I mean, but I, uh, just to let you know,
uh, Rod, uh, the, the phrase that you shared yesterday in terms of Gitcoin is the best accelerator.
I have actually shared that with the Gitcoin team internally, and you're going to see that come up
one of these days, maybe not in the current season. I don't know, you know, how things work at the
back end, but it's definitely going to be out there. Keep your, keep a lookout for that. Uh,
so yesterday on a space, uh, Lunko shared, uh, Rod shared that Gitcoin is the best accelerator of them
all. Why? Because you are pitching so many times, you're pitching a project so many times,
you really become a pro at it, right? And you get so many questions from so many people.
It really helps you shine your pitch. So absolutely so true. And Gitcoin is going to take that up.
So you're going to be credited very soon for that. Thank you so much. And I want to add one more
point why it's the best accelerator. It's also about community because community helps a lot to,
uh, to, uh, to polish a pitch to like, that's, that's also really, really important. And this
time I'm really thankful to Guido. He helped me to find one word that finally explains what Lunko is.
And it's really simple work. It's a platform, but it has really huge consequences. Now people
started to understand to what the hell I'm working on. And that's huge, like just one word, but it's,
it's really huge. Love that. Love that. Guido is, he's a star. No question about that. Uh,
love that. Uh, but, uh, you know, uh, we also have fighters here fighters. You want to come on in,
talk a little bit? We are fighters gang. Hi, Jimmy. How are you, man? Good, buddy. Great to have you in
the space. Absolutely, man. I've never really heard you pitch fighters gang, but now I get to hear you a
bunch. It's okay. You can take it if you need to. It's okay. Yeah, absolutely. Not only are we
refining our pitches and raising a little bit of startup capital, but we're also connecting with
each other, forming alliances, forming partnerships and building out our community, right? Like there's
something about, you know, even getting one die or a bit of Ethereum sent over that definitely shows
that you're onto something and you can get feedback from it. And, um, and it also connects you with those
people who contributed and all the great things. So, yeah, it is a great accelerator. I completely
agree with that. Well done for coming up with it. Hope you get recognized too, by the great Gitcoin
like front of this. I am sure. I'll definitely chill it. I'll definitely chill it.
Love that. Love that. Um, uh, I also see, we have see, uh, Russ Kim out here and Russ Kim, uh,
you know, you talked about, uh, the mobile smartphone penetration also love to have you come, uh,
on the stage and talk about what you're doing. I definitely want to learn more.
Oh, can't hear you, buddy.
Um, sorry, uh, Russ Kim coming back. Oh, there you go. Oh no, that was a tag. Okay. Yeah.
That was a tag. The old off and on trick.
Twitter up to their tricks again, fighters. Maybe you want to, uh, if you're, if you're good,
you, you're welcome to come back on. All right. All right. Okay. Fighters are still
involved with the phone call. I hope he's getting funded. He's got a bunch of people
buying his NFTs and all good things happening to him right now. Absolutely. So, you know what,
well, I, this, there's a couple of things that, you know, obviously the space as we are building out
these 11 days, a couple of things really, uh, come to mind, right. In terms of, of course,
there's the collaborations that happen. Uh, and of course, you know, the, all the good things that
we talk about, but one thing that doesn't really get spoken so much. And one thing that we definitely
need to address is, uh, and I alluded to this yesterday earlier, is this need to participate
more in the Gitcoin governance just to exercise muscle out there. And by muscle, I mean, just be
part of the entire process because Gitcoin is really growing as a platform, as an enabler of
ecosystems. Uh, and number two, in terms of, you know, what challenges do we see, you know,
for example, for the current round, apparently, uh, and I don't know, how has it been for you,
but, uh, apparently the climate round, you know, the number of contributions is showing up to be
quite small. Maybe it's just that the backend systems are not reflecting through numbers.
We hope that that happens in the near future, but just, you know, what are some of the challenges
that you're facing for this round? Just, just curious out there and, uh, we can quickly go
around it. Jimmy, you want to come on first? Yeah, I think gas fees is a pretty big issue for
people, you know, to pay more in gas than the donation, um, is like a significant barrier.
I mean, that said, I think just reminding people that, Hey, like the matching is going to be
significantly more than the gas that you pay. So it's still a very good contribution.
Um, it just, it just like has people kind of waiting. I think in the weekends, like off times,
less busy times will be, uh, when more, uh, contributions tend to come in. So, uh,
or when gas fees will be lower rather. So yeah, I do think that's one of the challenges. Also,
Twitter spaces has been really bugging. Like it kicked a bunch of people out. It wouldn't let
them start their spaces. So this whole coordination of a 24 11 radio station has been, uh, has been
a bit of a challenge, but, uh, but you know, every great, uh, every great achievement requires great
challenge to be overcome and we are overcoming it slowly. We've got the full schedule now up on the
Gitcoin events page and, um, we're having the, the main, um, whatchamacallit, um, the main solo
punk guild page to retweet stuff out. So I think, yeah, we're slowly overcoming these different
challenges and we're showing up consistently and, you know, some hours are getting quite big.
So I encourage everyone to like come to all the different hours, maybe peak time. I think a
little bit later in the day where it's a better time for America is, is typically a really good
time where these spaces really pop off. But yeah, I think those are some of the biggest challenges.
It's like Twitter space bugs and, um, also the gas fees.
Yeah. I was wondering whether it's like ethical to offer to reimburse gas fees
for people who want to support our project.
Yeah. So you can't do that personally. There can be no tit for tat kind of business though.
Um, what's his name? Oof, one of the solo punk guilders, he said that he wants to do that for
a bunch of other projects. Um, you would definitely need to get Gitcoins green light for that. Um,
Ben apparently responded to this in a positive way in conversation, though it's not officially green
lit. Um, so yeah, you can't send money to people who send money to your grant. That's definitely a big
no, no. But to create like a pool where, um, you know, maybe that could be done. It's probably not
going to be likely for this grant round because we are currently in one, but I think it's a great idea
to try to do that. Um, you know, maybe somebody who wants to donate could donate towards gas fees,
but then you also would find people not necessarily trying to minimize gas and that might just cost a
lot to that person. Um, by the way, there is a way to, um, in MetaMask set a maximum gas fee that
you want to pay. So, uh, you can just be like, all right, I want to pay this maximum gas fee. And
if you're not at that gas fee currently, currently, cause it's higher than it, then it will just only
put through the transaction once the gas fee gets to that number. So if you're not in a, you know,
people can, they have till now until the last day, they can just check on the last day. Okay.
If it still hasn't gone through, then all right, maybe I'll increase my maximum and put the
transaction through. But, um, but yeah, so just maybe keep, tell that to people. People tell you,
hey, I'm waiting for the gas. Well, just put it through. I don't, I haven't, I don't know how to
do this myself. I want to look into it and maybe create a little step-by-step guide for people.
Um, cause that would actually, yeah, help us, help us avoid that potential barrier because
people might want to do it later and then forget. So just putting it in so that it happens
automatically when it does and just tell people to remind to check, make sure it did go through on the
last day then, or then you could even make a list of people who did that. And then you could follow
up with them in the last day, be like, Hey, did it go through? If not, then like, I want to adjust
it or something. And you could remind them. I don't know. Uh, so yeah, that could be one way to overcome
it, but no, so definitely sending people money who donate is a big no, no. Uh, just to also add to
that, I believe there's a MetaMask extension. So there's something that plugs into MetaMask, uh,
which helps you track fee. Uh, I forget the name. I'm going to try and find that and add to the
Twitter thread, but that could potentially do also, you know, what, uh, Jimmy is suggesting. Yeah.
Todd, I see your hand up. Please go for it, Rod.
Just got an idea that maybe for the next round, someone who is really pro in blockchain and he could
make kind of a dashboard that would track all, uh, transactions that were not accepted to blocks,
uh, related to Gitcoin. And, uh, you know, so it's not so hard to make, uh, automatic monitoring of all
the transactions that were not, uh, accepted to, uh, to the blocks. So maybe somehow it could be utilized.
Uh, Jimmy said that, uh, if like you can track people who, who donated, but the donation didn't pass
and it could be, uh, automated.
Super cool. Do you know the name of that extension?
No, I'm going to have to look that up. I was just searching for it.
Okay. I'm definitely looking that up and sharing that. Yep.
Amazing. Thank you. Yeah. Please let me know.
Absolutely. Fighters. I see you have your hand up. Please come back.
Yeah. Jim, Jim, I'm sorry about that. I have a call from my mom and I have to answer that. Okay.
What's the good sign? What's up? We're talking about challenges that we're facing related to Gitcoin.
Yeah. And, uh, you know, everyone joins the Gitcoin for a reason. Uh, you know,
what's your reason to, to, um, to join, uh, Gitcoin BetaRound? You know, we, we, uh,
joined Gitcoin BetaRound, uh, to bring a community around our, um, our project and get to know more
people. Uh, in the last rounds, we find it an amazing, amazing way to find new friends and get to
know more people. And, uh, we, uh, joined the Gitcoin BetaRound more for this reason. And,
you know, because we are going to apply for a launchpad in some of the NFT marketplaces, we have to,
uh, have a great, uh, not great, uh, a good, uh, um, Discord server, you know? And, uh, that's the
that's the reason why I always ask everyone to join our Discord server to bring traffic to that,
you know? And that's the reason. What is your reason, uh, Jimmy, to join that Gitcoin BetaRound?
My reason to join Gitcoin? Yeah, Gitcoin BetaRound. Well, I mean, uh, let's be real. It's a nice,
it's a nice bit of startup capital. You know, I haven't raised any investments so far. We're still
building phase. We haven't really, uh, well, we've kind of done some scrappy, uh, gigs where my dev had,
um, built some technology for other NFT projects as a way of kind of bringing some funding into the
project, but it's pretty, uh, pretty bootstrapped. So yeah, the funding has been, you know, the
initial reason. And as Pranav always says, and as those go to buy Gitcoin, you, you come for the
money, but then you, you stay for the community. And it's, it's been an amazing time connecting with
others, right? Uh, honestly, if there was no, if there was no real financial, uh, draw, um, I would
have still loved to have done this crazy radio with you guys, because the connections that we formed
together are amazing. It really is. Um, and, um, I'm grateful that we are doing this. And I honestly,
I really do hope that a lot of, a lot of you try to keep a consistent day, you know, doing one hour
each weekday is something that I anyway do. And I, I would recommend it. It's one of the best
community building methods. It's a great way to get your message out there and, and foster connections
in the space. Like literally, uh, the partnerships that we have for carbon forward deals have come to
us through Twitter spaces when I did the mega space. Um, you know, our, uh, our collaboration
with Atlantis and the reason why I came to India is because of Twitter spaces. Um, you know, and met
Prana, you know, we've done a Twitter space together and we had that instant connection
through it. And now with Lunco, we're talking about building robots together to plant trees.
Like all of this is happening through Twitter spaces, guys. Like, yeah, it can be buggy sometimes,
but it's still freaking amazing as a tool to just, you know, connect with people who are so
like-minded. So, um, you know, on the same page together and the, the, the, the impact that we
can make together is, is phenomenal. So, um, so yeah, that's, that's why I'm, I'm bullish on this.
It's why I love doing this kind of stuff. And I'm grateful that we were able to coordinate
more than 20 different radio hosts, uh, to make this thing happen.
Love that Jimmy and completely, uh, hats off to you as well as Guido and all of those folks at
Solarpunk Guild who put on this crazy idea of doing a 24 by 7 into 11 day radio,
Gitcoin radio. You know, I think, I think you're definitely going to get chops over at,
at Gitcoin itself. Uh, I mean, they didn't have the, uh, you know, the, the sort of bandwidth to do
this and here are a bunch of volunteers who are like, so passionate about Gitcoin have gone ahead
and done it. So total kudos to all of the folks, uh, who organized this. Uh, the one thing that,
you know, uh, that, that really also comes out for me for, uh, for the whole Gitcoin space, uh,
you know, in, in terms of the collaborations and in terms of the building together,
I think it's, and this is something that I really want to highlight is this need to go across
different streams. Right. And for example, yesterday, the space that, uh, you know,
I was part of with, with, uh, with the rod, uh, at, uh, the deep venture one, which was all around
BSI and space blew my mind to be honest. You know, the, there are just those possibilities and amazing
work and amazing folks out there that I had not met. And I'm so glad, uh, I was part of that space.
I'm, I'm definitely looking to be a part of, uh, MoonDAO. I believe that was the name in one way or
the other, because, you know, frankly, that's the, the high risk, you know, the, the, I would say the
risk reward ratio out there is like huge and your contribution, you are part of the crowd. You are
part of the group. You, you just do your little bit, uh, but you potentially could be part of this
huge thing. And for me, that's the reason that I want to be part of Gitcoin and I will always want
to be part of, uh, this, this entire fundraising process is this opportunity to be a part of
something huge, right? This, this once in a lifetime opportunity to be a part of Jimmy's project,
which is creating a world record of trees planted on a day, right? To be part of, uh, you know,
LoonCo's project of, uh, building robots, you know, for space, right? That's, that's kind of
mind blowing. I mean, where else would I get this opportunity? I definitely don't have the bandwidth
nor the mental capability to do this. Definitely don't have, you know, uh, the stamina to do it.
So just, I'm just honored and blessed to be part of so many projects. Uh, and for me, that's like
what Gitcoin brings to me. So there's definitely, you know, community and a lot of people come for
community with its all different facets. To me, I come to Gitcoin to be, to be part of this
community, to just be part of all of these amazing projects, right? That's, that's like
why I am here, right? LoonCo, I see you have, you have your hand up. All yours, sir.
I just want to chill a bit Mondao as you mentioned it. Um, I'm a member of Mondao. Um, I, I was a
steward of a space engineering guild at Mondao. Now we slightly changed the system. So now the run of
stewards of space engineering guild. So now I'm just the steward of Mondao. Um, thanks to Gitcoin,
like, uh, for me, Gitcoin, GR15 did a lot because it like, it allowed me to jump into Mondao community.
And also with all the knowledge that I received during, uh, Gitcoin, I became like one of the most
active members. Uh, also thanks to Gitcoin and Guido, I went to, I found the circle where I met,
uh, manual. Uh, he was interested in space. I pushed him to go to Mondao and now Mondao sponsors,
uh, DSAI around 25k. Um, and, um, it's an amazing community of quite crazy people. Now we started to,
uh, we are thinking what project to build, uh, first. So now we are discussing a possibility to build,
um, um, a lunar communications satellite that would not, that would be governed by, by DAO, not by, uh,
um, by, uh, uh, any sovereign state. And also at Mondao there, right now, there are two interesting,
uh, opportunities. Uh, if you hold Vimuni, just like one Vimuni, it could cost around 10,
a couple of cents. You are reliable to mint an NFT. And, uh, if you'll have that NFT,
you'll participate in a raffle. And if you win, win a raffle or it's called sweepstake,
but basically a lottery, kind of a lottery. So if you win, uh, you'll get, uh, a ticket to a zero G
flight. Uh, the ticket costs around 15 from 12 to 15 K. So it's quite expensive, but everyone can just
win it and go on the zero G flight with astronauts, uh, then go to, uh, VIP tour in the NASA,
I believe Kennedy center. I do not remember where exactly. And also moreover, you can make a video
why you want, uh, uh, why you should go to that zero G, uh, uh, flight, uh, and you can publish it
on Twitter with a hashtag. And then the community would vote for, for, to, to select a person, uh,
who can do that. But moreover, you can send your DNA to the moon with a huge discount. It costs,
like, you can do it for $100, but if you have Vmooney, again, any amount, just one Vmooney that
costs a couple of cents, uh, you can get a huge discount, like 35%. And, uh, after also,
you can send your DNA to the moon for $65.
Wow. That's amazing. You know, you know, Rod, what could be even more amazing is for
example, I'm based in India. I definitely can't go to Kennedy center, right? But if I could
potentially have this opportunity to send somebody else, so maybe you have a bunch of students in
there, uh, who would love to do this, uh, but they can't afford the NFT. I would love to just,
you know, buy the NFT and, you know, have them participate. And somebody goes to Kennedy center
because, uh, you know, I just put up like a very small amount as part of the, the NFT raffle. I
mean, that'd be great. Love that. Uh, but yeah, amazing stuff.
Sorry for the interruption. Uh, I think, uh, like we haven't discussed if you could transfer your,
if you want your NFT, but I think, uh, it'll be okay. And in any case, you can buy money and
those, uh, teenagers would have to stake money. One money costs right now less, like less than a
cent and you can stake that, uh, one money and then they'll have to meet an NFT. And that would be
completely reliable. Of course we'll have to spend some money, but it's, it's, uh, it's, uh, it's really
affordable. And if you have any questions, happy to help. And just one more thing I want to add about,
uh, DNA to the moon. Um, we are Monday partnered with a project called life ship. So guys already
have sent a bunch of, uh, DNA banks to international space station and to space. And, um, the plan is
that next year, a company called firefly would send a lender to the moon. I forgot the name of the lender
and there'll be like, your DNA could be on that one and everything is like, it's already, it will
happen, uh, without Mondao. Mondao just provides a huge discount of 35% for that, but it's not,
uh, like, it's not the project of Mondao. Everything already is settled down. You can just buy, uh,
you'll receive a really beautiful box and it'll descend to the moon. So, um, just want to say that
it's not planned in future. Like we will do it through, I don't know, in two or three years,
there's an exact flight that's already booked, that's already paid and we just have to wait.
Love that. Love that. Thanks. Thanks so much for sharing. I'm definitely reaching out to you to
learn more there. I see we have fighters, uh, as well as Shamba, uh, fighters first you
and then Shamba please in that order. Thank you so much.
Yeah, I'm so sorry for now because I have to leave this space, take my daughter from school
and, uh, just come with this and thank you so much for now. That's amazing space. Thank you,
everyone. Every region's here to support, support us and support others. We're going to make it actually.
Yes, we are. Absolutely. Go. It's a Saturday. Please go ahead. I mean, go on with, with your daughter.
I'm just about to do that in the next half an hour. Here is different. Friday is in... Oh yeah. Oops.
My bad. Friday is, uh, uh, here is, uh, weekend, uh, Thursday and Friday is weekend.
And the week starts from Saturday. Ah, my bad. Where, where are you based? Where are you based? Sorry.
Turkey. Turkey. Yes, yes, yes. My bad. My bad. Apologies. But yeah.
Arabic countries, like, uh, uh, they are the same. The, the, the week is different.
I'm just sorry. I'm sorry.
Um, Thursday. And Thursday and Friday is off. And again, start from Saturday.
Awesome. So have a great week ahead. Absolutely. And thank you so much for being part of the space.
Awesome. Atak, all yours, sir. Oh, thanks so much for now. Um, I was quickly going to say that,
like you, you asked a really good question before, um, in terms of, uh, some of the challenges, uh,
people are facing. I think the biggest challenge is the fees. And I think, um, this might be the reason
why the, the climate run is not getting much, don't have the same amount of, um, you know,
contributors. I feel like the, you know, when you look at the fees are too high. I mean, uh,
when I did the donation, for example, I paid $19 and, and it was as high as 35 and I had to just
wait a little bit and come back. And while I wasn't even waiting, um, I had to actually,
because you have to send the die to check basically, um, on, on Metamask. So I did it
three times and that was a total of $8. And so you realize, whoa, I didn't have enough,
enough, uh, Ethereum to even, uh, you know, pay the gas fee. So then I had to, you know,
send more gas, gas fees into Ethereum wallet. So I feel like, yeah, the, the, the gas fees are,
are the biggest challenge because if you look at it, $19, for example, um, that could be contributing
to 19 different projects. If you, if the gas fees were not that high or 10 different projects,
if the gas fees were not that high. Um, so I feel like that's what this might be putting a lot of
people, uh, not off, but delaying it, basically delaying it to another time. And if they're delaying
into the last day, who knows, the gas fee may even be higher. That's the challenge as well. Um,
yeah. So apart from that, I think the Gitcoin really did make massive improvement, um, in the
actual, uh, in, in the passport, the passport is really, really good now. Um, and they added
a different Coinbase as well to it. So there's, yeah, I think there's definitely some really
major, major improvement, but, uh, the gas fees are definitely a problem. Um, but yeah,
I hear you, my friend. And in fact, just to, just to share, uh, this has definitely been, uh, very
highly discussed within Gitcoin. And again, as part of the climate working group, uh, Gitcoin round,
uh, yesterday in the meeting, uh, this was again, one of the main topics that was being discussed in
terms of, you know, how does this play out? Uh, and, uh, if Ethereum is the right choice,
because initially there was optimism being discussed, uh, as a potential, you know,
alternative rather than being on the main net to be on the optimism net. Uh, and then,
you know, the, for various reasons we decided to keep on the main net. And unfortunately we have
high fees. This was definitely not anticipated or expected. It was the team had expected lower gas
fees. The Jats, that's just the, you know, uh, the way things, uh, came together, but it's definitely
on top of mind, uh, for, uh, everybody at the team. So just want to share that with you.
Everybody's it. This has everybody's attention. Awesome. Great. Uh, I see we have some good,
a new folks in the space. There's Rahul, there's Otto. I have, uh, you know, I'm happy to bring
you up on stage in case you would like to share about your work, about what you're doing in case
you have any questions about what is Gitcoin radio. I mean, we are the official, unofficial
channel of Gitcoin Petaround. All thanks to Jimmy and Solar Punk Guild, Guido and all of those Mad
Hatters out there. You know, Jimmy, I, I really didn't want to say that, but you know, I think
the Mad Hatter's term applies well, well to all of those good folks at, at Solar Punk Guild,
because you guys just, you know, we guys, in fact, I'm part of Solar Punk Guild. So, you know,
we just went ahead and we did it. Right. So absolutely. I love you for that. Uh, in case,
uh, you know, anybody wants to jump up on stage, uh, please feel free. We are now in the last 10
minutes of the space. So Karsh is going to be up next. Uh, he will probably, uh, be showing up. I
will also be adding his, the link to that space in the Jumbotron up there. Uh, that'll just take me
a minute. Uh, sorry, I'll be adding it in the comments to the space. Yep. Uh, but yeah, Jimmy,
you want to come in here while I just add that space? Yeah, sure. And thank you for saying that,
brother. And one other thing I want to point out is the fact that, uh, we came up with this
Gitcoin radio concept and discussed how we would make it happen during a Twitter space, right? Like
so many amazing ideas have been created during Twitter spaces and it's amazing to see them come to
fruition, uh, as well. And, uh, yeah, so, uh, yeah, we're going to be transitioning to the next.
So, um, pay attention, uh, to the Jumbotron is going to pin something up. I also pin something
up there too, which is the tree gens grant. Y'all can check that out. If you want to add it to your
cart, if, by the way, if, uh, if, if, if gas is a bit high, you got, you got two options, you know,
one, you can simply add to cart and then, um, you can process it when you feel like it's gone down.
As we were talking about before, there's, there is a Chrome extension where you can
set your maximum, uh, gas. So it won't actually process it until it reaches that point. So just
check on the last point of Gitcoin to make sure it went through. Um, and apparently there's a way
to do this even within MetaMask. So I'm not the expert on it, but stay tuned, um, of different
ways that we can do that. Okay, great. He's pinned the next space. Let's check if it started.
Okay. He hasn't quite started yet. So let's all stay here. I'm going to ping Utkash of
Solopunk DAO. And let's just make sure that, uh, that we get this started up. Just one moment here.
Utkash. Oh no, here we go. Solopunk Maxi. And while we are waiting for this, uh, you know what I want to do?
I want to request everybody who's up here on the call, uh, to just do something, something for the
Gitcoin team, for all those folks who are doing amazing work in particularly. And, you know, for me,
for example, Gitcoin, when I think of Gitcoin, it's Ben West, it's Colleen Chase, it's John Ruth,
it's Tara, uh, right. So whoever you think of Gitcoin, you know, who is Gitcoin personified,
I would love for each one of you to just drop them a tweet, right? Saying thank you from Solarpunk
Guild. You know, that, that'd be awesome, right? If you can just write that to them,
just tweet it out there, tag Solarpunk Guild, tag me, tag Jimmy, and tag that person. I definitely
want to amplify that, uh, just as a way of thanking them for all this amazing work that they do.
Just want to share this again, this between you and me, the entire team was working like the entire
weekend, last weekend, uh, you know, just confirming the different grants, going through all of that
right up to like 1 to 2 a.m. Right. So there's been like a couple of team members who were just
going through the grants, uh, in the U S it was like 1 32 a.m. for them. And then there was folks
in India and across the world who were like at 11 a.m. or, you know, the day and everybody sort of
working hard on that. So people have really busted ass to get this ground up, you know, and it'd be
great if all of us just shout them, put out a tweet to them, thanking them for that.
Yep. Uh, so I had Colleen, Ben West, John, who is the last person? Tara? Do you know her handle?
Brenna?
Oh, I can't hear Brenna if he's talking.
Oh, sorry. I went on mute. My bad. So Tara, she's not on Twitter so much.
Okay. Okay. I'll just say everyone and everyone at Gitcoin.
Awesome. Love that. Love that. I hope everybody else is doing that too, sirs.
We would love for you to just give a huge shout out to the Gitcoin team for all the amazing stuff
that they do. And maybe, just maybe, uh, you can include Owaki also. Right. Uh, and interesting fact,
you know, uh, Rod, we didn't share this with the team yesterday, uh, with, with the group yesterday
on the deep venture space, we had Owaki for most of the time. He was like there listening into the
entire space. And it was like, he didn't come on stage. Yeah. But it was, it was good fun. Right. And
I didn't even get a snapshot of that. So my bad. Yeah. Should have, should have done that. Right.
Awesome. Great. I see you are here. Would you like to come in and give a chat, uh, a quick shout out?
I've just said, are you a car while we are waiting for that? Divash, I got a question for you, buddy.
Which part of India are you from? Or are you based overseas? And what's all of Bond's impact? And I
know you have the voice tech. I contributed to it, but you know, what's Bond's impact? Yeah, that's a
great question. So I live right now in Pondicherry in, in India, but I've been born and brought up in
Bombay. And, um, so Bond's impact is really just trying to create like an ecosystem of buying
pressure for hyperserts. So kind of trying to create different mechanisms for outcome funding.
Because if you think about it, like most nonprofits today are service-based organizations that you give
them a grant and then they'll perform a service for you. And that doesn't really allow for
scalability. So what kind of Bond's impact is trying to do is a tokenized impact. Bonds is trying is
making nonprofits into product-based organizations. So you create, like you do some impact, like say
planting a mangrove or in like, you know, the first use case we're looking at is an investigative
reporter writes a story and they cause like a court case or a resignation or an asset seizure,
or even just a road being built in a village. And then you can mint that as a, as an impact
certificate or a hypersert, and then you can sell that. So it's like, it becomes a product-based
organization. So that's really the larger goal. Nice, nice. Awesome. I mean, that, that follows the
mirror philosophy, right? Absolutely. And you could have like NFTs of that, that again shows proof of
ownership, some great, great, interesting possibilities out there. I noticed that the
earth-based soul space is up. Uh, Jimmy, do you think it should be transition?
If it's up, it's time to transition. Let's grow over to the next fam. Over to the next.
I will be staying here for just a couple of minutes while everybody transitions,
and then I'll end the space and join you in there. Sounds good. Yep, yep, yep.
Sorry, but it's not pinned to the Jumbo transfer for jumping in. So I'll try to find who's the next
space is. Yeah, it is pinned. It's just far left. You got to swipe right, and then you'll see earth.
Yeah. All right, perfect. Hello, everyone. See you on the other side, folks. All right.
Yeah, come to the next one. To the next one. Everybody get out of here. I'm just gonna hold
down the fort until y'all leave. Main trainer, it's time to go. Swipe right on the Jumbotron and
head over there. Rod, get out of here. Ayo Weka, you're welcome to come chill in the next space.
That's where we're all going, Devansh. Yep, there you go. Shamba, get out of here. Swipe right on
the Jumbo. Far left. Main trainer, please come to the next one. We would love to have your voice.
Yeah, we'll see you there, okay? I'm gonna go to the next one. Close out at the top of the hour,
Pranav, or whenever everyone leaves. All right, I'll see you there. Much love, Pranav. Well done,
as always. Likewise, buddy. Thank you.
Thank you, Main trainer. I am just going to be ending this space and moving on to the next one.
Thank you so much for being part of this conversation. Have a great day.
