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Let's GROW Live 24/7 Gitcoin Community
Recorded: April 7, 2025 Duration: 0:54:22Space Recording
Short Summary
Impact Launchpad is set to revolutionize social impact investing with the launch of the 'Bank of Humanity' and the 'world game,' aiming to raise significant funds and foster collaboration among stakeholders to address global challenges.
Full Transcription
and we'll be talking about it some at easy's corner tonight later which is the Monday show
I've been hosting for the lower five years weekly. Much love. Keep growing. Much love buddy.
All right.
All right.
Okay, and we are live on video.
So hello and welcome to Let's Grow Live.
If you're just tuning in, we are live 24-7 on Xspaces,
and this is a video component that we are feeding into it.
Joining us here today is
Daniel, the founder of Impact Launchpad, as well as Is There Enough? What a good question to be
asking. I want to talk about all of the good things that you're working on, and particularly
the Launchpad and specifically around the world game.
So why don't we start with the world game, okay?
Tell us, what on earth is the world game?
Well, first of all, it's something we all have an interest in,
whether we think of it in that frame or not.
It was invented by Buckminster Fuller.
And he thought of it as something that was the opposite of a war
game. How to make the world work for 100% of humanity, or as close as we can get to that in
the shortest time possible and a few other conditions like without ecological offense
or disadvantage to anyone, you know, things that we'd all broadly be interested in and the way he would examine it as an engineer rather than a warrior is what do we do about it?
And when I looked at that question for a long story of reasons, you know, I once came upon the idea that the way we could do that is to invest in it.
And we all have different ways to examine how to play the world game because I am a big macro thinker like you.
You know, we groove a lot on looking at things in a very big picture from our personal experience.
That's something you and I have in common.
But we all look at the world in very different ways.
You know, I have my world, our world, the world order or disorder and so on and so forth. Right. And I think, you know, the
idea to set out and do that is I would listen to people like Sean and deal with people like Sean
and you and lots of projects that I support and develop as many of the best people in the social
impact investment space are doing, really doing a great job at, but not
fast enough. Not for where we're at. And so I came up with a concept that we call the bank of humanity
as a way to invest in that so that the peoples of the world like Sean and yourself
could have a much easier time of moving forward. So I came up with that concept.
could have a much easier time of moving forward.
So I came up with that concept.
People loved it,
but they thought it was impossible to pull off to a person.
You've had this experience,
we've discussed this off camera
where people love what you're doing
and go hope you can pull it off kind of thing.
There is that aspect of possibilities
that seem utopian to people who are afraid of that aspect. And so it's
very hard to take innovation that really exists already in humanity right now. We just saw a
demonstration of the capability of doing in a few minutes what once upon a time would have taken
years to do, if at all, right? That's all in the hands of ordinary people. How do we begin to ask
the engineering question of what we do about that? I came up with that solution. I've got a model for to do, if at all, right? That's all in the hands of ordinary people. How do we begin to ask the
engineering question of what we do about that? I came up with that solution. I've got a model for
that. You know about that. And we intend over the next 24 months to launch our first pilot of that.
But more importantly, I guess to everybody that's relevant here is that out of that concept,
once upon a time,
I accidentally expressed this question
for those on video to see it on here.
And I'll say, I accidentally stumbled onto this question,
is there enough?
And there was such an incredible response
to how it became a conversation of people
to look at the world game as both my world and the world in general of how do
I make it better instead of destroying it. And that became the conversation of is there enough
which led us to this realization of how do we create true wealth that's higher than what we
have now? How do we grow the pie? And that is not by resources, it's by agreement. Everything that's higher than what we have now. How do we grow the pie? And that is not by resources.
It's by agreement.
Everything that's there that you're doing, Jimmy, is there,
but it takes you and someone like you
and all the people that have collaborated with you
to just say, you know what?
We're going to put all that together and make it happen.
And I think there's a world of Jimmy Cohens out there
that we have yet to bring to the attention of everybody that this kind of broadcast does.
So I just think that if we can begin to get conversation in society while things are breaking down in the world order, and they are, we can recognize that why it's so difficult to build wealth is because it's difficult for us to build agreement.
Everything that you do every
day and that I try to do every day is incredibly difficult. We have so much vested interest in
being at war with each other, culturally, cyber war, but even just in our basic language and
conversation. And that's basically the two parts of us is that we started out with an idea of how
to invest in humanity. And it turned out that the way we had out with an idea of how to invest in humanity and it turned out
that the way we had to do it was build more agreement in humanity and to the point that we
invented as you have mentioned to people um a treaty of humanity to be the first treaty ever
signed by individuals not nations and be treated like that, as an individual
commitment of people to say, I'm going to thank my ancestors of warriors who brought
me here.
That's why we survived.
It can be sitting here and have this conversation that was necessary.
But how do we, for our own survival, learn how to collaborate more than we are in conflict
and take that as a personal responsibility,
not just as a nation state one, just like you taking the personal responsibility
of being the savior of trees. You know, that's a choice you made, an exercise you made, and then
you went out and rolled people to it. It's not enough that you had an idea. You went out and
got agreement. To me, you're the agreement economy, not just the tree economy,
right? Which is why you fit within us because it doesn't exist right now for everybody to,
you know, buy tokens or whatever. But one day there will be pretty near future an agreement
economy being released by us, which we expect that we'll be acknowledging and honoring what you're doing with your tokenomics
as being something worth something in our economy. And if you think about how practical it is,
every economy is an agreement economy. Every economy is an agreement economy.
Wealth is not built by resources or war. Look how poor everybody's going to be during this war.
That should just end the debate about whether war is a money-making tool for anybody.
We're just taxing humanity for no reason at all, right?
So what we have to figure out is how do we grow the pie through collaboration,
and it isn't sitting here holding hands and praying for peace.
It's how do we get together and even tolerate the people we may not love,
but in a way that's safe for all of us to manufacture more agreement, more agreement,
more agreement, more agreement. So that's why I was immediately in love with everything
that you're doing. And I know I've spoken quite a bit to just one question to just say that
I want to say for everybody's benefit in the room,
we all encounter people who help us see the world in a different way. I was
talking about the world and our world and our worldview and everything. And the reason why what
you're doing is so electric, and you're just going to going out and I guess what I'm trying to say is
you have helped me sort of, and I think this stands in for a lot of other people,
to appreciate trees in a different way. And how valuable is that in the long run,
you know, just from your expression? And what you I can do and everybody here can do and all the Gitcoin community can do as we're all trying to figure out as, you know, so to speak, here for us to continue to say the thesis of Impact Launchpad is that everything we need for humanity to thrive is already in existence.
If we somehow artificially shut off innovation tomorrow, if we just implement what we've already invented, we can live sustainably and in peace of 10 billion people with what we just have right now
so we do have to really think and i'm an al gore trained climate reality advisor and activist to
to say this we have to treat our collaboration with each other more important than climate
change itself because we can't solve climate change without it and you're proof of that
right because you're actually going out and doing something out of collaboration to respond to it.
You're not just writing posts about how terrible that the fossil fuel industry
did this and hid this. And those are stories I want to tell, believe me.
And those are reparations I want to see,
but we really have to get on with what we're going to do about it.
That's what the, is there enough questions about us?
That's what the world game questions about is what are we going to do about
Okay. what the world game question is about is what are we going to do about us? Okay, so what we're going to do about it is increase collaboration, increase agreement
amongst humanity so that we have that starting point to really grow from. So then my next
question would be how can we have universal agreement? How
can we get as many people as possible to be in understanding, collaboration and
agreement with one another to sign this treaty and to grow? What do you
think the how is there now that we've established the why? I think it's having
people recognize the personal advantage of it
first. Because if it's on behalf of the world, it'll be in the choir. But for it to be mainstream,
people have to really see it as something in their own interests. You know, Buckminster Fuller
said, without ecological offense or disadvantage to anyone. He chose his words so carefully that he invented words when they didn't suffice for him. So I think it has to work for the each and
the all, not just the world generally. This is critical. And I think that begins in language,
where people begin to examine. This is why I accidentally stumbled on, because of course,
Because, of course, Jimmy, is there enough?
I'm asking you for real now.
Is there enough?
Well, I think that depends.
I mean, the first thing that comes to mind when you ask that question is like food.
For a big part of my life, I thought that food was a very scarce resource that the people were starving because there wasn't enough of it.
But I then later in life learned that actually, yes, there's abundance of food.
It's just not distributed. There's a distribution problem and there's a waste problem and there are those things.
distributed as a distribution problem and there's a waste problem and there are those things.
The next thing that comes to mind is compassion and love. Is there enough of that? Because I
think that's kind of the underlying driver of people actually doing something about all of
the problems that we have from water scarcity to poverty to
climate change. Do people actually care? As long as they're good, what about all
the other people? What about all the other animals? What about Mother Nature
herself?
And this little conversation, yeah, go ahead, keep going.
And yeah, so is there enough compassion? Well, I think that while it is a spectrum for a lot of people from empath to sociopath,
it's not necessarily 100% fixed and that it is a sliding scale.
And through certain experiences, we can grow connection and
empathy and then ultimately compassion for the thing. So in that sense it's kind of dormant
for a lot of people at least to the extent that it could be and so is there enough? Yes there is. But is it is it out there? Is it is it unleashed yet? Not yet.
You know, it's fascinating because, you know, we've had this conversation over 5000 hours in 30 countries.
I've never heard anybody answer quite the way you did, first of all.
And second, like if I'm ever teaching people how to have this conversation, like part of the survey, social research we do and stuff like that, which they have their own personal benefit out of because they learn a lot about agreement doing that.
It's a little exercise we have.
I say the first agreement that you're looking for, you know, you want to ask, how do you get agreement with the world?
You start with a first agreement.
Then you get a second, maybe a third and so on.
Right.
If you go too far in the fourth, you go back to the third,
you find another fourth.
There's a methodology to this, right?
You start with sameness before difference.
You understand the difference between values and positions,
normal things, right?
When I'm explaining this to people, I go,
the first agreement we're looking for is that it's conditional
and situational, which is exactly what you just demonstrated, right? Like I've had
people go, which is rare for somebody to go, well, yes, there's enough, just like that.
You know, they've practiced abundance thinking, you know, study Peter, do you mind to, you know,
all that sort of stuff, right? And I'll say to them, I'll say, well, what would it take for
everybody to have access to it? And that's, you just did that demonstration, basically talking
about the food and all of that, right? And then you go really the most important thing which is there enough compassion and regard for everybody to actually
make that happen right and i think that uh the first thing to recognize is that uh first of all
incrementalism in this day and age is very powerful like what if there's only what if there's
only one or two percent of humanity that thinks in the way that we're talking about?
That's a historically massive number of people to create a tribe out of, of making the world better, of world game workers is what I'd call, which a lot of them feel very lonely, right? That's
why this is so great that we now have these tools to connect like this, right? But I think that
each of us has an enough bucket and a not enough bucket.
That's the condition and situation.
It becomes like a measuring tool.
It's like a very baby step of Maslow's hierarchy of needs, right?
It's like very elemental.
Like I can ask a five-year-old what they have enough of and not enough of, and they totally relate to the conversation.
enough of and not enough of and they totally relate to the conversation. And you know,
it's normal and natural for a child to be very self interested, more than an adult by
general general and they're totally like serving health in many ways just to grow their needs
right through this prison. I've done this in a kindergarten class, by the way, I'll
tell you that story. But the fact is this very simple examination of what's in my enough bucket,
which is my opportunity for gratitude, often missed by counting it up. Just like when you
measure something in blockchain, it becomes more valuable. What happens when a human being actually
measures what they have enough of? It's think about it. What is the opposite of hate conflict
is solution. What's the opposite of grievance is recognition of what's already working, right? So the enough bucket is very
important. And the not enough bucket is where people's values are. Like you went to get the
compassion because you value it so highly. So for you, there can't be enough of it in a way,
right? For me, it's about proliferation of ideas. Like how do I get more
tools and resources into the Jimmy's and the Sean's hands of the world so we can really proliferate
all this implementation I'm so excited about? Like when you talk about one of our projects
I've mentioned to you is called the lifeboat, which we think we're going to take about 10 years
to produce. We'll spend a few hundred million dollars over that period of time of our own money plus others, which is to produce a solution of infrastructure that I don't see any governments working on.
And I don't think any government will or be able to, which is in the next 25 years, there's going to be a billion people that are displaced.
So you could call that homeless for the most part. Many of them will not have identification. We ought to
start working on that somewhere. And I know competitors to me who have different ideas
about the same problem, thankfully. So it doesn't just depend on whether our ideas and implementation
are good
enough. I think it's going to happen in the what's the real power of the 21st century is social
entrepreneurship. Totally believe that. Totally believe that. It's not altruism. It's not
hope. It's not utopia or any of that stuff. It's really really practical let's just get on with it and do the
things we know how to do so example this this project i'm mentioning to address this problem
in the hands of in the hands of an entrepreneur sorry i didn't turn off my whatsapp no worries
um and in the hands of an entrepreneur uh you know, we look at solutions, right?
And I am not.
There you are.
We look at solutions.
So, okay, can we make water from the air?
That's a yes.
We have so much water untapped in the air that we can extract only using generators powered by the sun that we can make water in the desert.
There are some people who just heard what I just said.
That's a revelation.
I mean, that's a before and after as far as I'm concerned.
Water scarcity is the biggest driver of conflict in the world.
Bar none.
And so if we can solve that, we have an implementation problem there.
But if we can get water from the sky, then we can make food.
And if we can figure out how to turn waste into nanomaterials and recombine them into other materials for construction with carbon and all that stuff. We know how to do that now too. So if we take all of these tools and put them together and 3D print them into a home of 2,500 square feet that four people can live in
and have it even be able to live on water or land and be able to combine together with others in a
pod, well now you have something that's legitimate that people could actually live in, and you could actually have it produce income. So you could have a sustainable business model
to literally give people homes. That can be done. And I've got competitors who want to do it too.
Right? So we live in a world of Jimmy's, we live in a world of Daniel's and everybody here on
listening to this, or you wouldn't be listening to this. We're all part of this generation that's just taking, you know, we're in different chronological generations, but you and I are in the same generation of humanity, right?
To say, how do we now put this to work?
And it begins by making agreement after agreement after agreement after agreement.
It does not happen by alignment alone.
Alignment alone does not pay the bills, but agreement does.
Amen. Amen to that. I love it. So I want to learn a bit more about your journey towards
Impact Launchpad. I'm in complete agreement with you that social enterprise is the future,
and that's how we can really scale solutions around the world. So what gave you the idea to do
impact launchpad, and how did you go about starting what this is?
So I first came up with the concept of the Bank of Humanity, what we now call the Bank of Humanity, which is a project to create an investment bank that people like you and I in the future can use for our projects.
We can go into that later or another time or whatever.
But I came up with that first.
If you go back to impactlaunchpad.com on the Wayback Machine, you'll see that the statement of the company was how to make it safe to invest in humanity.
you'll see that the statement of the company was how to make it safe to invest in humanity.
Because our theory is that if there's 500 trillion of wealth we know how to count in the world,
and there's 30 trillion of a gap in sustainable development funding over the next five years,
half of that in climate, we don't have a money problem. Right? Just like you were talking about
the food. You get the point, right? So when you used to look at impactlaunchpad.com, that's all you see
is the cause of the company. That's now on a link on our site called bank. You can just see a link
devoted to that project, the bank of humanity. But what you'll see on impact launchpad now
is we created a company around developing projects that we wanted to use this bank for. And we
develop projects as many of my competitors do on a case-by-case basis. Some are fee-paying clients we have, some are pro bono, some are people we take an interest in, and so on and so forth.
And we serve as not a crypto launchpad only, but a real-world launchpad where we take ideas, projects, and clients,
and help make their ideas reality by basically a blend of management,
consulting, investment, banking, and incubation kind of all rolled into one smoothie. And we have
intellectual property about how we help them do that. And largely it's about how we formalize
communications into product, both products internally as well as externally. Sometimes
the most important
intellectual property a company or an organization has that they have not yet developed is their
internal culture. If you think about is there enough, is there enough is about a culture of
culture. Like when we do that professionally, which we kind of take the same sort of ethic
into business, if we run into a company that's stuck or a project that's stuck for some reason, where it's very obvious
how valuable it is, but people don't understand it. It's usually
about the internal communication before it's about the external
communication. So impact launchpad exists to develop
projects, some of them are client projects, even our
universal income project, we're intending to launch as part of
the agreement economy. Our version of universal income
was a client project, not my own. Our community project development app, which Sean has already
written quite a bit of without realizing it, is called Humanity. That's a client project,
where the treaty is something we generated and the 100% project is something we generated in the Bank of Humanity. So we're there to serve proliferation of projects. The incubator of
Impact Launchpad gave birth to the agreement economy, which is an incubator of its own.
And the Bank of Humanity is really a financial support system to launch independent impact funds
and each one of them would be like its own incubator. So we're just incubation machine here.
That's what we are.
Wow, incubation machine.
I like the culture of cultures, culture of cultures.
Sometimes when founders start organizations, cultures are something
that kind of just happen, but I think being very intentional about that
early on could set you up, like you said, that could be your number one IP. So what should, yeah?
Well, I was just thinking there's two things that focusing on that does is it allows you to focus on those core things that you'll never compromise on in making
agreement because they're your core values and your identity and who you are and if you don't
I recently had an opportunity I'll just say right here on air to
me one of my childhood heroes of pop star to endorse what we're doing
like I'll tell you offline who it
is, so I don't have to embarrass anybody, but it would be world changing that this person would,
you know, be endorsing the, is there enough conversation? It's a, it's a figure of
undisputed peace in the world. And we're about a peace treaty, right? But, but the conditions
in terms that it was applied to was a way that would not have been within the spirit of our culture.
And I'm like, I'm Mr. Yes, man.
I try to say yes.
I literally tell people that's my job is to say yes.
But if I have certain things I have to say no on, I need to know what those are.
And I sometimes tell clients who are struggling to get clients, if you first define which clients you won't do business with, you're going to find you're going to do more business with the clients you're really looking for.
So that's the reason for that. Got it. Got it. So the reason is to really
make a decision-making framework for yourself almost so that you're always in true to those
most important things. Values, right. Which is when you talk about prompt engineering and everything else like
that, that, that Sean was talking about, right. That there's more to it than just what I'm
asking chat GPT. It's like, what am I asking myself before I even ask? And sometimes, by the way,
it's a really powerful tool to ask chat GPT. What could I be asking you myself about this that I did
not know how to ask everybody should write that one down on any topic you're searching.
But that's really what we are, is about framing the questions in the best possible way,
both in life conversation and in digital conversation.
Right, right, right, right, right.
Okay, and so, yeah, so how, what's the, without getting too much into your secret sauce, what is the process for creating the best cultures and those decision making process?
Is it like, you know, should the co-founders kind of get together and get clear in their values first?
And then how do you then make sure that that's proliferated as an organization scales?
And how is culture ultimately created?
Number one, everybody has to ask if culture is important enough to care about itself.
That's what I mean by the culture of culture.
And if you think about this on a wider societal aspect,
while politics and that sort of world order and nation state thing is obviously
crumbling. At the same time, what is going to be the response is to build cultural institutions,
not political ones. And if you look at it, it's kind of a meme world anyway, right? It's all
meme-ified. It's all really politics is an extension of culture. So wherever you have
agency is on culture itself.
And I think like for corporations and founders and professional institutions and unions and, you know, churches and synagogues and all of them to sort of raise up their level of culture,
of decision and definition about the things that are absolutely crystal clear as your North stars.
about the things that are absolutely crystal clear as your North Stars.
And then have as few of those as possible.
Myself, I try to have as few of those as possible.
Number one is sort of my culture of culture.
Also, one of my cultures of culture is am I willing to give benefit of the doubt to the others?
Am I willing to accept that when we have conflict and mean it, even when it's incredibly difficult
to accept that conflict is a natural order and it's not a reason to turn into drama and upset,
or if it even is in drama and upset, that doesn't need to be more drama and upset.
You know, like in the non-war way, we need to sort of accept things and lower the escalation a little bit and get back to solution and recognition where we're on the same page.
I'm on a recording talking about this, but just to put it in references, if an accountant and a marketer are working in your company for you, they can either be at each other's throats or they can be supporting each other? Do they? If one thinks the other is a dreamer, and the other thinks the other has no vision, they're
right. But can they sort of complement that towards your
vision? If you were clear enough with their vision, and you were
able to enroll them, which Jimmy, let's talk about you in the
third party for a moment. Are you a pretty good enroller? How
valuable if you had to take I'm only gonna give you Jimmy's
great ideas or Jimmy's ability to roll,
which has more power. I'm glad you have both, right?
I'm glad that you have that spirit of love from the time you're four years old to
give you this special appreciation that I'm able to live through you,
but it's your ability to go out and enroll. And, and Marsha Martin,
who's probably something you've never heard of, but a really instrumental person in the history of human transformation and potential,
says that the first step of transformation is enrollment, to which I would say I have to be enrolled first as a leader.
And I have to be willing to enroll everybody else.
Are we willing to make this a priority, even though we're a brand new company and we could work that out later and let somebody else come in and figure that out and
you know culture is not for the outside culture is for the inside first
well just for the inside first makes a lot of sense yeah okay got. And then when we try to scale impact, because any impact is great,
but ultimately we're going after massive challenges here that the world is facing.
And when social enterprise, sometimes it can be daunting for people to think about
how massive the problems are that we're setting out to solve.
But that requires scalable solutions, right?
And trying to reach scale.
And I think you were thinking really big as well
about how do we get humanity on board with things.
What would you recommend to a social entrepreneur
that's trying to scale and that's trying to think big
and take huge leaps towards making a scalable impact?
Well, let me let me transplant my own story a little bit and see how people can relate to it
in this way. I was past my 50s already when I came up with the idea of what's now
flourished into the bank of humanity, but it did not become that instantly. I only had the idea of what's now flourished into the bank of humanity, but it did not become that
instantly. I only had the idea of how to prove that you could de-risk social impact investment
in this model I have. And I was going to prove it with a hundred million dollar fund. And I had
everything in works to do that. And I was starting to enroll people towards this nice little
demonstration. I thought maybe I'll write a book or do a documentary and sort of demonstrate to the world how this could be done. And somebody says to me, and that poor guy had to listen to my
pitch for like 10 hours to try to figure out and explain what I was thinking about over a bunch of
whiteboards and everything. He was very patient with me. And when he realized what I was up to,
he everybody needs somebody like that it just really willing to listen to you in the beginning
everybody needs somebody like that to just really willing to listen to you in the beginning.
and because this is also for a founder i was really willing to listen to him in return right
he said to me daniel he said what if it was like an sba loan for social impact what do you mean he
goes well you go to the sba 80 of it is covered by the government so there's a lot less risk for
the bank to support it and sorry what's SBA real quick?
Thank you for clarifying
Small Business Administration loan in the United States
In the United States they have this program
where up to now
the government has covered
80% of the risk if you qualify
for a Small Business Administration loan
There's certain requirements for that
And he said what if it was
not 80% but 100% and what if it was not 80%,
but 100%? And what if it was sponsored by the World Bank? I didn't know anybody at the World
Bank when he made this statement to me. But I went home and I didn't leave my bed for two days
staring at the ceiling other than getting food, recognizing that all the work that I'd put into creating this
model really would be far more valuable at a massive level than just trying to do this one time.
And I just had to like, as if you're on a roller coaster, you know, going down and you can't stop
anymore. You just have to go with it. It was like, I realized everything I'm doing right now that is
more than six years since this moment. And what I have to
tell you is along the way, the agreements that happened is I just said to myself, I don't know
anybody in the World Bank. I barely even know the distinction between them and the IMF. I'm not
connected in that world whatsoever, even though I was an active social impact producer already,
but I didn't have that level of gravitas or anything. And I said, but if I can come up with a plan that's so compelling that they could not possibly say no, then I can get them on board.
And if I can do that, I can really transform this.
Right. And so I set this agreement as the agreement for me to get.
And then I realized I have to build a whole other bunch of agreements on the way there. I started mapping out what those were.
And I counseled myself that, you know, if I write a movie for Bruce Willis, let's say,
and I end up putting Sylvester Stallone in it to take, you know, two characters from, you know,
years ago that I could relate this to, it doesn't matter.
It's a writing tool.
So I said, if I don't get the World Bank in the end, I'll get some other institutions step in and
play the role that I'm asking them to play. And I started
building all the relationships around the business plan for
that. And one year later, I was in business with at that time,
the World Bank's top crypto advisor, which is in 2019, and
made enormous amounts of relationships through that world that I count
on today, including like a UN Human Rights Commissioner and
the Premier Bermuda, who endorsed us very early on the UN SDG
Joint Development Fund has had their eye on what we're up to
for quite a while. Actually, I can tell you that impact
launch pads first email form request for
somebody to talk to us was from the UN SDG joint development fund.
That's a true story.
Um, and, uh, so, so my, my relationship to the question that you asked is I had a
definite ness that I was after.
I didn't know how to get there, but the definiteness preceded the, how to get there but the definiteness preceded the how to get there and i perturbated on how and how
and how and how until i could write that story and figure it out and i was able to developing
a strategy enough to to get me there and part of that story was the discovery of this is there
enough question as being something that everyone could relate to not just people looking at the
world game from an investment perspective,
the way that I was. And I'm not a finance professional. Neither is the founder of modern monetary theory either. He comes from outside of that game. And I relate myself to him because at
this moment, I'm beginning to be taken seriously through the actual model of the Bank of Humanity
that we haven't talked about here today. But enough people have gone through the actual model of the Bank of Humanity that we haven't talked about here today, but enough people have gone through the scrutiny of it to know that I have a circular investment
model that has no holes in it because it's supported by a new form of insurance. Insurance
to the point in insurance. Now, let's think about that, that if I wanted to invest money
in scaling people like Sean, I could do it without any risk. No risk. Think about how much bigger
and more fruitful this world would be if you could take all the innovation out there and have this
fluid market that could invest in that and handle losses as well as successes, just like you insure
hurricanes after the fact. That's the real invention of the Bank of Humanity.
the fact. That's the real invention of the Bank of Humanity.
How does the insurance part work? Who is insuring it?
So I'll answer that in this frame first, before I set up who is insuring.
I want the jimmies of the world five to seven years from now and along the way the pieces in
between but as a normal routine thing would be able to apply to have access to a hundred million
dollar fund for the purpose of largely impact investment but innovation generally that you
would apply to run and manage and direct
the social impact investment of that $100 million fund, which is in an SPV, a special
purpose vehicle, an entity, a company that we called ownerless before we knew what a
DAO was. So it's obviously now a DAO. And this DAO will give you, under certain terms and conditions of how it has to operate,
will put $100 million of capital into your hands to manage.
And we'll give you five years to invest in as much social impact as you can.
And at the end of five years, you will simply have had to make it positive.
It will have to serve two sets of
stakeholders, bondholders and collateral holders. And both of
those being satisfied, as long as you can get it to be worth $1
more than $100 million at the end of five years, you, Jimmy,
from running that will have gotten a very big payout for
yourself. That is your personal incentive in running that fund.
If you get it to be worth $120 million and it started with a hundred,
that fund will now go on and be a $20 million fund in perpetuity to whatever it
can grow or fail after that on its own. And so this machine,
this five-year machine that you're coming in and doing your part in operating,
what you're setting in motion is a perpetual impact investment machine.
And that's a $100 million container.
And that $100 million container is meant to be one of thousands and thousands and thousands
and thousands and thousands of those, right?
You would be proposing a game plan.
These are the projects I'm going to invest in.
There's a management team I'm bringing in. This is exactly what my game plan is about. And there would be some governance that would approve you for that and so on. There'll be education about how to, you know, apply for that. I want to create a kind of environment where a, in my generation back of my parents' generation, let's say a Peace Corps volunteer mindset, which might be people like you and I
in another generation, don't have to quit after five years and get a real job. They can live their
whole life in social benefit and actually benefit themselves financially as well in a reasonably,
very reasonably way, not massive way, but reasonable enough to live very well.
but reasonable enough to live very well. And so that kind of environment would be based on,
solely based on my ability to sell collateral holders to pledge collateral to this bank in the
same way that we think of staking in the crypto world. And the thing that staking teaches us,
in the crypto world. And the thing that staking teaches us, farming and liquidity pools and all
that stuff, is that capital loves capital, just like people need people. And so what I set out
to do was create an incentive for those of the ultra high net worth capability that normally
people like me are knocking on the door on and going, hey, look at Jimmy's project. Can we put some of your, you know,
if you're a really great social impact family office, for example,
you're probably committing one or 2% of your total net worth
to the Jimmy projects of the world.
And I and every other social impact producer, investor, fund manager,
whatever is knocking on their door to do that.
I'm going to come to them instead and I'm going to say,
I'd like to create a new financial product
in our good friend collaboration with you.
And I'm going to say that if you allow us
to pledge your existing assets against this bank,
and I'm going to pay you for that privilege,
I'm going to pay you 3% a year in an insurance premium.
Let's say that same family office, the other 98% of what
they have is in real estate. I mean, I know these people, right? We all know this fact, real estate
and fixed rate products. And the investment managers are paid to not lose money. They're
not paid to grow. They're paid to not lose money. That's their profession. I've had that said to me
specifically. And so what we say is, let's say
you have a portion of some fixed rate products in some bonds and T-bills and muni bonds or whatever
the heck they're in in your fixed rate portfolio that you'd normally never use for social impact.
If you pledged as collateral to this bank, we will pay 3% additional on what you're already
earning. So if you're getting, let's say 5% on that pool, now you're getting eight
because you pledged it to our collateral.
Now, when I go sell a bond against that to a bond holder, I don't have to sell it
to an investor, just like in World War I and World War II when we had war bonds,
which are, in my view, existence bonds, right?
And I'm saying these are existence bonds we would be selling, humanity bonds, right?
Survival bonds.
As we would say to the average man on the, the way your grandparents invested in survival,
you can invest in survival.
You have the government standing behind it, but I have something better than the government.
I have dollar for dollar collateral.
I have something better than
what's called in the United States, the FDIC, the Federal Deposit Insurance Corporation. Australia,
you have another version. And in Europe, it's called the Resolutions Board. There's about 50
of these regional deposit insurance corporations, which have their assets guaranteed by insurance.
So I'm recreating that insurance with private assets at a hundred cents
on the dollar. And so instead of having a limitation on how much your assets are protected in a deposit
insurance corporation, there's always a limit. There's no limit in ours because it's by actual
collateral. So at the end of five years, if somebody bought a bond, and the fund this, you know, ownerless impact Dow runs out of money is not capable of paying the full
collateral, the full principal back to the bond holder, the collateral holder
has to pay it. I have already successfully sold those collateral holders in
enough cases to know that they want the deal, because they end up getting
access to certain other benefits in that kind of situation that it might be hard for me to describe on an audio only, but without a
visual. You know, you and I can make a video sometime and go through and explain it so
people are super clear. But there's such a benefit in what's called, you know, a turnaround
situation like that. If at the end of that five years, instead of being worth 120, you went and managed this $100 million fund, and sorry, Jimmy, you only made it worth
85 at the end of five years, that $15 million difference that the collateral holders would
have to meet in order to make the bondholders whole allows them to have access to assets that
they get to own that they never would have owned before. And those assets are very interesting in that scenario.
So it's really a circular impact investment economy.
And we're starting with a billion dollars over 10, 100 million dollar funds about 24 months from now.
And the agreement economy that is the 100% project is going to be part of the collateral staking of that project,
along with the World Bank, along with some family office, along with the government of Bermuda, and some involvement
of the joint SDG Development Fund. That's how we create the collateral. Okay, so there are
those groups you mentioned, Bermuda family offices, funds and such that would back the bond,
the, yeah, the bond, which ends up being an investment vehicle for,
oh, you said it's like $100 million funds, like these things.
Yeah, $100 million fund units is the reason for that
is it's large enough to create some impact, right?
$100 million in your hands for five years, we do an enormous amount, right? So it's large enough to make an impact, but if it fails, it's not a big impact.
It's a perfect size for that. And we call this the 100% project and the world game is how to make
the world work for 100% of humanity. And these funds are in $100 million units and we're out to
get 100 million signers of the treaty, not a billion and not 6 billion and not every human being just issuing 100 million certificates. And that's just basically where
our brand identity comes from. We don't think you need everybody to make the world better. You just
need enough people to make the world better. That's right. And in the case of not replenishing,
then those funds would cop that. But because they're gaining access to other assets,
other benefits, they're okay with that scenario.
Let me be specific on two things.
Number one, if I am successful or not successful
getting this collateral agreement,
the bank does or does not go forward.
It's that and that only, right?
Yes.
So I have to prove that.
Second is when a bank fails and an FDIC comes in to take it over, make all the depositors whole,
they then have the assets of the bank and they have to make a decision.
Are we going to shut it down, merge it with another bank or bring in new management and turn it around?
other bank or bring in new management and turn it around. And so there are benefits in that
situation for the FDIC over time as well, which they can sustain over time. You know, they get
their money back at the end. They're just basically creating time. This is the thing is we don't
really understand what money is. We don't. It's built by agreement, like I said, right? There's
never been any type of money we ever invented from the Phoenician times to now.
And obviously, blockchain is totally an agreement economy, a consensus economy, which is why I'm able to reach non-crypto people also, because I'm having a conversation about trust and agreement, which is what blockchain was supposed to have solved was a trust problem and has not solved.
Despite the technology being
quote-unquote trustless. It's trustworthy in my view but we have the ability to print
endless amounts of money if we print it effectively, correctly and invested in the
right things to the level of what the human economy can support.
There's not some little amount of figuring out some money sitting in a central bank that we just
figure out how much we can allot. It's all, they're all printing money and burning money,
just like we print tokens and burn tokens. That's, people don't know that when you send your money in
taxes to the US government, for example, they burn that money. They don't put it in an account.
Like it looks
like that, but it's absolutely not the case. That's why I referred to modern monetary theory
before. So what we're talking about doing is operating from the principle that abundance is a
norm. And scarcity is man made, and man tolerated, and very real. If I don't have enough money to buy bread, I don't have enough
money to buy bread. There's nothing that's going to change. No amount of abundance thinking is
going to change that. But I can recognize that it is conditions which we have agency over if we make
enough agreement. Because if I don't have enough money to buy bread, and you're my friend, or I told you a joke, or whatever it was, and you gave me some of your
bread, that's a form of wealth. It really is, right? It's not as convenient as cash is. But
if we only focus on the cash and not on the wealth, I think we keep in this destructive cycle.
Does that make sense? That does make sense. I love it. Thank you, Daniel.
I appreciate you.
We definitely got to do this again before Let's Go Live ends.
Sure.
I'm still so confused if Will T's hand is actually up.
No, this is just his new profile picture now.
But yeah, thank you so much for coming through.
Anything that I haven't asked so far that you want to share before we conclude this interview?
Anything that I haven't asked so far that you want to share before we conclude this interview?
We should drop this on here because it affects the way people know your and my story as well.
You and I have recognized a broad range of collaboration, not only on your project now, but a bunch of other things across the board.
now, but a bunch of other things across the board. We're making some very big moves as
Impact Launchpad now, not as the agreement economy or that, but Impact Launchpad to
make a big play in carbon credits. I think there's going to be some historic announcements
soon that maybe I can come back and announce when we're ready to do that very soon. And we see our connection to you as exemplary of that, that I think everybody
listening, as somebody said to me recently, like, carbon is a
business of the future. And you're part of that economy of
demonstrating that, you know, it's what we value that's worth
paying for. And it's worth paying for and it's worth paying for
what it is you're doing because you're generating something that is proof of value it's proof of
planting proof of trees but it's proof of value that we can recognize and identify and uh
i think that the incubation that we're looking to do, you and I, is not only with you, but other projects that you and I are talking about as well, including many that are on here.
So it's a big future there.
Very excited.
Very, very excited for everything that's to come, Daniel.
I'm so grateful that we got connected. I really am because yeah, it's, it's going to be, it's going to be incredible.
All the different things that can happen from, from yeah, large scale restoration to breaking
more world records and fueling that with not just potential avenues to funding, but also the amazing
expertise and wisdom that you're, that you have that we were able to share a bit of today. Yeah.
Go ahead. I just realized something that if my partners were watching you and I talk
and realized I had said nothing about the human rights wallet, they would be aghast.
And the only way to drop that is that the Treaty of Humanity that we're releasing
as part of the agreement economy, which will take off in earnest in September based on money we've raised to do
that with. It'll be available in private sales.
There's a telegram related to it that you can find on
isthereenough.org slash socials. You'll see all of our socials there.
Please everybody follow them and help us be known in the world.
That would be appreciated. Our YouTube as well. Isthereenough.com slash socials there. Please, everybody follow them and help us be known in the world. That would be appreciated. Our YouTube as well.
Is there enough.com slash socials?
It's .org.
.org.
.org. Is there enough.org slash socials? Okay.
Yep. But I do want to say that the Treaty of Humanity will be part of the human rights wallet,
which will also be a hub of activities of commitment besides the treaty.
I would like to see that your organization has its own commitment at some point that you can
build on top of our commitment tech is what it is, treaty tech. And everybody that has their own human constitution of whatever kind can use it to establish their own, you know, soulbound NFTs like you've talked about, dynamic soulbound NFTs that they can communicate with each other on and us and everything else.
It can be a hub of activity using things like litter maps and other things of that kind where people can really
get together and collaborate. And that will be all centered around this human rights wallet,
which will have money. It'll have, you know, regular NFTs, let's say, are, you know, collectibles
and your rights and commitments. And I see all of the people in
these organizations that you and I are interacting with, they all have a cause, they all have a
commitment, and they're all out to, like I said, transformation begins by enrollment. So this
gives an activity of enrollment that's going to exist in the agreement economy. So I'd love it
if everybody would follow those socials and help bring some attention to that. I think it'll be
well worth you saying,
hey, I saw that first kind of thing, because not a lot of people know about this yet.
Right on.
All right.
Well, yeah.
Looking forward to doubling deeper.
Thanks.
IsCarnup.org slash socials.
Yep.
Human rights wallet.
Let's grow.
Thank you again, Daniel.
Appreciate you.
You too, man.
Yeah, let's continue these discussions
over the next till
16th. We got eight more days
of broadcast.
I'm going to get you a few other interviews too.
Okay, bye-bye.
Amazing. Looking forward to it. All right, take care, Daniel. All the best.
You too. Thank you.
