Crypto Altruism Podcast Episode 168 - Scaling Localism with Web3 and Hyper Local DAOs
In episode 168, we’re excited to welcome Mark Pascall, Co-Founder of The Wellbeing Protocol, an organization on a mission to build a world where local communities are empowered to support their own wellbeing. We discuss how their participatory grantmaking tool is giving communities the power to allocate capital, the role of quadratic and conviction voting mechanisms, the future of hyper local DAOs, why Web3 is a powerful tool to scale localism, and much more!
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Three Key Takeaways
One of the best ways to reallocate power from large corporations and institutions to local communities is by bringing communities onchain as local DAOs. This gives communities a mechanism to allocate capital, make decisions, and coordinate to limit the power of large institutions.
Conviction Voting is a coordination tool that allows communities to collectively govern shared resources. In this system, individuals can vote over a period of time, and are able to change their vote at anytime. However, as long as an individual doesn’t change their vote after it has been casted, it is a signal that you have strong conviction, and the power of your vote grows.
In addition to the value of putting local community organizations onchain, one of the other benefits of web3 is all the open-source experimentation happening in the space. Since web3 is so new, it gives communities an opportunity to experiment at the ground level with new mechanisms for coordination and governance.
Follow Mark and The Wellbeing Protocol
Twitter - The Wellbeing Protocol
Episode Time Stamps
03:00 - What was your “Ah hah” moment that first got you excited about cryptocurrency/web3?
04:45 - To start things off, can you please give listeners an intro to the mission of Wellbeing Protocol?
05:40 - On your website, it mentions how “We believe that decentralisation technologies now give us the ability to scale localism and build a public good infrastructure that can used by communities around the world to support their own wellbeing.” Let’s dig into that a bit.
08:55 - An important aspect of this vision is capital allocation for public goods. I’d love to hear more about your participatory grant making app and how it gives power to communities to allocate capital.
14:15 - Can you tell me more about quadratic voting and conviction voting, and how they are incorporated into the participatory grantmaking tool.
21:40 - I understand that you have conducted a couple of trials of your participatory grantmaking tool. Can you tell me more about the trials and some of the takeaways from them?
26:05 - On your website, it mentions how “Our end goal is to create hyper local DAO’s. Each DAO would be owned and controlled by the members of the local community that it serves”. Tell me more about this.
29:50 - What makes Web3 a valuable tool for coordinating communities, especially at the local level?
32:15 - What’s the best way for listeners to get in touch and learn more about Wellbeing Protocol?
34:50 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
