AMPLify your Thanks this Holiday Season with Quadratic Funding!
Gitcoin Grants is the place to #fundwhatmatters
Co-Incidence of Wants: When two parties swap mutually desired goods or services, resulting in simultaneous fulfillment
With the AMPL-SPOT Protocol at the Heart of the Archimedes’ Lever, we can build a web3 Assembly Line so that it comes to you - instead of going to the Assembly Line, which is the status quo today.
AMPLify your Thanks here! - #GG19 Round ends 11/29/23
Funding this Gitcoin Grant will establish an immutable link between your (self-custodial) Digital Wallet and the Archimedes’ Lever on Ethereum’s Decentralized Network. The process entails completion of steps that will sufficiently acquaint you with web3 (e.g., creating digital wallet; acquiring Gitcoin Passport & creating Decentralized Identity; bridging funds to Public Good Networks from Main-Net; etc.). A donation of $1 or more to any qualifying Gitcoin Grant will be matched by the Quadratic Funding match bonus algorithm, thereby AMPLifying the contribution!
A Co-Incidence of Wants: You might not realize it now, but this will be clear through hindsight in the not so distant future. If we encounter another Financial Crisis (see more below), then your link with the Archimedes’ Lever can be a life raft. In the Regenerative Finance space, this is known as Retro-Active Public Good Funding (RetroPGF).
Importantly, we will be doing Public Good by helping to raise awareness about web3 technologies, AMPL-SPOT System, and various innovations that can change the lives of the many people who are financially crippled by Inflation.
Personal accounts of Inflation struggles (sample list out of an ocean of such instances):
Teacher’s account; education was underfunded even before Inflation
Why is this happening?
The Emperor of all Maladies
By analogy, Central Banking is best understood as a Cancer to Society. Not only does this economic regime take what is yours, but it does so at your expense. It is important to understand that when you deposit Money into a Bank, it no longer belongs to you because it has been loaned out.
Remember what happened the last time Banks went underwater?
Like a Cancer, it mutates and grows stronger with leverage (Fractional Reserve Banking). The Cancer secretes - excretes - poison in the form of toxic debt, like the Subprime loans that caused the Housing Bubble and 2008 Global Financial Crisis.
When the House of Cards collapses, we - the taxpayer - are the ones left holding the bag as we pay for the damage with Money Printing & Inflation. This Risk can be diversified by moving some funds under the self-custody of Digital Wallets in web3.
Today, “The Big Short” 2.0 is playing out. This Cancer has metastasized from the Housing Market to the entire financial system. The Banking Sector is underwater with unrealized losses resulting from the purchase of U.S. Government Debt during the pandemic. The Risk is inherent in the Unit of Account of itself; i.e. the U.S. Dollar.
So if the AMPL-SPOT system is such a great solution to Inflation, how come you are not hearing about it?
Like the Banking Industry, Mainstream Media is also a Cancer to Society. It benefits at your expense; it only extracts Value to enrich itself. Without our Attention, the Cancer cannot survive.
We don’t need anything mainstream, nor do we need central planning. The strength of America lies in our ability to think independently. This is how our Great Nation was founded; these are our Roots.
Let’s exercise our Freedoms and #fundwhatmatters - #GG19 Round ends 11/29/23
Each Element above maps on to Financial Primitives in web3 (more info here). As mentioned in a previous post, there exist rich mythological narratives to contextualize the emergence of this Value Layer of the Internet.