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FYI one of the links seems broken for the website?

Appears to prefix effectivealtruism

I see it discussed sometimes in AI safety groups.

There are, for example, safety oriented teams at both Google Research and DeepMind.

But I agree it could be discussed more.

You're right that I expect there is a large group of both people and money who I expect to be interested in this because it's on the blockchain which forms part of my reasoning. It also allows for better interoperability with existing Ethereum assets, which helps if you thinking making ICs liquid is important (which I do).

What I instead meant by the second point, however, is that moving funding to existing IC holders seems like it would be harder to do with traditional finance methods and easier with blockchain tech.

I haven't worked enough with traditional finance protocols, but it seems like the process of querying all holders of the IC and then making payments to all of them could be more costly and complex, even when using something popular like Stripe.

I agree that they probably have a good system in place for electronic tabulation, but museums generally don't trade art at high speeds across many, many actors.

And it seems desirable to have ICs trade at volume and speed, which I think museums probably don't have the specialized infra for, but blockchain does.

Having electronic tabulation means that you can allow transfers to happen quickly, and you can also disburse funds more quickly to holders of the ICs.

I would imagine that keeping a consistent record of who holds a physical item would take longer to verify and maintain.

I've been chatting with someone else who's been looking for an MVP of ICs to match some private funders and project creators.

We've also been in talks to collaborate with Gitcoin, a popular quadratic funding platform on Ethereum.

The short list of reasons is:

  • We both have fairly extensive blockchain dev experience
  • There's a lot of new capital and value creation in the blockchain space, and people are looking to fund public good projects. The community there is quite receptive to new market paradigms.
  • Transfers on Ethereum are fast and fungible with many other assets.

I think having a symbolic object could also be cool as well (and definitely welcome other projects looking to do them!), but the problem we're more focused on is:

  • Letting project creators issue them at scale and let them be highly divisible.
  • Allowing funders to retroactively fund IC holders.

Both of the above two things are much harder to keep track of with a physical object.

Oh, awesome, thanks for sharing this useful bit of context!

Thank you so much for taking the time to do this! Very informative and helpful!

Thanks for linking my Murphyjitsu write-up!

Slight correction to TAP's: They're typically referred to as "Trigger Action Plans" (and not 'potentials').

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