Steps to Launch Vouchers: Difference between revisions
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Link to Will’s substack [https://willruddick.substack.com/p/cultivating-the-future] | Link to Will’s substack [https://willruddick.substack.com/p/cultivating-the-future] | ||
First read this [[Introduction to Commitment Pools]] | |||
Inreach: Gain a deep understanding of the process. Work closely with one or two others to master the creation of Vouchers and Pools. This foundational knowledge is crucial for building trust and ensuring the system's integrity. | Inreach: Gain a deep understanding of the process. Work closely with one or two others to master the creation of Vouchers and Pools. This foundational knowledge is crucial for building trust and ensuring the system's integrity. | ||
Latest revision as of 07:34, 10 August 2024
Link to Will’s substack [1]
First read this Introduction to Commitment Pools
Inreach: Gain a deep understanding of the process. Work closely with one or two others to master the creation of Vouchers and Pools. This foundational knowledge is crucial for building trust and ensuring the system's integrity.
Outreach: Share the process with others. Explain how financial resources will be seeded into these pools, and collaborate with other stewards to establish the rules—how often assets/funds will be added, how much, and so on. Help people and groups understand how to create their own vouchers, empowering them to take part in this new economy.
Curate: Carefully select the Vouchers of service providers that you value. This step is akin to choosing the right plants for your garden—each one should contribute to the overall health and diversity of the network.
Value: Assign relative value to those vouchers. This process ensures that each commitment is recognized for its worth within the community, creating a balanced ecosystem of exchange.
Limit: Establish drawing rights for the vouchers. Determine how much the pool can hold of each asset and how much individuals can contribute to pull out assets. This step is crucial for maintaining the pool's stability and ensuring fair access to resources.
Enable Exchange: Create the pool and add some initial seeding funds and vouchers. This step brings the system to life, enabling the exchange of value within the community.
Inreach: Test the system personally. Make sure it's functional and useful in real-world scenarios.
This hands-on experience will help you refine the process and address any issues that arise. Keep gardening (Commitment Pooling Protocol functions: curate, value, limit and exchange). Learn more about how other people are pooling.
Outreach: Let people know about the system, especially emphasizing that they could have interest-free credit to a market of resources—including their own. This is where the real growth happens, as more people join and contribute to the network.