Why Decentralized Governance Matters
The Yoruba Tribe in Nigeria is credited with the origination of “esusus”, commonly referred to as “sou-sous” in the United States. They’re community-based savings clubs, where members contribute an equal amount of money periodically over a “cycle” and gain the right to withdraw the total monthly contributions once per cycle. Esusus can be dated back to the 1770s when the system was used by Oyo traders. In the case where twenty-four community members contribute $100 per month for a twenty-five...
Why Decentralized Governance Matters
The Yoruba Tribe in Nigeria is credited with the origination of “esusus”, commonly referred to as “sou-sous” in the United States. They’re community-based savings clubs, where members contribute an equal amount of money periodically over a “cycle” and gain the right to withdraw the total monthly contributions once per cycle. Esusus can be dated back to the 1770s when the system was used by Oyo traders. In the case where twenty-four community members contribute $100 per month for a twenty-five...
Why I'm building a group economics platform on Ethereum
I remember writing personal finance blog posts in my West End Atlanta apartment with almost translucent walls. You could hear every argument next door. I can still hear the volleys of rebuttal. I blogged about building wealth while I was living paycheck to paycheck, months after getting fired from my first startup job in Miami. I wrote around 40 pieces of personal finance content from the end of March 2017 to the end of August 2017. During that time, I jotted in a Google Doc last edited on Ma...
Why I'm building a group economics platform on Ethereum
I remember writing personal finance blog posts in my West End Atlanta apartment with almost translucent walls. You could hear every argument next door. I can still hear the volleys of rebuttal. I blogged about building wealth while I was living paycheck to paycheck, months after getting fired from my first startup job in Miami. I wrote around 40 pieces of personal finance content from the end of March 2017 to the end of August 2017. During that time, I jotted in a Google Doc last edited on Ma...
You thought I was banking you?
The rundown951 days. That’s the longest span between U.S. bank failures since 1933. Before March 10, 2023, it’d been 867 days since the last U.S. bank couldn’t pay the piper. The closure of the Silicon Valley Bank (SVB) not only affected depositors but also had residual effects on the blockchain industry. The closure of the bank affected over 37,000 small business owners that held more than $250,000 in deposits. Without intervention, these business owners would have no access to the funds nee...
You thought I was banking you?
The rundown951 days. That’s the longest span between U.S. bank failures since 1933. Before March 10, 2023, it’d been 867 days since the last U.S. bank couldn’t pay the piper. The closure of the Silicon Valley Bank (SVB) not only affected depositors but also had residual effects on the blockchain industry. The closure of the bank affected over 37,000 small business owners that held more than $250,000 in deposits. Without intervention, these business owners would have no access to the funds nee...
