LittleFish Foundation Weekly, 12 Apr 2022

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From YouTube: Littlefish Foundation weekly Meeting 15

Description

Today we get a beautiful presentation from Cagkan about littlefish where he showcases some of their recent work and we talk about how people can get involved what is little-fish about but also going quite deep into colonies and other topics in the open discussion.

"Find a group of people who challenge and inspire you, spend a lot of time with them and it will change your life forever"

Agenda:
-- little fish presentation
- we need you
- Miroboard
--open discussion

Github: https://github.com/littlefish-foundation/
twitter: https://twitter.com/LittleFishDAO
Discord: https://discord.gg/38fn54Hqyq

A

Sure there we go.

B

I will start in a bit.

B

I've got a short presentation and then I'll show you uh what we've been working on. um I guess let's just get started.

B

So hello, everyone, I'm going to be walking you through what we've been doing for the past month, or so our fun date proposal uh and what we're going to be doing in the next few months and uh all about that. So at littlefish foundation we were all about one thing, and that is the little fish.

B

The little fish is the individual. It is the smallest minority, it is all of us and we have skills. We have uh abilities that we can contribute to it with um it is we have skills and abilities that we can contribute with, uh but today, in the world the little fish, the individual, don't live, the best of lives.

B

They live nine to five, they go to their jobs and they really aren't able to actualize themselves because they lack the control uh in their workplace they're working for uh for money, but they're not really doing the things that really makes them uh well, who they are they're, not doing the things that they truly desire and what we want to do is build a system that enables that it allows people each little fish to actually do the things that they love doing and actually make money out of it.

B

And this saying by roomie, as he's known in the broader world and mavlana, as we call him in turkish, uh really example exemplifies the type of person that we uh are building this thing for it says yesterday I was clever. I wanted to change the world today. I am wise. I want to change myself.

B

This is the type of person we want to enable so that that person can actually actualize themselves to chase the to try and become the best version of themselves and actually make money out of it. So that is what we're trying to build. But the thing is uh we're human we're social animals. We're not alone, so that's why, in our system we also have colonies.

B

Colonies are pretty much any group of little fish. They can be an idea, they can be a cause, they can be a project, it can be a business, they can be anything that is actually a representation of a group of little fish coming together to do something.

B

Actually, this is the first colony little fish foundation. We are building the system, so we are a project.

B

We are building the system for us to enable ourselves to actually build the system, so it is kind of a way of validating uh the system by building it by using it and what we want just like uh with little fish that we want to enable the little fish to become the best version of themselves.

B

We also want to enable uh the colonies to become the waste version of themselves, and this is example right on this quote, says, find a group of people who challenge and inspire you spend a lot of time with them and it will change your life forever, and that is what we want to enable for pretty much anyone to find on a platform that is one of the main goals, and that is that is actually what has happened with me and jim we've been working together for the past three years, a little more than three years.

B

We make a great team because he's the dreamer he looks into the future. He sees something amazing. He brings it back talks to me about it and then I'm the I'm, the a-hole that says no. We can't do that because I'm more of a realist- and I take things more practically and I I usually shut it down but say no. We can't do that, but this is maybe how we can do it. So that's why we make a great team, because together we can actually build something that is actually doable that we can.

B

We can imagine that we can talk about that is actually doable and what we believe is we have it. We have a method of doing this right now. We we got it all.

B

Thank you. So we gotta, we have a project that we think is very, very uh doable in three to four months. It's not that difficult. Technically, like we've got it covered. We don't even need to do smart contracts, we just we're going to use nfts, that's it it's very doable.

B

It's going to be we're going to be able to do it in a few months, but the thing is, the project is not just it's not just the website and it's not it's not a very small thing to do, and the thing is mvp is just just first, but what we really need is like a broader team. We need people to contribute and what we need is really is kind of you. We need a lot of skills, different skills, that we don't have.

B

We have a dreamer and we have a realist, but that's all we have. We don't have any much much else, so we need community builders. We need designers, we need writers, researchers, developers markets, so we need anything. That's a decentralized community building a project needs. We need a lot of skills, but so well really.

B

What does that mean uh in this system? uh What does that mean today? What what we need today- and that is uh when we ask what can I do to help build this thing- build little fish foundation? It's all about action. So if you've read the proposal or maybe come to our previous meetings, you know about this. The system is con consisting of three things: the little fish, the colonies and action. So the little fish come together to form colonies and they produce action.

B

Action is anything that is anything that can be done in the real world, but let's take some real, concrete examples for little fish today.

B

So if you're a designer, for example, you can design little fishes for for to be used in badges and nfds in stories uh you can, if you like, researching you, can research some statistics that we can use in the white paper and in other in other parts, you can write stories of little fish, because this is uh all going to be a gamified experience.

B

We need we're going to be telling stories pretty much all all over this place and we need some people that are actually capable of writing stories if you've seen the mira board, but we're not that capable of that.

B

So we need people to write those stories, uh so we need people to think of colonies that can be founded, so we can put those as examples once we have the system ready so people they get people thinking this way, because this is this is a brand new type of coordination like it doesn't exist, we're having a difficult time actually imagining it.

B

It's kind of hard to wrap your head around. So we need. We need a lot of things. We need even people to make memes because memes communicate ideas much better than much better than me talking.

B

uh So what we got right now is a loose structure. We don't really have a main task list that we're going to go and do do these things.

B

Sorry, we have a lot of tasks written in the my robot, which I'm going to show you in a bit, but at any time, if you've done something that you think contributes to this project, what I'd like you to do is just share it on uh discord and contribute, and what we're going to do if we get the fun date uh funded, funding which I think we will be getting, is uh actually distributing those funds to the actions that help build this build this platform, so we're going to be using the system that we're building to validate the system and to actually pay out to all the contributors who help us build the system, and that is the key to everything.

B

We're doing it's about action and the saying that I'm hoping is actually from pablo. Picasso is really uh outlining that so action is the foundational key to all success, and that is uh that is the foundational key to our success as well.

B

So thank you for listening to this. If you have any questions, I'd love to answer, if not I'm going to be showing you around to actually what we've been doing for the past month or so.

B

All right, then I'll go to.

C

Oh first of all, I love the graphics and the story. It's amazing and also the the mirrors thanks for sharing all of that, and thanks for all your hard work up to now,.

D

Absolutely great presentation, I'm stoked, to see what you guys are all doing.

E

A

It's short and clear, thank you for the presentation.

B

B

All right, so, if so, what I've done is put everything that we've done under little fish foundation under one board, so it is a little story that starts with the little fish: it's not the little fish, so what you can find on the sport.

B

If you come here and if you're, if you have a keen eye, you will see things like this, this is a call to action. So this is something that needs to happen uh if you're a designer you come in. You see something like this. This kind of looks okay, but it's not really that good. What we need is someone to design this better, to write a little better.

B

There's there's a lot of these lots of these all around you see these blue call to actions. These are all things that can be done that we need. We need someone to help do, and there are many different things that can be done here. So there are things like just telling the story. This is the maybe looking at this one. So this is some of our earliest work. uh Those of you who have been joining since three four months ago. Remember this from the previous board.

B

What we need is someone to come in and tell the story of this and also the story of what we've been doing in q1 20 2022 when we weren't building this, but we were just discussing what we can do uh so there are many different things that can be done here, but the gist. The main part of this is this bit, so this bit is really where the action is going and I'll leave it up to you to if you want to go in and check it out.

B

We talked about this specific bit last week as well, but what I want to show to you today is this bit because, as I said, actions are the crux of it: they're, the most important part, so these are the these are what has been done to actually make this happen, and these are the records of the work that has been done.

B

So, let's, let's go over what we've already done uh and I've added most of the things I think we've done in the past three to four months, but if you feel anything is missing from here that you would like to show here, please uh feel free to feel free to add it or put it on contribute. So we can add it for you for you. So this is the first proposal we we had.

B

uh This is the flowchart uh gem built early on. It has many of the ideas uh that we were actually going to be implementing. This is the first donation cycle that we worked on and then didn't continue it because it was very difficult to actually hold and do properly.

B

These are the platform design toolkit that gem has filled out, and these are all the different types of work and, of course, we held all these meetings, so that is work as well, that is recorded.

B

So what we're going to be doing is once we build this, we're going to be turning these into nfds of actually records of work that has been done and actually paying out to the contributors. Who did these.

B

To paying out to the contributors who did this and we're going to be doing that as we're building as well?

B

So this is the past and right now today, this is what has been going on and as we go on, we'll be adding more and more and more and more of these, and we hope this actually goes into a mechanical system that we can actually use in a in a few months, maybe two or three months, rather than just keeping the record here, but it is what this is is just the manual version of what we're building. So this is just experimentally, actually building what we want to build.

B

So that's kind of it for me uh as a broad summary of what has been going on if you're interested, please come and check this board out, there's a lot to do lots of blue little dots that you can. You can be interested in lots to do so. Thank you for listening, and this is all in the chat. By the way uh there we go.

C

Chicken, I said thank you for that. Again, I see there's some people, do you want some new people as well, or at least that I didn't see before that I hear or that I will not involve in some discussions.

C

Can you share what's the status of what you are building now, what specifically you are building and they already built the wallet and the nft is for action. Can you share where you are in building that? What's the status of that.

B

Sure maybe jem could share, because james jim is the one who's building it and I'm trying to work around all the organizational bits. So maybe yeah.

E

C

E

C

You're progressing quite good for for your initial product already right. Yes,.

E

Right now we are working on wordpress extension for little fish, so it will be easily can be easily distributed all over the world and all the colonies can use their own wordpress systems for using littlefish and for merging the colonies and checking other colonies. They will need little fish website for the little sufficient website. We are checking the technologies that we can use and we are right now pointing webassembly with cardinal serialization library and we are making the tests over that one. So why do we need that?

E

I can say it because we want it to be fully decentralized, the main system, and also we will be using that one for kardan after that, another funded project.

E

So we are working on the infrastructure part and I think we will be able to show something in a moment and we will be able to talk to iog for uh development of the nft marketplace and the tokyo mix. So this is our road map right now,.

C

So so, building the colonies infrastructure right. How.

A

Everyone can create.

C

A colony and then how you actually creating from each action in nft.

E

In fact, no yeah for the first part, there will be only one colony that is little fish and czech and can show the fibonacci graph for everyone sure.

E

We have a plan for setting up the colonies, and this is right here.

B

Right, so what we're going to do is we're going to start with one colony that'll, be us and then we're going to add one more and then talk to them like see. What's going on and then we'll add two more then we'll add three more five, more eight more. According to the fibonacci series, because we love fibonacci pretty much.

D

So what we're going to do.

B

Is we're going to apply uh for fun, 9 and then end and what we're hoping is like if we actually build this promise deliver on our promise for fun date, we can apply for a very large fund, because there's pretty much, uh we've been doing this for, like fund seven fund, eight fund nine. If we go strong, I think we can easily get 200k for fund nine and that will enable us to actually bring on really solid uh projects, rather than just very. uh We can just bring even professional services as colonies.

B

So we can do a lot uh with this and it'll actually allow us to build the system slowly, but build it well, we'll do the correct way.

A

Yeah, may I ask something very good idea by the way it's a circular, and we have been discussing all the time about this- how we should extend our community, it's very good idea to use fibonacci and what would be the requirement for being the, for example, one of the colony I mean imagine I mean: do we have any specific requirement to join as a colony.

B

I think we'll see.

A

B

A

For example, an ngo or an informal group when they come to us what we should ask them, can they be just be part of it and use the little fish foundation structure, or do we set some requirements.

B

So what would need to happen is one of the things that we need to figure out. One of the things that, uh as an organization, little fish foundation we need to realize is: how are we going to do that like do we want to reach out to ngos?

B

Do we have a process to do that, like we need some people to actually handle that like? That is one of the things that we need to do. Yeah.

A

That's why I asked for the requirements and probably they they should fulfill some responsibilities as well to be part of it right.

B

Absolutely what those responsibilities should be, what those requirements should be we need to. We need to come together and someone needs to take care of that, arrange that so that we can make that happen, and I think eurom's experience here will uh definitely apply.

B

uh We have a lot of experience in that field to actually figure that out as well.

D

So what are the benefits to being a member of the colony?

D

Well, let's say if uh if the blockchain learning center were to join uh a little fish, how would so I could think of known ways that we might be able to help each other off the top of my head, but like what? What are the express kind of benefits of being part of that collaboration?.

B

Right so the system we're building is entirely built around the idea of reward sharing, so what's going on in a colony, is people are producing actions they're doing something and they're they're they're, generating nfts and they're selling these nfds and these nft sales? The rewards don't go to this one person they go to pretty much the entire colony based on whatever the setting of that colony is, so you could set up a colony entirely based on your preference preferences. That would mean let's say all nft sales would return.

B

Five percent to the colony and the rest would go to the original producer of that nft. You could do that. You could also do pretty much. Any other combination that you like, and that would mean everyone is gaining from all the actions produced in.

D

Similar? What we're trying to do with our like working poor campaign, where we're like getting the stories from people and then like trying to sell those nfts and then give half the money back to the workers that that lended their stories.

B

It's pretty much and that we're just trying to like put that into code very easy, like you can't break that we actually call that a digital contract like this is a right new type of digital contract that you go into when you join and become a member of a colony.

B

You take that digital contract, and you say: okay, this is it like I'm going to gain money by this method,.

D

Maybe we should be collaborating with you guys on that nft campaign and just make that a little fish thing.

B

D

B

D

Help the blockchain learning center and the bean chains, so we can help like make more worker direct companies and it would help the workers and it would serve to bolster your community and and be a good case study.

B

Absolutely we should talk about that.

A

Yeah, I have a case also. I would like to share. For example, there is a group of students in my university, I'm consulting them. I mean they ask me to be part of their team.

A

They are good at developing games and they have skills in developing games in unity and using blender for 3d designs, and they came up with a business idea to uh create a nft based game based on ethereum.

A

So they have a long way to go and I told them the challenges of working in ethereum, but they have another issue, for example, how they can come and develop in cardano. They don't know working in the cardano system, so maybe if they join as a little fish group- and they can get a kind of support from littlefish right, because we already know how to create nfts here and we could guide them right is it is could be.

A

uh Can it be a case for supporting a group of students who would like to develop their games, for example,.

B

So they could start their own colony and they could start this colony around any idea that they want. So if this is like teach, kids, cardano, blockchain colony and people could produce actions that actually help that help make that happen. So what would happen? Is they could start that colony and david could come in produce an nft of uh some of the videos that he he'll be producing on his blockchain learning center and they could just use those as well, but it is a kind of a an interesting case.

B

It's not one of the first thing that comes to my mind, uh but it is definitely doable. Yeah.

D

There's definitely something that I'd like to try to coordinate and help with for sure I want to get courses on like how people can interact with nfts in the space. I also think that maybe it sounds like since there's a somewhat of a process for getting involved with littlefish. Maybe if, uh if we work together to make a course on the blockchain learning center about how to get involved with little fish that people could just you could just point, people to um it might help might help. People understand how to to interact with your space.

B

I think in due time I think that would be amazing, but right now, yeah.

E

B

Process is changing like pretty much every day.

B

This is an iterative system that we're playing with pretty much all the time like every single day, we're working on this, changing it trying to make it simpler. Next we're going to be trying to make it very easy to actually see what needs to happen, so someone can go and okay see. I can do this and get that done. So that's that's! Coming next, probably on the next community meeting we'll be talking about that.

D

All right so we're still trying to kind of define the processes and the interactions it's a bit of a moving target right now, but once we get it more solidified absolutely it makes sense.

B

Because it's difficult to like actually do something in a decentralized fashion where you don't have a classical company and a boss, that's telling you! You need to do this because everyone is contributing freely like you can't hold someone accountable like that's. That's not that's not in the question. So.

D

Creating something new takes a lot of experimentation.

B

Yeah exactly- and that is exactly what this is. This is like an experiment to try to do that.

D

I'm very interested in the outcome of it too, because that's the other part of what we're doing is like trying to figure out these new ways that we can work together and uh be like worker directed companies and co-ops, and things like that. This all plays into that. So.

B

D

Really cool trying.

B

To do that on on a scale like if we can do this with one colony like we can do it with any number of colonies and then pretty much anyone can do it like that is try. That is what we're trying to do.

B

Patrick you have a question.

C

Hi, thank you. It's very interesting. If I understand correctly, I try to summarize you you do actions, for instance, on the blue nodes, the actions generate nfts, the nfcs are sold and there were distributed according to coronary rules.

B

C

Now I have a uh three-part question is who choose who's, choosing the actions and if they are well-defined, think about scrum stories uh which have a definition of the what you have to do.

F

Shall I answer this john.

E

F

um Basically, the system is for non-technical people, you could be technical, you don't have to be a, but whatever your vision is on whatever you want to do. Whatever your action is, I mean it might be developing nfts or giving kids to develop nfts or I don't know to clean a beach or produce cat houses or um or uh and starvation in your community, or I don't know, give rental help to certain people in your community.

F

Whatever your values, are you define an action this? This has something to do with you and your personal ideas of what you want to do around you. What your environment needs, what your capabilities are. So then that's your action, okay and- and you do something- you simply do something and you prove it via an nfd. This can be an art piece. This can be a photo. This can be a uh of whatever it is you're doing or it can be.

F

I don't know some people can join you and uh they can take videos of the whole thing or they can make. You know art pieces about it and in the end, this is proof, and once you have the proof I mean people support you with that, that the proof is the nft and people start buying it and not just as a an art piece on an auction, but more like a memorabilia of that moment like they as a souvenir of that moment, they buy it.

F

You know this is as far as I understand jam and correct me. If I'm wrong here, uh this nft does not have to belong to one single person. It can many people can give support to it and create funding to it. You know what I mean and that way uh there's a snowball effect of the finances.

B

Ideally, that is the case, like the initial version will only have a basic nfd that one person can buy, but ideally uh in the future, we'll should be able to implement an nfd that many people can buy, and we should maybe probably do that uh optionally as well, so the producer of that action will be able to select if there's only one of those nfts or many, it could be a bonding curve. There's many different options that are available.

B

Thank you for that bill gate and to add to that, the producer of the action decides entirely. There is no one calling the shots saying do this at least at this stage there isn't. This is an entirely free system and the thing is you produce an action, you put it out there and someone comes and buys it if they feel it is valuable if they feel it is uh something that they want to support, and that is the idea so for little fish it would be.

B

uh We would we would come and see jim and I would come and see if this is actually helping us and if it is we'll, probably buy it and if it's not, it wouldn't be bought. This is how it would work in initially, but in the future, what it would be like with a colony that, for example, let's say clean speeches. This is the always the example that I go to and it's it is getting boring.

B

I'm going to get new examples, please someone write a new example for a colony, so I can use uh so so, let's say a colony that cares about clean environments. They say: okay, let's clean the beaches, they wouldn't need. They wouldn't need to say that you could just go and clean a beach produce an action just take a photo.

B

They could take. Your drone maybe make a cool video of it, produce and uh produce an action nfd out of it and put it on sale and someone will come and say: okay, these guys are awesome. They're, they're, cleaning, the beaches, I'm gonna support this, and that is the. That is the idea behind an action. So it is completely uh free from uh direction. It only requires one person to do something. It doesn't need anything else.

C

My my question uh was actually split in three and then I asked only the first of the three because you remember sorry, I'm complicated and the first one was basically. I split the process that I understand in three. You do action. The actions generate nft and ftr sold in the reward distributed and on each of these steps I had a question. The first is to choose the action, the individual or whatever else, on the second step with the next generation. How do you track? Who did what?

C

And the third is that when the next year sold? Where is the market? But now I think you, you told something that it's really interesting and that somebody buys an action if they feel that is worth it. So, by this statement, my understanding is the people.

C

The market, where is the market for nft, is basically the people that have tokens of the audible colony. They are spending colony, token to buy actions that are deemed worthy.

B

Yeah pretty much they wouldn't have to be members of colony as well. They could be anyone initially. It would be just the funding. We have from uh catalyst that we'll be using to buy, but the thing is it's trying to build a system that is completely free, completely open market, so it would be just like a normal nfd marketplace, but instead of buying just art, we will also have art, but instead of buying just art, you were. You are actually supporting something that you want to see in the world.

B

You you will like clean beaches, you you buy an nfd that shows clean beaches. You want uh you like a project. You you, like the white paper that they wrote they put on. They put their white paper in an action nft. You can buy that to support them.

C

B

C

Nobody buy patrick.

F

Think of it like this think of it like this, you know you go into instagram and you watch I mean so many videos and uh and you you see, people doing things and whether you want to or not you give likes to people right. I mean you and you watch youtube videos you give likes right, but this is. This is just like that, but instead of watching I mean cat videos, or I mean watching your friends drink a drink on the beach.

F

You know you see people doing something whatever that might be, and if you like it, let's say you give a like, for example, but instead of just giving a like, I mean this could be a jam correct me if I'm wrong again, but this could be a system where I mean you could your your credit card could actually be tied up to your likings and every time you like something you give support to an nft. I mean it. This is what it allows.

F

So, therefore, when you are you could be, it could be your own community. It could be somebody else's coming. You could be just browsing among communities. You could be just you know, trying to figure out where you belong or making your own thing either case I mean you will end up liking things. If you are in that platform, if you follow it, there will be things that fit you or other people will fit what you are doing.

E

Exactly uh particles, I can't say that: how do you define yourself in the social media?

E

For example, you put your photos to instagram and you have a github account and other stuff, but they don't represent you, but with the dosage, your actions will represent you as a social, anonymous side identification and when you purchase those nfps, so they will go to your wallet and they will define your identification. What are you doing? What are you supporting? What is your ideas and they will you will bring them to every place that you have in the metaverse or web trio. So this will create a new paradigm and you will take your abilities.

E

You will take your ideas. You will take your actions, you will take your support with you in your wallet and you can use it in other places without using your name and your id. So this is, we call it social, anonymous identification.

E

This is why you want to purchase those nfts right. I want to support the nature climate change and I want to support the people that are hungry right now. I want to support the development of good things and if I have the these and they I I have the badges from littlefish and when someone look at my wallet, they will see them.

C

Yeah think about the process, how you doing today. Let's say you want to support today a climate change, so I mean where do you go either you go to a big organization, and you know that most of the money will not go down or you need to find somehow an organization right that you can support. Then how you send the money. I mean it's complex, how you follow up what they actually did with the money right, it's very complex, so here it's simplifying! All of that.

C

You support action that you like, based on a platform that is trustable. uh If you have ada wall, it is easy to transfer them. Hey. I transfer you 58 hours, I mean it's very easy, simple and you get an nft without that show there. You actually supported this in these projects. Totally clear is now is now super worthy. What you're saying so?

C

Basically, instead of receiving 1 000 image from organization like the medicine, frontier or dvf, you basically can choose where to direct your support in terms of economic support to those that are really performing stuffs, really exciting actions.

B

The thing is, the good thing is with this. You can directly support the specific action that you want. Instead of supporting greenpeace, you can support the specific action that greenpeace does. You can support that and that only like that. That is the core idea. It goes directly to the action instead of an organization that we don't know how they're spending their money. So it is a change of paradigm in that manner.

B

There's nothing similar to that today.

C

Perhaps you can also do reverse. Searching so say that you are interested in supporting one type of action can find all the.

C

Organization but.

C

D

C

No, no not what is above individual.

F

C

Yeah, you can basically find all the communities that are they tend to perform, that action.

B

Right, there's going to be a lot of a lot of good things. We can do just matching categorizing sorting putting that out there and it's going to be really fun actually getting to play with that and displaying all that, because you can pull this in a lot of different different ways. You can go with just ngos, you can have it, let's think about it. If, when you go to twitter, the people you follow are uh what you see, and you can do the same thing here, but it doesn't have to be the people you follow.

B

It can be just different categories. We can just we can do ngos, we can do sports teams, we can do projects, we can do whatever and we can display all of that in a different format. For, uh however, we like so it can be put in in very different formats, and it can be very fun just even playing around with those.

A

There is an example: I'm using it's not so much social projects oriented, but it is facebook version of uh social media. It's you hive have you heard about it, so every action that you do basically like you doing facebook liking and connecting people and things like that.

A

All of these actions are rewarded and you don't even know you are supporting something, but you are just browsing things around just like billy mentioned, and you are your actions because you you spend your time right and your actions uh are rewarded and it goes somewhere, of course, when, when you increase your uh followers, you are rewarded.

A

I can share this. It's so much facebook thing kind of thing, uh but at least it can give an idea regarding this gamification part of it, and it's not so difficult to use it.

B

Thank yous girl be checking this out. It looks very interesting.

B

Do they have a working product or is it just like a yeah.

A

Yeah it's mobile based, uh it is working. It's just like facebook. Actually.

A

And they have a you, know, tokenization system and every action like likes, and if you have more connections, if your space is visited by more people and things like everything is kind of rewarded, I'm not doing anything and they just send me rewards. I don't know some people, maybe.

B

It sounds like an economic nightmare waiting for happen.

A

Yeah, it is, I don't know, maybe many people are trying out.

B

A

Has been so popular nowadays.

B

The the problem with most of these projects is once they start out giving tokens freely what they're doing is they're inflating their supply and, at some point, that supply is just booming out into a massive bubble and every real asset that actually denominated in that in that token, goes to zero again.

A

B

Is what is happening with many metaverse games? Many tokenized systems- and that is one thing- that's not going to happen with this one, because I'll make sure.

A

Yeah at some point, maybe they believe that they they will balance with the number of the people joining their platform and they will stabilize somewhere. But we don't know- and, as you mentioned many many people, many projects just are forgotten and not really functioning well.

A

But it seems some of them will win. The game like just like facebook did, and there are many alternatives now.

A

Yeah I just gave this example to maybe we can learn something from it. Yeah yeah, of course,.

B

I'm definitely going to check this out because I do like seeing what other people are doing in this space if there are any other examples of like social platforms, I'd love to see.

F

I wonder what it takes to uh to get the tokens and the sweep takes. I mean like how much effort do you have to spend to get it actually, I'm going to like? Does it have something to do with how many people, you add and trying to add new people and rewarding them, for it is actually not a bad idea to grow in the beginning, anyways.

B

Usually, what they do is they inflate their supply at the beginning, and it doesn't really affect because there isn't much supply anyway, so the reward early on. But then it turns into a ponzi and as long as they don't have any newcomers coming in it just crashes. If they have that working out like if they figured out some would place some way to not have that happen. It's a great way to actually grow early on just to reward people.

B

But then you kind of have a system where the early early comers have a large cap of the supply, and that is like that is a centralized system that some a little portion of the community is dominating. So it is very difficult to set up properly from what I've seen.

B

B

Anyone else questions anyone want to contribute to this.

D

Yes, I'd love to contribute in any way that I can probably can't do stuff directly uh but like in any sort of organizational help or collaboration way, might be able to just spread too thin on all the projects that I've.

B

I think I'd love to have a chat with you in order to get an idea of how you're organizing your blockchain learning center, because there's a lot of things in parallel that we're doing.

B

I think we can have a conversation that they can help both of us, because this is very difficult to actually organize and I'm having difficulty wrapping my head around. It.

D

Yeah admin organization of things is always crazy, hard, I'm struggling too. So I feel you.

A

Is your center is online or do you have a headquarter or something.

D

So it's gonna be both. uh We already have a site um I'll, just link it in the chat there. You go uh and we're opening up a coffee shop as well, where there will be a physical blockchain learning center.

A

D

A

Of table tivo.

D

A

D

A

He mentioned a friend that he's going to open a coffee shop. uh Maybe I thought it's. You.

D

No, no, it wasn't me.

A

D

But I would love for him to open a bean chain, I'd love to actually talk to him about that and see. If maybe he wants to kind of be one of our first satellite locations like share any experience, we have help him write his business plan and help him get that all set up.

A

Okay looks great.

B

If you guys have any other questions, I'd love to answer or not. We can conclude the meeting here.

E

Yeah we will go for development, yeah.

F

The night does not end for this.

D

I team it was a great presentation, very.

C

A

Yes, I agree thanks for a really clear presentation- and I I need some time to go over it and think about things myself, but thanks for the materials and I'll definitely be taking a closer look.

F

Thank you, nori. Thank you.

B

All right see you, everyone.

A

Yeah please later everybody.

C

Thank you very much for your work. Thank you.

F

Thank you for coming.