Maybe instead of airdropping something that can be directly exchanged for cash (in which case many people would just buy a house with their $600K), we airdrop a resource that is somehow restricted such that it has to be a donation? A Forum-Karma-based airdrop seems like it would be an awesome way to kick off an impact certificates program—people could use their KarmaCoin to invest in impact certificates, with the promise that if you invest wisely, down the road the certificates for the most impactful projects might get bought by a mega-donor like OpenPhil, and that’s how you’d ultimately get a cash payout.
Sounds good! I wonder what loopholes could emerge though? Most cryptos end up with a market value even if they don’t intend to have one. I suppose KarmaCoin could be timelocked somehow. It makes it more difficult to trade, but people can still make IOU contracts.
Maybe instead of airdropping something that can be directly exchanged for cash (in which case many people would just buy a house with their $600K), we airdrop a resource that is somehow restricted such that it has to be a donation? A Forum-Karma-based airdrop seems like it would be an awesome way to kick off an impact certificates program—people could use their KarmaCoin to invest in impact certificates, with the promise that if you invest wisely, down the road the certificates for the most impactful projects might get bought by a mega-donor like OpenPhil, and that’s how you’d ultimately get a cash payout.
Sounds good! I wonder what loopholes could emerge though? Most cryptos end up with a market value even if they don’t intend to have one. I suppose KarmaCoin could be timelocked somehow. It makes it more difficult to trade, but people can still make IOU contracts.