Hi Robert, in Phase 1 it would be more like a donation platform. Robert would go to the RGB Exchange, add desired non-profits to your portfolio, and then donate. The main value as I see it with that model it to help people manage ongoing giving in a single place, and to make it as easy and fun as possible. The natural extension of this we’re talking about experimenting with is creating pre-established portfolios that might include a desired selection of non-profits, so by investing in one, it is supporting a sector, for example. And the “meta” extension would be to set it up so anyone could make and publish a suggested portfolio for others, such as any user, an independent analyst, company or organization. The last bit is intended to help foster an ecosystem.
I feel like it’s more solid to start with donations and then to extend into a market based system. The market-based extension would be to assign a virtual share to each donation, not signifying financial ownership, but symbolically representing the impact of that donation. And it’s meant not to be definitive or perfect, but a starting point—one novel approach is to develop impact ratings, and have those affect the virtual share price through an algorithm, to harness market forces in alerting people to impact, so that the user Robert could go in, look at a non-profit, and look at the virtual share price and it’s performance, and see how it’s been doing, and then also look at the impact ratings. So this extension would be like the first—you go and choose non-profits to invest in, but there’s more inputs and experiments to reflect impact, and the main experiment is “virtual shares”.
How does that strike you? If you’d like to look at the demo you can email me at todd@rgbexchange.org
Hi Robert, in Phase 1 it would be more like a donation platform. Robert would go to the RGB Exchange, add desired non-profits to your portfolio, and then donate. The main value as I see it with that model it to help people manage ongoing giving in a single place, and to make it as easy and fun as possible. The natural extension of this we’re talking about experimenting with is creating pre-established portfolios that might include a desired selection of non-profits, so by investing in one, it is supporting a sector, for example. And the “meta” extension would be to set it up so anyone could make and publish a suggested portfolio for others, such as any user, an independent analyst, company or organization. The last bit is intended to help foster an ecosystem.
I feel like it’s more solid to start with donations and then to extend into a market based system. The market-based extension would be to assign a virtual share to each donation, not signifying financial ownership, but symbolically representing the impact of that donation. And it’s meant not to be definitive or perfect, but a starting point—one novel approach is to develop impact ratings, and have those affect the virtual share price through an algorithm, to harness market forces in alerting people to impact, so that the user Robert could go in, look at a non-profit, and look at the virtual share price and it’s performance, and see how it’s been doing, and then also look at the impact ratings. So this extension would be like the first—you go and choose non-profits to invest in, but there’s more inputs and experiments to reflect impact, and the main experiment is “virtual shares”.
How does that strike you? If you’d like to look at the demo you can email me at todd@rgbexchange.org