[Applause]
as a present or ideally actually half an
hour
designing conversation okay
[Music]
yeah yeah
oh really
it basically choose your own risk
insurance actually think about in the
United States your risk pool is your
coworkers but if everyone's familiar
with microfinance companies like axial
or Grameen Bank you have a social
mechanism involved with policing in a
way that you would not have a
traditional banking system right so the
idea in microfinance is that because you
get a joint loan if someone is lazy the
other people who have the responsibility
are going to come count in the door and
say get out of bed you need to work
because we're all going to suffer as
myself so the social mechanism is in a
really important part of the success of
microfinance well apply that same lens
to insurance so what happens is you put
in one piece
to this pool okay whatever you don't eat
it into it you can of course pull that
out without any meeting for any votes
but if you need health care and let's
just say you need point to easier to get
a shot or something that no one needs to
attest to but anything beyond what you
resent would in you have to have other
people vote to allow you to be able to
remove the money the maximum that you
can never remove from the pool can never
be higher than fifty percent but what
remains in the course you can't have one
person take all the money so you will
have this injury so you can have your
family if you want to have your family
be there for school or you could
actually have your friends you all know
that you keep healthy and in these
festive things everyone sticks their
money and and there's room for two
different to have a larger patron or a
benefactor also participate so it could
be the government or the Gates
Foundation or whatever happens to be and
you think about the work that the Gates
Foundation does - they're basically
donating their money to help people on
the health care approach in this case
you say put in some money that we could
actually act as a patron and then if the
money is put in and then you convert it
into a stable thing so that you don't
have a fluctuations then you could walk
that money is sitting there you could
actually put it into someplace like
compound to a generating interest and
that this in a sense is kind of working
as endowment
money that continues to grow and then
people if they need to pull money out
they can now be incentive for you to
remain a participant in the system is
that for every year you participate the
cost for you to be able to participate
goes down so it goes down by 10% for
every year anticipates the first year
that you purchase it is to compete if
you don't pull anything out or whatever
is great but the next but you can pull
up as much as 10 inchh of your name then
in the next year going to be better if
everybody is you only have to put in
point ninety but you can still pull out
the ten so across time there's a
necessity to hang around for ten years
and participate in this you have the
room for the larger infants to be there
as bad vectors and then of course you
have the the social mechanism of you
know and this person needs it broke
their arm and you're like I'm
comfortable with them pulling the money
out and then voting and allowing them
those claims
yeah so we're taking some shot might be
better
you actually want way was the long run
to get much better outcomes of ever
before something preventive health care
rather than always just consumption okay
yeah and investigative name go
[Music]
this Mary doesn't like Jim there is
society's work in order supplies scams
an acceptable
your antennas to the next level in yes I
just tell it aren't you is on two slides
quote
[Music]
it's about minutes
[Music]
are going to be healthy so he is
presenting his energy
[Music]
all right so I might introduce you guys
to do it basically is a renewable energy
fund that gives micro loans to people
want s or solar panels because the
package port Cygnus the problem is even
though we did your government gives you
an incentive
don't want on that upfront cluster is
for solar panels and it's not a reason
why the packs on our condolences because
there's nothing that nature became to
give out loans to based on future
projections
even though Sola has probably in
something very predictable very stable
returns they always require some sort of
collateral a fixed deposit or a car and
property okay to back it up that is
quite a lot of these certain problems
and awning so I'm walking I'm storing
solar so we are proposing to create a
renewable energy from ok managed by a
town essentially we collect funds from
investors put into the fund which to cut
it out and then we give up these and I
close to the anybody in the world who
wants to install solar panels and a fun
performance is dependent upon how well
fund managers in the Dow select and give
experiments and capitalize on the
government
Thanks so the user experience is very
very suitable okay
investors make money okay because they
have a new income to invest in and other
interests so if not and the hopefulness
I can get access to credit to those
because the banks don't give it the
opportunity here is a win win win for
everyone because we get to earn okay so
imagine a plastic waste offer you're
getting a loan instead of putting out
one hundred percent and seven percent of
energy what if because of the solution
instead of saving 100 percent you save
five percent of your energy bills and 95
percent of whatever you say goes to
repay the loan plus interest so we make
money you save energy
okay and the Dow is dead ensure that the
trusses long beach so that's basically
the power in your body
[Applause]
no I come to that expense called dream
die québécois dream today
Wow nothing and here's all their this
weekend and there's other prizes
yeah there's like first place anyway
alright so keep thanks thank you
oh sorry god it's okay everybody you
know I'm just telling the camera because
my bosses are Nazis so guys let's have a
rich discussion about what it was the
experience give me some feedback on the
canvas what you wish was better what you
wish would change and then we can call
it a day
[Music]
that made a lot of crystallize did you
actually showed us your doubt and some
of the infrastructure and like went
through a sample voting mechanism Jewish
that would come first
yeah I think that would be I think my
bias is to create the need and help
people operate under a certain amount of
the certainty and then throw the water
let you walk through the best Yahoo get
a little thirsty but you have no reason
to actually yeah so we don't know we
don't have to go in a circle like
everybody speaks or we can if you guys
won but I would like to know like what
was that open what are the possibilities
in your mind in life that have
you have look at the canvas was there
any misconception that you had about the
house that was rearranged I don't know
it was a lot
[Music]
Senate
French
they think also we're drawing parallels
to existing systems right and if you
think about it a lot people were using
analogies you know like to think about
explanation I was giving this analogy
used in analogy and the other day that
the jewel was like well you elect
members of Congress and here's what they
do I think actually having a place in
here for is there an analogous system it
being used it's the other thing that
people are familiar with that could help
us to wrap our brain around it because
in the end there's only certain ways
that we can organize and there might be
other norms so I think even adding
appeals to this and saying is there
another example outside of where you're
trying to this work but maybe even the
goal feel like this isn't is there room
for analogies or better for
for sure we always use them yes that's
it thank you guys for coming thank you
for putting up with a large checking
around where we really talk about where
we are at that type of stuff super
important it's a way of the co-creation
time mine my bias that I like to seed
into watching spaces that the
intelligence isn't in the audience more
more often than not and they go to these
conferences and watch these panels like
three brains of stage but the 500 brains
of the room are aware the magic is set
and that's why we have shape so super
important for me to know who's in the
room you want experiences to carry what
are the things your research this is
where the magic comes from and that's
what we find also making use any down
fast as I can so if you have a desire
and organized a needs size event around
those
please reach out let's make a Hellfest
happiness which would be the best oh and
my telegram is elementary complexity
altogether small
[Music]
[Applause]
you