glocoin

8 ms·

1.
Show HN: Glo Dollar – zero-cost philanthropy(glodollar.org)
4 points by glocoin 2y ago|1 comments
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by glocoin 4y ago
Hi! We're starting with Ethereum and Polgyon, but we're definitely looking to expand to other chains. Happy to talk more (email address in the GP)
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by glocoin 4y ago
Glo | Remote | Full Time | Non Profit | $100k+ Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty. Glo is a fully-backed stable
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by glocoin 4y ago
You're likely doing nothing wrong it's just a saturated market of jobseekers. Supply and demand ebb and flow for most roles regularly. I simply think engineers have had a period of very high demand and lower supply for decades. No
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by glocoin 4y ago
Glo | Remote | Full Time | Non Profit | $100k+ Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty. Glo is a fully-backed stable
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by glocoin 4y ago
Glo | Remote | Full Time | Non Profit | $100k+ Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty. Glo is a fully-backed stable
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by glocoin 4y ago
For starters, there already is a use case for stablecoins like Glo. The current stablecoin market is $150 billion. At historically average treasury yields, $150 billion of Glo would generate enough money to lift approximately 9 million peop
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by glocoin 4y ago
Global Income Coin | Remote | Full Time | Non Profit | $100k+ Global Income Coin is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our mission is zero extreme pove
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by glocoin 4y ago
Global Income Coin | Remote | Full Time | Non Profit | $100k+ Global Income Coin is building a stablecoin that lifts people out of poverty by providing a basic income. We're a nonprofit startup. Our mission is to eradicate extreme pove
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by glocoin 4y ago
That they get a basic income of $30/month, which if you live on less than $1.90/day helps.
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At sufficient scale, Glo can lift every person out of extreme poverty(globalincomecoin.com)
14 points by glocoin 4y ago|21 comments
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by glocoin 4y ago
We're not endorsed by GiveDirectly, but in our informal chats they expressed excitement about our plans. I can't speak for them but I can imagine they want to focus on their core model. Building and issuing a stablecoin is quite a
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by glocoin 4y ago
Yes, we will allow those. In general we'll aim to be as transparent as possible, which we believe can give us a competitive advantage over other stablecoins [1]. I personally think that being a non-profit helps with being credible in t
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by glocoin 4y ago
We actually donate all the money we generate to one such a charity (GiveDirectly). If you want to donate money to GiveDirectly, that's amazing and we encourage it—donating $35/month lifts one person out of extreme poverty [1] Glo
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How does Glo generate basic income and lift people out of extreme poverty?(globalincomecoin.com)
8 points by glocoin 4y ago|19 comments
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by glocoin 4y ago
Global Income Coin | Remote | Full Time | Non Profit | $100k+ Global Income Coin is building a stablecoin that lifts people out of poverty by providing a basic income. We're a nonprofit startup. Our mission is to eradicate extreme pove
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by glocoin 4y ago
Global Income Coin | Software Engineer & many more | Remote | Full Time | Non Profit | $100k+ Global Income Coin is a nonprofit startup striving to give every human on earth a dollar a day of income. We're launching a new coin call
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by glocoin 4y ago
In general, as you've likely surmised, demand needs to rise over time for the project to succeed. In the long-run, our aim is to have that demand come from economic activity -- meaning people using GLO for all the things they normally
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by glocoin 4y ago
Hi there, RE: KYC: For better or worse, KYC is necessary for a project like ours to prevent bad actors from creating duplicate identities, from which they could either A) launch a sybil attack or B) claim multiple UBI drops. We understand t
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by glocoin 4y ago
Global Income Coin | Software Engineer & many more | Remote | Full Time | Non Profit | $100k+ Global Income Coin is a nonprofit startup striving to give every human on earth a dollar a day of income. We're launching a new coin call
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by glocoin 4y ago
Correct. That's the annual amount of government created money and, while that scenario would be far into the future, we view it as our TAM. For an explainer of how that'd work, see: www.globalincomecoin.com
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by glocoin 4y ago
Global Income Coin | Software Engineer & many more | Remote | Full Time | Non Profit | $100k+ Global Income Coin is a nonprofit startup striving to give every human on earth a dollar a day of income. We're launching a new coin call
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by glocoin 4y ago
Global Income Coin | Software Engineer & many more | Remote | Full Time | Non Profit | $100k+ Global Income Coin a nonprofit startup striving to give every human on earth a dollar a day of income. We're launching a new coin called
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by glocoin 4y ago
This will very likely be a problem we'll run into if we gain massive adoption, and it will be difficult. But if we prove to be a useful monetary system that benefits the population, then perceptions might change. We are already startin
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by glocoin 4y ago
> Maybe this is like Sam Altman's thing...Is this actually that same project? No, that project is called Worldcoin. We share the goal of trying to create a UBI, but have a different approach. For starters, we're a non-profit an
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by glocoin 4y ago
You're probably aware HN titles have a char limit. I hope you read the website and find more positive things! Some examples: - We're a non-profit, which we believe is the better organizational model to make a project like this wor
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by glocoin 4y ago
Global Income Coin is a non-profit. We run entirely on philantropic donations. We won't use created tokens to fund ourselves; no hands in the cookie jar. There’s also no pre-mine, founder/investor allocation, or any other for-prof
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by glocoin 4y ago
That's indeed exactly the plan. It's how fiat currencies work, too. Of course, these are already established (and have the added benefit of being the only way to pay taxes). Admittedly it will be very challenging for a new currenc
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by glocoin 4y ago
That would be direct cash transfers funded by charitable donations, which we think is another great way to alleviate poverty. (If Global Income Coin succeeds it could be the network to carry these transfers.) What we're aiming to unloc
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by glocoin 4y ago
> Sats are the easiest, cheapest thing to send to people globally Global Income Coin is an economic model carrying a monetary policy: the bottom-up distribution of newly created money. The economy currently mostly runs on inflationary cu

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