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An evolution that would be really good for the gig economy would be the evolution of decent risk-pooling models. The kind described in “portfolios of the poor” but higher ticket price.
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Example, 12 people form a pool of putting $100/mo into club, 1 person gets an $1100 payout per month. Winner drawn from a bag of names OR someone with an emergency gets to jump the queue. Limit 1 per year. Nobody needs to hold funds long-term. Built purely on trust.
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The key is to do all this without the need for central asset holding. Only books and trust records are maintained. With incentives to keep people from abusing. Like new member can’t cash out till end of a first full cycle. Missing a month payin bars you on payout for 3 months etc
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I've tried to figure out a way to facilitate this at scale, but never figured out a way that I believed would work. Trust, transaction costs and adverse selection always seem to doom it. Still interested, if you have ideas though.
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