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.
-
-
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
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I’ve always thought ROSCAs (https://en.m.wikipedia.org/wiki/Rotating_savings_and_credit_association …) would be popular here. Layaway might be the closest thing?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
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.
-
A few apps do this, Moneypool comes to mind. I think people are so obsessed with appearances and social signaling in America it stifles this kind of thing, at least on the coasts. Once US digests that poverty is structural and not a personal choice, maybe these would get popular
- Show replies
New conversation -
-
-
This is a good idea.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.