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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Lots of mechanisms like this are routinely used by developing world poor and lower-middle class. But they’ve fallen into disuse in the west. Instead we on,y have organized banking/credit OR awkward reliance on friends/family.
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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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Where does the payout come from if not a central account? Do all participants split thr payout and send a transaction each?
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The other 11 simply send $100 to the 12th person each month. On Venmo or whatever.
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So you have to "save" $100 per mo by sending it to 11 different people and then they send $1,100 back to you the 12th mo.
The interest you give up is the cost of the option to borrow a fraction of the $1,100 once per year, interest free.
Delinquent forfeiture covers inflation?
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Yeah roughly... there’s lots of little details. The traditional Indian version is called a chit fund.

