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nanoqueen

seriously, I don't know if I can afford 1 complete dollar every month.


havox22

I laughed


Psilonemo

Not all people can afford this, but I'd say a donation pool backed for a truly noble cause or one aimed at scouting more talent for Nanohub or setting bounties for new nano related tech and innovative concepts would be great.


Xanza

> Main problem will be trusting someone with those founds, so it would be great if we could implement something automatic that does not require human intervention. Smart contracts, which NANO doesn't support. Try Etherium if this is what you want to do.


Stdanc

I think Ethereum fees are not suitable for this kind of projects.


Xanza

Here's the thing. NANO wasn't really designed for a use case like this. Especially not when you don't trust the party you're sending the money to. You can do multisig wallets, but essentially you're just sending that money out to two people now instead of just one. You still have to trust that those people are going to do what you want. With smart contracts, you don't. This __is__ what smart contracts were designed for. NANO is amazing. It's great. But when you try to use it for something it wasn't designed for, it really breaks down. And that's okay--because if you tried to use a really great lawnmower as a snow blower you wouldn't get mad at the lawnmower. You may not want the fees, but that's kind of the cost of working with smart contracts.


Qwahzi

Technically smart contracts don't solve this particular usecase either. The people doing the work could always run off with the money


Xanza

I mean, sure. Kinda sorta. IMO no matter the situation trust is always equally needed. I suppose it would depend on who you ask. IMO, a P2P based multisig escrow service run by normal users who receive a fee for holding escrow would be cool.


My1xT

How are smart contracts even supposed to enforce what money is used for?


Xanza

Where did I say that they were supposed to do that?


My1xT

>You still have to trust that those people are going to do what you want. > >With smart contracts, you don't


Xanza

Smart contracts are programmable inter-exchanges. When done right, no, you don't have to trust anyone because things are done automatically regardless of what the end-users want. That's not me saying "smart contracts can enforce money being spent a certain way" but you can write a smart contract that if the balance isn't over and above the goal by a certain date, it's automatically routed back to the sender.


My1xT

But in this case you still have to trust the person who's executing the thing, i mean sure you can enforce a Kickstarter style premise, but after the money is sent out of the smart contract it's sent.


Lan2455

That would create a lot of sell pressure for a coin that’s already struggling to grow…


Stdanc

Maybe we can limit the amount spent on each project to avoid this and offset the awarding of the projects to be 1/month


Lan2455

Nano does not have the market cap and would see very little to no benefit


Stdanc

Nano maybe\*, but we could help some people. \* Although I think this is where nano's advantages come into the light. Money can be raised from all around the world without paying fees. If NGO's would realize this nano will become more and more popular.


Lan2455

If you want Nano to thrive so it can actually adopt and help people then you’re being counterproductive


Stdanc

what?


havox22

If we are successful and raise 1.4 million Ӿ then when it is time to sell, it will be an influx of supply on the market and drive down price. Losing money for whoever we were going to donate to and losing money for everyone who holds Ӿ.


HairyBallOfFeathers

I like the idea of doing noble stuff for developing countries, but I fail to see how this actually shows Nano's usecases. This sounds like a lottery for developing nations. On the other hand, if this money is used to fund the Nano Foundation and help their developmental / marketing efforts, then it could be very useful. Not to show Nano's functionality, but to support Nano in reaching a wider audience. The best marketing is probably one that triggers people into using it.


windtool

Yeah I think adoption has to come before the donations to developing nations use case, not the other way round.