Posted this in telegram. Copy paste.
So my idea, as it relates to education and adoption. Can Sovryn build a platform. Not exactly sure how it would work but something like this. Can SOV create or someone build something on SOV with a coin or token tethered to $0.00 that can be minted at will by inputting a quantity and clicking a button?
Now this token would need to be on a closed system that operated on GAS or something in the valueless token. It would need to send to wallet address. Is something like that possible?
See. Everything we do in life we kinda go craw, walk, run. Due to safety concerns for humanity we tend to allow our young to operate in a bubble for many years before going out into the wild. They mess up a lot when they can, with parents watching over them. So we hope.
Then here comes the greatest form of money humans have ever known. Yeah yeah it’s easy look. You do this, you scan that, you click this, click that approve thing, poof, look at that see now it’s on my phone. Here, I’ll send it back. Ok, ya got it? Cool, remember stack sats…
As I know of, there is nothing like that out there. No “play area, zero risk area” once you’re in you’re in. One mistake and poof! The title to your house (NFT in a few years) is gone, IRA to some hacker, forgot my seed and never wrote it down.
Come on? Really! BITCOIN needs a “playground” where you can learn it without risk. Learn on a platform that doesn’t need someone to go to a community college computer lab on a closed system. Learn how to safely use a wallet and troubleshoot errors. The infrastructure is there, just need a valueless coin to interface with existing wallets on existing devices wherever there is an internet connection and a poof, you now just enabled every person on the planet to train themselves by giving them the tool ($0.00 coin) and enabling (empowering) them in turn to train the Planet.
Something that your imaginary 70 year old retired first grade teacher can just pickup, click a button on a website that says “test area no real currency clicking here” and engage a wallet with and play around with other wallets that also clicked that button?
I’m looking at it from someone with a non tech background. Some people, many people, have problems with VLOOKUP… Not sure they are going to pickup/embrace the future of money too easily —- adding this —- and trust me…., there is immense wealth and savings in people that do not know CTRL-C & V… As much of the messaging around bitcoin is banking the unbanked BUT no platform has an easy to access daap that allows for “play mode (fake money) / real mode (all sales are final). Back to copy paste. —-
I was just thinking about it and I remember that was the scariest part for me. The all sales are final part. If you messed up there isn’t any person in the world that can help you. There was no inching into it. Pretty scary the first time.
Just seems, in my experience with people, the major hurdle is getting that first account created with KYC for most exchanges. When facing the complexities of wallets and what not then to have to deal with all this KYC stuff for just $5.00 to play around???
(Comment back to someone saying liquidity is low on test nets)
Yeah. That’s where the valueless tokens came from on a closed system that ran on maybe just a few computers. Heck, create fake bitcoin that tracks actual bitcoin. A few fake coins that can’t leave the platform. Create liquidity pools. Basically something where I can go to Sovryn, click a button that says “playground” then when I click that I get a pop up that says “how much rBTC do you want” then approve and bam, 1,000 rBTC in my wallet, I can test out borrowing and lending and leverage and farming, etc.
Same exact concept as back in the day, not sure if they still have it, but when investopedia came out you could sign up for an account and they would give you $100,000 USD, play money when you logged in and you could play around, options, stocks, etc.
Click this button then you get a pop up waking you through establishing connection to testnet then just have something there where someone can click and poof they get their token to play on the fake side of the Sovryn interface not the grown up side where real money is
Create that. Let people use Sovryn as their easy to use training ground when introducing bitcoin to someone to the first time
That’s the long game… Take what’s already coded and create a sandbox with a fake coin inserted. Learn on Sovryn stay with Sovryn…
It is really really really hard in 55+ communities to get people to pay real transaction costs to “learn this new thing”. AND there is nothing that I know of that has “play mode/real mode”
That’s it. My rambled thoughts. Need a platform with a valueless token added that super easy to use, think grandma/grandpa, think unbanked, think uneducated, think if you were introduced to bitcoin for the first time and that was the first exposure in your life to advanced technology. Yes, I know communities of people that still pay all their bills with money order and have a flip phone.
—adding more copy paste discussion from dojo—
I applaud the initiative. Well done mate.
In my opinion, there’s no way going around “doing it right”.
Having testnets etc is already present… but where I fully agree what would be super helpful is like a “guided tour” with quick and also deep information (chose yourself how much you want/need to read up on specific task) and gamification of making desired actions.
You’re on to something! Can there be a way to tokenize education then somehow. Paid to Learn? Is that a thing yet?
Coinbase does it extensively (or did, don’t know now).
Cryptowatch does it… alongside so many others.
It gets you to learn the basics, use the platform, explore features, improve security, etc etc…
and you either earn points, tokens, $ whatever
Can you do those things on coinbase without KYC and get the coins/tokens?
What can someone do without KYC and without creating an account? No email. No name. A wallet address only to start and transact.
Isn’t it so that most people first put in like 100usd worth of btc to play with , it everything seems ok slowly the move more funds ? Isn’t that the same thing more or less then a learn to play ? Or am I missing something ?
Well that is until they start looking at tax laws and they’re like na… I’m good, I don’t want to play around with $100
I could envision to get points, or a few sats out of adoption fund or something like that to finish a guided tour starting from having a wallet to the full journey of makin trades, staking, lending, etc etc…
Ohhhh. Toss in like 0.25 SOV at the completion of each “lesson” each lesson building on itself. The foundation. Security. Sovryn. Wallet setup. Transactions. Scams. Etc etc.
BUT they can’t cash out during the lesson. They have to keep going through. Videos and what not. Time each lesson to take about 30-60 minutes of interactive time. At the end of each lesson they can see their accumulated SOV balance.
THEN at “graduation” they can cash out OR they can MAX stake their SOV back into the ecosystem.
We could have some quizes too from sovryn university wiki page: Sovryn Blockchain University | S O V R Y N
Have to set amount of SOV earned so low that nobody would sit through hours of videos and interactive crap to earn a paltry one-two SOV
genius idea would be great if @zivzi marketing team could get behind this, might get some more adoption from users looking for free SOV.
only issue i see is that people will make many wallets to take part
Have to set amount of SOV earned so low that nobody would sit through hours of videos and interactive crap to earn a paltry one-two SOV
No no. That’s why the accumulation per “module” is fake
It’s on the screen to the person doing it. It’s accumulating as each module goes by BUT it never actually generates a transaction until “graduation”.
That with lessons with prerecorded material dictating the time required per module
Whoever would generate wallets and interact with a lesson and answer random questions aiming for a passing score just for a little sov…
if some geniuses wanna go through all this hassles so many times… probs they really earned that 1 SOV
(additional benefit → analytics team got some juicy data to improve)
nice little user experience survey at the end, to help front end team improve UX
Now we’re developing an ecosystem
Money is solved. Satoshi did that. It ain’t going anywhere. You want people to adopt it?
Solve education! Flip the model on its head and get paid to learn how to be a Sovryn Individual.
Outside the box, ground up education and training for all. Not just the technology crowd.
Woooooo! If you get the educational on-ramp setup and built correctly you could flip the education model to where the educators providing the various instructions would be the ones contributing their SOV in order for their lesson plan to be included on the platform and you flip the model from “take on massive debt to learn” to “accumulate wealth to learn to start off better than I started with an education where I have freedom of choice through paid educational courses where I earn to learn. Higher education for all!
Now that’s Sovryn! Path to financial freedom started by participating in “paid to learn” funded in a decentralized method via the educators.
Shit education = no attendance….
Quality education = high attendance…
Economics aren’t rocket science
Shit! You just solved inner city school dropout rates with a few sats per student. 10 sats, or whatever small, per student, per year maybe starting out a path of learning for many years may not sound like much but imagine the unbanked and likely under educated participating in multi year educational programs where they earn just a little appreciating asset to make it worth their time. When they are done learning they have more purchasing power than when they started. OHHH then if they “staked” for another “semester, or module or smart contract or whatever” to foster generations of life long learning for generations and millennia.
Set the curve right and you get the incentives balanced you have self funded education that onboards people to the future of banking and money NOW
The curve can be fine tuned over time only through SIP, maybe? I guess?
Satoshi gave bitcoin to everyone. Free of charge. Nothing in return. Why can’t an educational model be built ON TOP of bitcoin which puts market balanced incentives on both educator and student vs the current system which forces most into contracts to pay debt and where those in “richer areas” get better education than 3rd world countries and other areas where there is no access to education. Wherever someone has access to transact with bitcoin they should also have access to interact with a smart contract educational model to achieve higher learning or basic learning for some at the same time they are becoming their own bank. Human civilization benefits from bitcoin. Human civilization benefits just as great when all the same people that have access to its decentralized currency ALSO have access to decentralized educational opportunities via Sovryn.
Heck, the SOV that educators have to provide up front in the educational smart contract/block of instruction (I like block of instruction better since the wording aligns with bitcoin) stays locked up or providing liquidity or something some mechanism for the duration of the semester, or block of instruction. Maybe calculate out the APY of locking the sov up for the duration of the course, like 432 bitcoin blocks or three months or whatever the time but have it to where the interest on the locked sov can’t unlock and pay until course completion AND 432 bitcoin blocks or whatever you preset the course duration for. But the interest on the sov or fees earned while locked go to an educational treasury of sorts which provides reserves and liquidity if needed.
Decentralized free education riding on top of the best decentralized currency?
Ok. So maybe not full scale global higher learning for all without going into debt before you can get ahead. How about basic financial education using wallets and daaps and stuff first. Start very small with proof of concept with digital financial learning from history (think interactive bitcoin standard for lesson plan). Then move on to wallets, cold, hot, browser, mainnet, testnet, seeds, backup, deleting wallet, restoring wallet (give “students” hands on validation that they can delete their wallet, lose it, get it stolen, whatever then restore it with these words… build trust and confidence in the security and let people build comfort in using brand new technology, blocks of learning about transaction fees, address reuse and on and on and on. Lessons toward many demographics; 0-8, 9-13, 14-17 & 18+ or something. Many don’t begin to learn about financial sovereignty until it’s too late. Bitcoin is easy to teach. It’s the custody and usage that people have fears of.
Anyway, rough idea. Might just be dumb idea that can’t scale and will trend to zero with no sustainable and balanced market for those seeking education and those seeking well educated workers from all different walks of the planet.
Call it LYRN (learn spelled differently) financial “blocks” of decentralized education to empower Sovryn Individuals
In many areas you need a license to demonstrate a basic level of skill set to drive a car but we now have the greatest asset for currency humans have ever known and there isn’t some introductory playground so that people and develop confidence and gain understanding in a controlled environment? You ain’t getting mass adoption until you get functional education out there targeted at all demographics.