Episode 168 - The Wellbeing Protocol - Scaling Localism with Web3 and Hyper Local DAOs

Crypto Altruism Podcast

In episode 168, we’re excited to welcome Mark Pascall, Co-Founder of The Wellbeing Protocol, an organization on a mission to build a world where local communities are empowered to support their own wellbeing. We discuss how their participatory grantmaking tool is giving communities the power to allocate capital, the role of quadratic and conviction voting mechanisms, the future of hyper local DAOs, why Web3 is a powerful tool to scale localism, and much more!

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--Three Key Takeaways--

• One of the best ways to reallocate power from large corporations and institutions to local communities is by bringing communities onchain as local DAOs. This gives communities a mechanism to allocate capital, make decisions, and coordinate to limit the power of large institutions.
• Conviction Voting is a coordination tool that allows communities to collectively govern shared resources. In this system, individuals can vote over a period of time, and are able to change their vote at anytime. However, as long as an individual doesn’t change their vote after it has been casted, it is a signal that you have strong conviction, and the power of your vote grows.
• In addition to the value of putting local community organizations onchain, one of the other benefits of web3 is all the open-source experimentation happening in the space. Since web3 is so new, it gives communities an opportunity to experiment at the ground level with new mechanisms for coordination and governance.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-168-the-wellbeing-protocol-scaling-localism-with-web3-and-hyper-local-daos

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