Post by Leon Grad on Jan 4, 2023 17:20:08 GMT
Hi everyone so welcome to the first meeting of the Ministry of Economy; next month will be the Ministry of Education's turn, then the Ministry of Environment, etc (we'll go through it in alphabetical order). I wanted to start with the MoEc because it's an important topic for 2023.
First, happy new year everyone I can't believe we're already in 2023, its been about 3 years since the relaunch of the Federation and 11 years since the concept inception.
In this meeting Id like to address a few points, and of course if you've got ideas on the topic of our economy then you can also post them here.
Before the holidays I announced the creation of the Federal Ethereum reserve, I tried to increase the funds by selling NTFs, I think they're called, but without success. I'm limited on what I can do since I'm out of the banks's loops but we're over a hundred members now so I'm pretty sure we can figure something out.
Increasing our financial resources is a priority because everything else depends on it. Building the Agarta Capital City Island: it'll require money. Publicity campaigns: they'll require money. Community activities, contests and prizes: they'll require money. We currently have 30 bucks worth of Ethereum, that won't get us far. So we need a strategy to increase our funds.
One of the members, I think it was Bigred, suggested creating a mutual fund thing with a lawyer. We'll need someone to do that. Once we get one set up, we can start selling stuff as a community, accumulate funds in an account and get the ball rolling financially-wise. That way we (including I) can sell stuff and help fund the Federation even if some of us don't have a bank account. We need to figure out the process behind this.
As a reminder those federal funds will only be used in accordance with the democratic process and for projects approved by the community, any personal use that have not been approved by the Federation as a whole will be prohibited.
So those questions need discussion during this meeting:
-Who's got the capacity to create a bank account or PayPal account?
-What process should we adopt so those federal funds remain in trusted hands?
Next aspect we need to cover in this meeting is exposure. We've got members that make great products. We'll need to begin selling products on popular platforms like Facebook or Etsy or anything like that. I'm old fashioned so those are new for me. Once again no matter where we sell, we need to consider sending a small fraction of our profits over into the Federal reserve. I propose 10% of the profit margin. So say you make a product that costs 100 bucks, and sell it at 200, then you'd be making 100 bucks in profit, of which I suggest 10 bucks go to the Federal reserve.
But to get back to exposure: using popular platforms will be all good, but for maximal impact we're also launching our own platforms. The advantage of those is that with fewer people at startup, you'll have fewer competition as a seller, and so considerably more likelihood to sell your stuff. So sell your stuff both on the popular platforms and on our own platform. This way you'll run two strategies at once and be more likely to make a sale if one of the platforms fails to do the job.
Our own platform is called ShopAndSell, available as a Discord server at discord.gg/7JkfYNAyHk or on Reddit at www.reddit.com/r/shopandsell/. Invite everyone you know over on those two places, because even if they sell something it'll most probably be something you're not selling, and that seller is probably gonna see your ad and become your potential customer if your product interests him/her. The Federation already has its internal Marketplace. ShopAndSell is intended for people OUTSIDE of the Federation. As a member of the Federation, this means you'll be able to sell your stuff and even promote your stuff to the rest of the world. This is important because we'll basically be beginning to "export" our Pangaean expertise, and make money by considering the rest of the world as our customers.
So, those points are:
-sell stuff on popular platforms AND on ShopAndSell
-consider sending a fraction of your profit margin to the Federal reserve
-invite the most people you can to the ShopAndSell platforms, where they too can benefit from relatively low competition and free advertising, just the same as you, except you benefit as much as they do since they become potential customers
Final point worth discussing: if setting up a bank account and/or PayPal mutual fund thing is too complicated, then meanwhile us sellers could convert the proposed 10% of our profit funds directly to Ethereum (by buying Ethereum with those funds, using Metamask), and send that Ethereum to the official Ethereum Federal Reserve, at 0x4c0413Bab1d1Dd59389c4350E6B6f113d4991ce0. This account belongs to myself, and if you trust me I swear it will ONLY be used in accordance with you guys' will, and NEVER for any personal purpose. This could become a more affordable method of accumulating funds which would eliminate the need to pay for any lawyers and services, and plus it'd make us totally independent from any banks, not to mention the value of Ethereum is projected to rise steadily with time so our funds will actually multiply by a tiny bit if ever we decide to re-sell back some of it for money in the future (so to pay for anything the community decides to buy).
First, happy new year everyone I can't believe we're already in 2023, its been about 3 years since the relaunch of the Federation and 11 years since the concept inception.
In this meeting Id like to address a few points, and of course if you've got ideas on the topic of our economy then you can also post them here.
Before the holidays I announced the creation of the Federal Ethereum reserve, I tried to increase the funds by selling NTFs, I think they're called, but without success. I'm limited on what I can do since I'm out of the banks's loops but we're over a hundred members now so I'm pretty sure we can figure something out.
Increasing our financial resources is a priority because everything else depends on it. Building the Agarta Capital City Island: it'll require money. Publicity campaigns: they'll require money. Community activities, contests and prizes: they'll require money. We currently have 30 bucks worth of Ethereum, that won't get us far. So we need a strategy to increase our funds.
One of the members, I think it was Bigred, suggested creating a mutual fund thing with a lawyer. We'll need someone to do that. Once we get one set up, we can start selling stuff as a community, accumulate funds in an account and get the ball rolling financially-wise. That way we (including I) can sell stuff and help fund the Federation even if some of us don't have a bank account. We need to figure out the process behind this.
As a reminder those federal funds will only be used in accordance with the democratic process and for projects approved by the community, any personal use that have not been approved by the Federation as a whole will be prohibited.
So those questions need discussion during this meeting:
-Who's got the capacity to create a bank account or PayPal account?
-What process should we adopt so those federal funds remain in trusted hands?
Next aspect we need to cover in this meeting is exposure. We've got members that make great products. We'll need to begin selling products on popular platforms like Facebook or Etsy or anything like that. I'm old fashioned so those are new for me. Once again no matter where we sell, we need to consider sending a small fraction of our profits over into the Federal reserve. I propose 10% of the profit margin. So say you make a product that costs 100 bucks, and sell it at 200, then you'd be making 100 bucks in profit, of which I suggest 10 bucks go to the Federal reserve.
But to get back to exposure: using popular platforms will be all good, but for maximal impact we're also launching our own platforms. The advantage of those is that with fewer people at startup, you'll have fewer competition as a seller, and so considerably more likelihood to sell your stuff. So sell your stuff both on the popular platforms and on our own platform. This way you'll run two strategies at once and be more likely to make a sale if one of the platforms fails to do the job.
Our own platform is called ShopAndSell, available as a Discord server at discord.gg/7JkfYNAyHk or on Reddit at www.reddit.com/r/shopandsell/. Invite everyone you know over on those two places, because even if they sell something it'll most probably be something you're not selling, and that seller is probably gonna see your ad and become your potential customer if your product interests him/her. The Federation already has its internal Marketplace. ShopAndSell is intended for people OUTSIDE of the Federation. As a member of the Federation, this means you'll be able to sell your stuff and even promote your stuff to the rest of the world. This is important because we'll basically be beginning to "export" our Pangaean expertise, and make money by considering the rest of the world as our customers.
So, those points are:
-sell stuff on popular platforms AND on ShopAndSell
-consider sending a fraction of your profit margin to the Federal reserve
-invite the most people you can to the ShopAndSell platforms, where they too can benefit from relatively low competition and free advertising, just the same as you, except you benefit as much as they do since they become potential customers
Final point worth discussing: if setting up a bank account and/or PayPal mutual fund thing is too complicated, then meanwhile us sellers could convert the proposed 10% of our profit funds directly to Ethereum (by buying Ethereum with those funds, using Metamask), and send that Ethereum to the official Ethereum Federal Reserve, at 0x4c0413Bab1d1Dd59389c4350E6B6f113d4991ce0. This account belongs to myself, and if you trust me I swear it will ONLY be used in accordance with you guys' will, and NEVER for any personal purpose. This could become a more affordable method of accumulating funds which would eliminate the need to pay for any lawyers and services, and plus it'd make us totally independent from any banks, not to mention the value of Ethereum is projected to rise steadily with time so our funds will actually multiply by a tiny bit if ever we decide to re-sell back some of it for money in the future (so to pay for anything the community decides to buy).
