Using crypto to save money and build community
This online marketplace addresses the scarcity of fiat money by enabling people to earn and pay in its community crypto
This week I’m joined by David Anderson, a “helper of helpers” who works in the non-profit/alternative currency space. David joined me to discuss one of his main projects, Simbi, an online marketplace which promotes “volunteership, mutual aid, education and community development.”
The idea is people can seek or offer aid to other users but, importantly, earn and pay in simbi credits, the non-profit’s own cryptocurrency. The aim is to relieve the pressure of having to use fiat money ($,€,£) for everything because, as David brilliantly articulates, that kind of money is becoming increasingly scarce for many people.
I thoroughly enjoyed this discussion. David points out that, contrary to a lot of crypto theory out there, alternative currencies can play a very important role within existing economies. David doesn’t think simbi credits should ever replace the dollar—rather, giving people more options to earn credits for the things they need, in markets built around community, provides immediate relief and resources to populations experiencing increasing precarity.
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