Panel Web3 is Going Great

flows our our own criteria to uh start creating metrics and how to um uh to measure to mention the the impact for example I was talking with uh Carlos Melgar from Honduras he's from an Iceland in otila and we are I'm collaborating with with the quadratic funding team the of the ethereum foundation and we have to the applicant has to pass a kyc and Carlos say he he told me two days ago I hired cryptachika how are you I applied to the quadratic family brown but I'm a bit worried because they I they are asking me for my account and my address and I don't have address and I said what uh do you I I don't understand and he told me yeah because I live in a in an Iceland so I don't have an an account we don't have address if you want to go to a house of a friend you have a reference but you don't have a on a street or a number and I don't have a personal account bank and we paid our electricity and lights in a prepaid way so it's very different of any capital or big city they have a specific requirements and we have to know like eat Latin like leaders of latan we had to talk a lot with our communities and with other communities to understand where is the starting point the starting point because I think we have a lot of pre-concept and some now Notions Italian but I think that we have to check with numbers and data hard data strong data and then we need to start to design the the solutions but now we are exploring and we are trying to understand Where We Are sorry because I am a bit nervous this is my first time talking in English in a panel don't worry Ramina if you want to know more about her there is an EA and the New York Times article so good that presented the story of Romina around cryptocurrencies so I encourage you to to read it I I listened to you to your page and your projects and everything is perfect what are the challenges that you're facing who wants to start uh I mean for us we're building on really novel technology I mean ethereum itself is a very novel technology and then we're kind of taking that a step further building on top of zero knowledge proofs using may see this minimal anti-collusion infrastructure built by privacy and scaling solution to a team funded by the ethereum foundation and this uh yeah it's it's bleeding edge technology it's uh it's really incredible it basically allows us to run a quadratic funding around or kind of more generally run a a vote in a way where the inputs are secret and you have no receipts so you cannot tell how I voted I cannot tell how you voted and because of this quality it makes it much less effective to attempt to collude to bribe to coerce people into voting or contributing in a way that's different from how they would like but building using this stack of Novel technologies that uh upgrading frequently and uh not yet audited have not yet been tested at scale um is a constant challenge we run into uh hiccups and roadblocks and whatnot constantly uh but I think that's part of the challenge that's part of what we kind of sign up for when we're again building on this on this stack of Novel technology on novel technology on novel technology and the the reward is really worth it uh you know ultimately what we're creating is this this system for uh permissionless trustless and private voting quadratic funding which is a a really really powerful tool to enable all kinds of communities from from kind of the ethereum community to the broader Latin American community and outlet and onward from there amazing Jacob do you have the microphone yeah that's fire waste I should stop holding the mic um yeah I think on on our end you know I think one of the biggest challenges is you know we haven't actually found a sort of ceiling for demand for our events like they've been continually growing we've been doing more and more um but you know as a small team we probably just can't Service as many different regions around the world as as we'd like to like Ramiro pointed out like we we hadn't done an event in latim until this year since 2018 sorry for that by the way um and uh but you know it's not for a lack of caring about these markets and and also um you know Focus just literally we just don't have enough time or people to run more than six in-person events a year it's they're all huge undertakings um so yeah I mean on our end I think uh you know trying to find ways to make uh each Global more efficient as an organization to empower other organizations um to uh frankly just hire great talent internally to be able to do more and more of our mission I think those are probably some of our biggest challenges right now is just just you know trying to do more of what we're doing and to support our community um even more it's not only difficult to find it so expensive right now sure yeah it's very expensive right now yeah either um yeah I could actually also double click on what Jacob kind of mentioned um so at Bill Guild like I think we think a lot about developer and boarding developer tooling and education and we like create different content or tools to do that but also like try to understand what is the most effective like sometimes you know we try to gather a lot of people in a telegram group but that's not the most effective way to communicate so we try like different ways to approach like to create new projects highlight the prototypes we're building um yeah I think like those are some of the main challenges because it's like very new we just try to experiment with different things see what's going well and kind of continue with that but again we're also limited by size and the technology is kind of all new so building on new technology with small team with everyone learning they're like a lot of challenges which you kind of face and determine what to do next at that point Brian yeah I'm gonna maybe um highlight another dimension of uh like some of the challenges that these kinds of orgs Might face um so I think that in crypto and web3 broadly um there's this massive Iceberg of value creation across different levels of the stack whether that be from Community Management uh or from you know maintaining infrastructure open source software uh research and development that kind of thing and only a small kind of you know relatively small tip of this iceberg is is capable of being value capturing um and so one thing that is just a difficult problem to face is the incentives problem of uh you know for example if you have folks coming into the ecosystem how do you get them excited about contributing to all of that core infrastructure that um actually you know kind of powers everything like it's both from an incentives perspective as well as from the fairness perspective as well as from a resource allocation perspective it's not necessarily going to be sustainable if you have people coming in and uh you know there's a ton of work being done by open source developers Community managers Educators a lot of grant money coming in from non-profit foundations to help support or instigate these new kinds of um you know whether it's like product directions or whatever else it is and uh all that all those resources come flowing in and then afterwards you know like a venture capital firm like swoops in and sort of takes kind of like all of the upside from that and it goes up to all these LPS and not saying like there isn't a like that Capital markets are not important they're very important actually for driving specific types of progress and Innovation but then there's this big looming question around like how do we continue to incentivize people to work on the things uh that power this whole thing that are kind of under the surface that don't have as direct of a value capture mechanism and that's one thing that we've been you know trying to think hard about and I I love these experiments like protocol Guild and you know everything that clear fund is doing around supporting these public goods um popular popularizing those mechanisms is just as important also as the technology that that powers them so I think that's a really big Focus as well not Andrew Romina um well eat latan at the at the time we only had to even in the past but we we had a lot of goals some priorities one of the of our priorities the education uh right now we have some companies in latam Who Made Who make customer acquisition in our communities so we try to create communities like public goods with uh cooperative and for free for everyone but we don't have an external alternative so one of the goals of in the future for idlatan is to create an educational Hub and it's very important for us because here in latan there is a lot of ghost chains and scammy chains and we have the opportunity to um connect with the users and the builders again in when we experiment in the past the defeat summer a lot of people know cetheidium and knows nfts and then the expensive gas fees Alejo push away a lot of people just because the people couldn't deploy or send money or whatever in on chain so if we uh create a strong opportunity to share the knowledge about layer 2's and public goods I think we had a an historical opportunity to onboard a lot of Latino americanos that's true the education in Latin America and in developing countries is so important as from Intervention I have so many top topics to talk but we are out of time