Topic: Can something like WeEconomy work in today's world ?! (Read 301 times)

So it's like a social security fund. They also expect more people will chip in and when it changes they ask government for help.

1. A private decentralized network of people who pay a monthly fee to be part of the network. That fee doesn't need to be big ( i am already paying 50$ monthly to Netflix, Amazon, Spotify, and co. ) and I try to buy bitcoin every month from my monthly savings. (I am a late bloomer about bitcoin, but that is a different story)

Basically, our network assumes that more people will chip-in, then chip-out, so there will always be enough money in the pool to pay your amount in BTC back.

Of course WeEconomy is an amazing idea, there is no doubt but the problem are people. The network of people must be full with honest and smart people. That's where the online WeEconomy fails sadly. From your post as far as I understood that profit will be used for gaining even more profit by creating some business and etc or if you only mean growing number of capital via people and doing nothing more, same and same again, then I don't think that alone is good because it means say no to best possible profit and yes to good profit.
Who collects funds here? Whom do we trust? Please can you explain this a little bit?

What are the incentives for people to contribute to this network? Would it be paying dividends and stuff and how is money for those benefits going to be earned.

Also the part where people can just take out their money, there might actually be a "bankrun" if the coin used suddenly experience a rally. Unless of course again, there is an incentive for them to keep the money in that would outweigh the gain from selling their coin.

Still an interesting idea, I'd like to sew how this develops.

I understand now, so it just looks like this is actually very viable, especially if the owners/administrators of the network was smart enough to do this and keep enough cash and money on hand, maybe a certain percentage of the monthly fee you put in should be not added to the network, and sent to a wallet to cover the dips of the market?

I don't think more than 50% of the network would exit, you can always put a limit, for example, only 10 percent of the network is able to leave in a day, so this will keep you and your investors protected.

This is why is important to have some of the funds in cash, and buying those dips, meaning those dips are an opportunity for profits. The only real problem for this network is when more than 50% of people leave in one day. But I don't think that is something that should worry us at the beginning of funding this network.

Again your piece of the pie is always the same, HOLDING is what makes profits in the market or buying the dip, with more capital we can set bigger and better buy/sell positions in the long term.

You are literally talking about how mutual funds or UITFs work where investors pool their money in and a portfolio manager will take care of the rest. However I don't think this will work well in the type of industry we have. Mutual Funds/UITFs works well with investors since the markets they are usually in (stocks, money market) are not too volatile and the ones taking care of it (portfolio managers) aren't risking their money for a much more higher outcome. The portfolio managers really don't have any option when it comes to the crypto market since almost everyday they are susceptible to change and I don't think the traditional investors can stomach such change for a traditional type of investment.

1. A private decentralized network of people who pay a monthly fee to be part of the network. That fee doesn't need to be big ( i am already paying 50$ monthly to Netflix, Amazon, Spotify, and co. ) and I try to buy bitcoin every month from my monthly savings. (I am a late bloomer about bitcoin, but that is a different story)
2. The complete monthly fees can be redeemed 24/7, meaning if you leave the network you get all your bitcoins back that you put in. Means, we use bitcoin as a reserve (bitcoin standard). The idea is that the network will at some time start to make more money than the amount that is put in every month.
3. The size of the group should be kept small for now.

So I understand that members of the network will pay a monthly fees to create a pool of funds which can be used for credits and earn interest income! That's exactly how cooperative credit societies work in my country. Especially in those areas where banking service has not yet reached! Apart from credit, what other businesses you are proposing to make profit for the group?

I understand the investment decision will be made through voting system but who will control the collected funds?  

I feel like you need to have an incentive that would make people not really be bothered by paying a fee.

It is not going to work unless it is a good one, for example wework doesn't just offer a space for you to work, it offers you to network with other people in your region that is doing similar stuff to yours, it gives a chance to barter your work for others work for example, a designer working in a place like that and a developer working there could get together and designer could design something for the developer whereas developer could develop something for the designer.

WeWork doesn't make any profit because they are constantly growing, that is not a bad type of losing money, they are actually making more revenue every year but they are spending even more every year for new places which is the trouble, that is not really as same as just a bad business losing money so lets not put them down that quickly.

Okay, so basically, instead of it being a regular coin, so if it doubled in value, people could take their monthly fees out and just be happy with their profit, these extra funds would be actually kept by the company for hard times, so even if the price dropped to 100k, they are able to supplement the users with their own money from this fund?

That's a lot more interesting and I misunderstood your post a bit - although, what happens if the market goes down before the company has a chance to collect funds through price increases?

You will see if we put $500k monthly, in one year we would have profits for $3 million, those $3 million can be used as credits, own uses, or grow the business even more. This is a simple example, but it just proves my point that together we can grow money faster, the next link shows how much money you would make alone

If the price goes to the Moon, even better for the network, that means more capital, let's take the example above. Let's say we put $500k worth bitcoin in the network, and tomorrow bitcoin goes to the moon and suddenly our network goes from $500k to $1 million, your piece of the pie will still be the same. But our goal of the network is just collect more capital and have big reserves, (reserves that are used when the market goes down, and buying up good positions) to reach the point of self-sustainability.

Let's say you want to leave the network and you want your bitcoins back, ok then instead of $1 million (worth of btc) the network would have $999950 w/btc, now because there is now one place open for someone extern to join the network and take your place in the network, he pays those $25 w/btc and now the network has $999975 w/btc. I have a complete theory that I wrote about this, it is called Circle of wealth creation.

Basically, our network assumes that more people will chip-in, then chip-out, so there will always be enough money in the pool to pay your amount in BTC back.

Bitcoin investments are not measured in Fiat currency, like other investments. It is settled in a physical asset, so you get the amount of bitcoins

that you bought and not the amount of money that you invested. This will only work, if the investors would agree to claim their fiat investment

amount and not the actual value of the bitcoins that they bought. Who would do this, because other investments gives you the actual value of the

coins you bought. So you will get less fiat, if the price goes to the Moon.    Do I understand the concept correctly? 

I was surprised when I read that WeWork wants to start an IPO this year. That is surprising because the company is not making any profits for its investors. This made me think, can something like WeEconomy work. What I mean by WeEconomy:

1. A private decentralized network of people who pay a monthly fee to be part of the network. That fee doesn't need to be big ( i am already paying 50$ monthly to Netflix, Amazon, Spotify, and co. ) and I try to buy bitcoin every month from my monthly savings. (I am a late bloomer about bitcoin, but that is a different story)

2. The complete monthly fees can be redeemed 24/7, meaning if you leave the network you get all your bitcoins back that you put in. Means, we use bitcoin as a reserve (bitcoin standard). The idea is that the network will at some time start to make more money than the amount that is put in every month.

3. The size of the group should be kept small for now.

4. Own semi-stable coin, a coin that is backed by all the assets that the network gains. Why semi-stable? Our goal is to keep the value of our stable coin around $1, but it can grow if our assets grow but it can fall too but never less than what we have in our core reserves. And we can make a poll where everyone in the network can vote on the decisions of printing money or burn it.

I was surprised when I read that WeWork wants to start an IPO this year. That is surprising because the company is not making any profits for its investors. This made me think, can something like WeEconomy work. What I mean by WeEconomy:

1. A private decentralized network of people who pay a monthly fee to be part of the network. That fee doesn't need to be big ( i am already paying 50$ monthly to Netflix, Amazon, Spotify, and co. ) and I try to buy bitcoin every month from my monthly savings. (I am a late bloomer about bitcoin, but that is a different story)
2. The complete monthly fees can be redeemed 24/7, meaning if you leave the network you get all your bitcoins back that you put in. Means, we use bitcoin as a reserve (bitcoin standard). The idea is that the network will at some time start to make more money than the amount that is put in every month.
3. The size of the group should be kept small for now.
4. Own semi-stable coin, a coin that is backed by all the assets that the network gains. Why semi-stable? Our goal is to keep the value of our stable coin around $1, but it can grow if our assets grow but it can fall too but never less than what we have in our core reserves. And we can make a poll where everyone in the network can vote on the decisions of printing money or burn it.