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> This explains nothing. It's meaningless drivel. I second this. Leveraging the crypto trend with the term "Beetcoin". The whole site feels like a hippie inspi
by Supermancho 5y ago
> This explains nothing. It's meaningless drivel.
I second this. Leveraging the crypto trend with the term "Beetcoin". The whole site feels like a hippie inspired marketing scam.
> This is probably the best short explanation: https://slowmoney.org/about/principles https://slowmoney.org/about/principles
This is marketspeak.
> There's a couple of books as well: https://slowmoney.org/publications https://slowmoney.org/publications
Pointing to long-form high level abstracts is not an explanation.
https://beetcoin.org/how-it-works https://beetcoin.org/how-it-works is a nightmarishly poor breakdown.
Beetcoin (some organization) takes donations. The Slow Money Institute (some other organization) then makes grants to local 0% loan groups (some other groups, and local to who?) which matches Beetcoin-donations with donations from other individuals (more donations from where?) to match (or what, it doesn't get loaned out?). What capital is this double-donation loan against?
- mooreds 5y agohttps://beetcoin.org/movement https://beetcoin.org/movement (the original link, actually) has a list of the groups (you have to scroll down; the UX is, well, to say problematic is a bit generous). It's crowdfunding for local food producers with 0% loans. Another comment mentioned Kiva. It's similar.
- tata71 5y agoSo, kinda like FLOKI, but without: - centralized - liquidity - star power