Professional Documents
Culture Documents
First draft
May 2, 2016
Scott
Burke
Founder,
BlockCrushr
Labs
scott@blockcrushr.com
Abstract.
This
paper
describes
a
mechanism
to
revolutionize
person
to
person
street
giving
using
the
Ethereum
blockchain,
in
co-operation
with
community
organizations
and
food
retailers,
to
increase
market
efficiency
by
tapping
into
common
cashless
payment
methods,
and
to
ensure
that
the
givers
value
is
spent
for
the
intended
purpose
feeding
the
receiver.
This
is
a
first
draft
and
as
such
I
invite
and
encourage
feedback
and
involvement
from
anyone
who
wants
to
review,
contribute
to
or
participate
in
this
effort.
Its
a
sunny,
spring
morning.
You
can
see
her
standing
on
the
corner,
in
her
usual
spot.
You
can
feel
the
plea
coming
from
half
a
block
away.
As
you
approach,
she
holds
out
her
cup.
Can
you
spare
some
change?
She
may
be
hungry,
and
you
want
to
help.
You
may
say,
Sorry
and
walk
on
by.
Or,
you
may
offer
her
something.
In
any
case,
she
says
Have
a
nice
day!
and
you
feel
like
she
probably
means
it.
You
walk
away
with
a
mixture
of
feelings.
If
you
didnt
give
to
her,
you
may
feel
guilty
about
it.
Even
if
you
did,
you
might
still
feel
guilty
and
wonder
if
youre
actually
helping
her
at
all.
This
situation
is
all
too
familiar
to
millions
of
people
worldwide,
especially
those
of
us
who
live
in
urban
centres.
We
come
face
to
face
with
hungry
and
homeless
people
every
day
and
wish
there
was
a
better
way
to
help.
The
problems
with
P2P
(person
to
person)
homeless
giving
are
well-known.
Fewer
people
are
carrying
cash
and
coins
as
we
move
towards
a
cashless
society.
90%
of
US
citizens
never,
rarely
The
recipient
is
also
issued
a
secret
QR
code,
which
is
their
key
to
spend
funds
they
receive
to
buy
meals.
The
receiver
hands
out
their
cards
to
persons
who
may
wish
to
give
them
money
for
food.
Each
card
contains
instructions
on
how
to
give.
The
giver
may
download
an
app
and
scan
the
receivers
QR
code,
or
go
to
the
website
on
a
laptop
or
desktop
and
type
in
the
40-character
address
manually.
Methods
to
reduce
friction
here
are
desired
an
alternate
possibility
is
to
have
a
username
or
other
mnemonic
registered
in
the
system
for
each
address.
Advantages
Neither
party
(giver
or
receiver)
needs
to
know
what
Ethereum
is
or
anything
about
the
blockchain.
The
system
abstracts
out
the
technology
into
commonly
understood
standards
and
payment
methods.
(Apps,
credit
cards,
QR
codes)
However,
it
will
be
helpful
and
important
for
recipients
to
know
that
their
accounts
are
denominated
in
a
digital
currency
called
ether,
whos
value
floats
against
their
local
currency.
Challenges/Issues/Problems
to
solve
Account
balances
are
stored
in
ether
(ETH).
Ether
trades
freely
and
thus
its
price
relative
to
a
markets
local
currency
will
fluctuate
recipients
balance
relative
to
local
currency
will
fluctuate
in
response.
o Volatility
may
be
acceptable
o Possibility
for
system
to
dynamically
hedge
vs
local
currencies
Participation
of
food
retailers
o Signing
up
outlets
Local
community
outreach
partner
will
be
responsible
o Who
will
pay
for
on-premise
systems,
training
and
ongoing
costs
o Willingness
of
businesses
to
have
hungry
and/or
homeless
customers
in
their
establishments
Willingness
of
citizens
(givers/receivers)
to
participate
o Ease
of
use
/
adoption
Details
to
be
filled
in
Actual
business
logic
of
the
smart
contract
Wallet
recovery
Daily
spending
limits
Overflow
Inactive/lost
wallets
i
http://time.com/money/2795479/spending-habits-cash-versus-plastic/
ii
http://homelesshub.ca/about-homelessness/topics/substance-use-addiction
iii
http://thinkprogress.org/economy/2013/10/30/2856411/panhandling-stats/