Is it possible to delegate good deeds to support non-profits?
(Hint: the answer is YES)
In the crypto world, there’s a lot of talk of “proof of work” (running computers to mine crypto, but hurting the environment with all of the energy use and wasted heat) versus “proof of stake” (pooling your money with other people in order to get rewards from the network when it redistributes the money it takes in with network fees).
There is a project (currently an iOS app) called Love Out Loud which lets people offer up their good deeds in service of non-profits, and which will result in real monetary donations to those non-profits.
(Full disclosure: I was the lead developer for the iOS app.)
Love Out Loud works by asking people to submit a note of the good deeds that they do each day (putting back a grocery cart, helping someone across the street, smiling at a neighbor). Those notes can then be posted in honor of a non-profit (my current ones are Malala Fund, She’s The First, and American Heart Association).
As people add their good deeds over the month, Love Out Loud collects money from donors and investors. They redistribute the money across the non-profits at the end of each month.
One of my friends pointed out: this is almost exactly like delegating ADA to a Cardano stake pool, but instead of receiving the rewards for yourself, your non-profits are the ones to get the donations. The greatest part is, in a small way, it’s helping encourage every day people like us to put out just a little bit more good in the world, in the hopes that these small efforts will accumulate into a massive groundswell of positivity.
And don’t we all need a little more of that?
Download the Love Out Loud app on the App Store today!
For more information, please follow me on Twitter @jeffreality or on Instagram @jeffreality.eth. You could also tip me using Venmo @jeffreality or via jeffreality.eth …
