OH: idk they’re like the Bell Labs of Internet infra and AI…and they’re like African or Indian or New Yorkers, or something.
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Parabl’s Lead Engineer Shaaz is in South Africa making new friends and learning how locals have made their own versions of the Parabl playbook 😎! Here we see a women’s home with a high speed fiber connection made resilient by a backup battery.
Parabl’s own @RaashiSxn named in the top 100 Brilliant Women in Ai Ethics!
We’re building the only ethical Ai solution for leapfrog regions. We refuse extractive data strategies built to subjugate local populations. Our Ai efforts focus on local sovereignty and data as an asset
As the industry reflects & wakes up to the reality that ecosystems built on solving critical needs for real users are the foundational way forward.. the Parabl team reflects on how far we've come & how the vision has influenced the tech zeitgeist directly & subliminally. Gm & LFG
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watching & learning as @techboiafrica talks leapfrogging, energy consumption, and sustainable, real development in the global South via depin networks and new infrastructure.
these are the conversations that matter.
parabl retweeted
I think this is a step in the right direction, but kind of misses the mark.
The issue (one of many) is that there's a gap between Identifying Problems, Solutions, and Funded Solutions when it comes to Leapfrog Regions (LFRs) like most of Sub-Saharan Africa
One of the frequent topics at @JoinEdgeCity Lanna was that govs of inflationary currencies don't like dollarization, but the people on the ground need stablecoins.
Identified Problem = "People don't like inflation, but they get paid in inflationary currencies that they can't easily swap out of. That's bad for business"
Solution = "Make a stable that's pegged to the price of any arbitrary fiat currency, so they can get paid in a pegged coin onchain, and swap out of that."
Funded Solution = "They can use DAI/USDC/Tether* ** 😌
this is what mainstream adoption*** looks like."
*if they can buy it from someone else
** If the government doesn't shut down the bank accounts of fintechs and FX brokers enabling this
For scope, there are 2700 million (that's 2.7 billion) unconnected people. They don't know crypto, and if they're offline, they don't have fintech services that they can easily use for banking. They would love to be onchain, if only we put the tech that's been built in front of them, and make it useful for them.
Currently, the Funded Solutions are ones that spend $1000s in airdrop CAC fighting for the attention of less than 1% of 2 billion people, but don't necessarily widen the pie.
Funding The Solutions that grow the pie is obvious (more people -> lower CAC over time), and I'm greatful that Leapfrog Builders like @stefdelev @tonyolendo @ashrafstakala and us at @parabltech are building things that make sense for the people who need it🫡
parabl
One example of what they did right but not greatly appreciated. I remember @AyaMiyagotchi has invited builders from Africa to be on Devcon mainstage to talk about the problems they are facing, I can't imagine this can happen in other ecosystems like Solana.
@VitalikButerin has been on a month-long trip with @yosephayele, etc to Africa to talk with builders there, it's very impressive to go back to blockchain's old vision to build a borderless world and actually help people in places where the financial system is broken.
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We brought some of your favorite guests together for an IRL debate in Bangkok which turned into the worst debate of all time when the debaters all ended up agreeing with each other
Tune in to hear @ldf_gm @sophiadew and @techboiafrica "argue" about the endgame for crypto
A huge shoutout to @CatalystSystem and @safe for helping make this episode possible 🙏
Links below:
Everybody should get to @oasisonchain in The Bahamas from Jan 30th to February 2nd. As fast as you can, get your life together and get to the Bahamas.
