From Giveth to Source Cred

Recognizing the people for the value they create

Krijn Soeteman
Nature 2.0
2 min readApr 13, 2019

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“We recognize the people for the value they create, it’s like decentralized recognition. You can see how it affects other people and all network properties”, is in short how Team Source Cred describes itself to an outsider.

First drawing

The whole Giveth ecosystem consists of five teams at the Odyssey Hackathon in Groningen. Two of the five teams take part in the Nature 2.0 track and the Source Cred team focuses on the governance part of the system. The entire plan of the five teams can be explained in a platform where investors are connected to a hands-on charity.

The problem with a charity system is that is still relies on ‘legacy money’ and that is exactly what Nature 2.0 tries to avoid. How to fit a charity system into a commons-model without money? A system of abundance and resilience?

Value linked to individuals in the system

What is Source Cred building? A system which assigns value, but community values, so not a monetary value. These days it’s common to receive a salary for work, but some communities work differently. Some communities are structured differently where value is linked to individuals in a system. Source Cred: assigning credit. Value should not be seen as an economic value, but as a value from you to me.

As an example, think of Sarah, she booked the travels for the team, she arranged everything. Everything she did is important for the group as a whole, but her value for the project is not very visible. If you let that go, it turns out that Sarah is very much appreciated by the whole group.

It’s a scalable system. You can interexchange different types of data. Network systems and network language is therefore very important, because in other ways you can also use them to make clear what essentially has the most traction and there you can apply decision making.

If you want to imagine how this works, you have to focus on how communities function.

If you only stick to communities, you can see that when you look at the fork Momentum Voting

To imagine this, you have to think about how communities work.

Second drawing

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Krijn Soeteman
Nature 2.0

Freelance science & tech journalist & blockchain enthousiast. Love to mix tech, science, (the) art(s), culture and Ubuntu. Amsterdam · ksoeteman.nl