 Yes, and here's the talk about how do we encode our values into our economic systems and then it's taught by Imagine two companies one is curing diabetes and their one is creating diabetes if you see the financial metrics of those companies They have the exact same financial metrics like revenue the profits. Everything is the same but one is killing people and one is curing disease and We markets right now kind of value those financially the same And that is crazy like isn't it that against kind of human nature and against how things should be and I think right now. This is like a system that humanity actually created and markets right now or this current system has no mechanism to actually Correct for our values or encourage positive actions or encourage communities to actually Develop their own mechanism and their own values and what they should be working towards and Our society career runs on very very extractive mechanisms They run on fossil fuels and obsessive growth without any reason and actually this is how Society Korea operates that but if we were to design Mechanisms on our economy from scratch again Would that be the case or would it be for positive outcomes to be at the core of our economic thinking and Driving positive actions and driving the different ways of how do we coordinate what value do we want to create and what jobs? Do we want to engage in? but who is Ali well I've been working on from nonprofits to startups to DC now impact doubts and all Trying to find the intersection between different roads and different perspectives So how do we achieve the most impact right now that looks like working at 50 years supporting both portfolio founders in 50 years as well as big founders in general like around the world how do we actually support them in creating these aspiring visions and We do everything we can do to actually increase their odds of success at achieving this positive outcomes in the world and So we all agreed already that positive outcomes or at least hope so that we agreed that positive outcomes should be at the core of our economic system But how do we how do we get there? right now one of the like the gold standards is Come back like that's kind of like shitty company doing killing people Giving up spare of their profits like one subset of it towards this philanthropic arm to Reduce hunger or to make up for cover markets or different things. So you're seeing like dear the but So most subsets of their externalities are towards positive things while their negative externalities are actually Orders of magnitude bigger than the positive impact they're achieving through their philanthropic arm but we re-engineering the incentives and we as we have seen with impact also with different startups we Founders that we support if profits generate mostly positive externalities Then we only have a subset of negative outcomes that we have to make up for and we can use that small philanthropic arm to actually Make up for those externalities This is a world where we kind of like engineer the railroads that keep us on track towards the positive actions The humans actually value. So if I see value in the ecology in human health in human thriving I see that value we give that monetary value. So then that incentivizes the actions and the ways of Operating a company or a project or whatever activity you do and then you know, you can actually create what humans value And even with by being part of this system, even if you're a bioactor or if you just care about like growing your economic profits Or different things you're actually create driven by your self-interest, but producing positive Outcomes in the world just by the way the system is designed. So for example, if you have an economy That's backed by nature you're of course you increase your economic outcome increase your financial measurement Whatever, but if it's back by nature, it also increases our ability to plant more trees to care for nutrients to care for the ecological system I think what three tools are one of those tools that could actually enable us to achieve that and to achieve this positive some roads and What I want to start with one of the questions that I am particularly excited about how do we embed regeneration? much earlier in the stack much so that he actually drives our actions forward and But before even in coding our values into our economic systems We need to come into coherence into what do we actually want to make decisions on how do we collectively decide what's important to us And how do we actually act on it? So previously governance systems were based on the assumption that the social contracts are different things we're meant to be for a huge groups of individuals like nation states and Prolonged for a long term, but here we actually have small communities integrating different governance mechanisms to push the decision choices to to the edges to the crowd or to Give the decision power to the experts. So these are like evolutionary always iterative decision-making mechanisms So we can implement iterate or change based on the outcomes of the team or of the project And where where do we implement this decision-making mechanisms into micro economies with these occurrences? We have the choice to design new token engineering systems that allows us to encode a Line individual incentives with collective outcomes one of these as I mentioned is like for example if you have a Accuracy that 40% of it or 50 is backed by nature by natural capital occurrences The more money is like the most currency flowing the more our ability to care for nature This can be further improved by like tying smart contracts to positive behaviors in ecological assets with these Imaging sorry imaging different sensors, etc. And then now this is a hard part How do we embed our values into different forms of capital? How do we translate the value of what we want to see in the world what we want to create more into the monetary system that our World currently operates that that we actually able to transact and like produce these economic flows So let's go back to our paradox remember the city company that was killing people with diabetes and Positive company have almost the same like the same financial metrics Of course, there's some extra costs on like local supply chains local local ingredients or giving health to their employees, etc Now but this is not actually how the world looks like This is not actually the outcomes that are coming out of these companies. It's just a monetary metrics that our current systems operate by What if we actually Saw the world in the real outcomes that came by This is including all the negative externalities like the frustration sickness fossil fuels created aren't the positive social gains of Just these companies and now we have a real math solution where it's More negative externalities shown and I think one of the problems here is also both one the timing and then to the Detachment or separation from the outcomes for what I mean by timing is that often we work on public goods on different positive outcomes or or even like kind of a change for example it took us years to realize the outcome like Consequences of our actions and then detachment. What if I am a company printing trees in the Amazon? But we're leaving here in the US like we cannot actually in our internal balance sheet. We don't actually internalize that change so there's this Both missing timing on like feedback loops that enables us to both internalize and Gain the different negative of positive externalities that will guide our actions And how do we actually make one of the potential ways in which we could achieve this to give? monetary outcomes to Different values and ways of things we want to see in the world is using on and off-chain data to define measure verify and transact these Often unmeasurable actions or projects or outcomes many times it is measurable into in markets to create impact during markets so that your part of the system and all you transact is actually the actions and the values and the experiences and the changes you're creating the world rather than just purely financial mechanisms And one of the play wheels there is first we define the value and how much we value it For example, what if we value sustainability we can create a Bonus multiplier on our performance whenever you do sustainable actions What if we value people who are doing that say soft work like the hyper connectors the weavers? We could use include systems like coordinate that actually value people more holistically for every single one of their contributions We then track and measure what we value because what gets tracks and measured gets done And then we assign monetary value to those often measure our actions So we kind of collectively use the governance mechanisms to design what is valuable for our individual community our sovereign community and then we kind of create this figure groups to increase the amount of Like visibility that these actions have and then we create incentives such as retracted funding to actually fund these actions because most of the funding right now is going to Proactively incentivize actions, but a lot of the things we need to shift is like reactively Retroactively giving back to those people who are achieving change And then I also want to touch on this part I know we're in funding commas and it's a lot about mechanism design A lot of algorithms incentives mathematical technical things But I think something that's really important about where three and I've seen it I learned with like this new thinking on impact house on economic systems decentralized societies Is that what three actually by giving us these tools to create these new? Dealt occurrences to embed our value into different forms of capital and to create the Digital nations like outside of nations states or communities just to experiment allows us to radically imagine new ways to create Society to how we transfer value and how value flows I think like what it's hugely important that because it also Recognize our capacity as creators our role as creators of like what we want to see in the world and Before we had like a textbook way of understanding economics understanding by those towards Which I think in some ways kind of like leads to scarcity whenever you don't own like many financial means Well, it is it should be a metric a proxy for abundance of like oh, I have this to give I'm creating this value and I give it to you and they were exchanged it and We can actually nest these digital different actions in this this this small microeconomies together Towards the way scale globally and one thing else is to recognize our capacity to imagine to imagine new ways of thinking new ways of coordinating new ways of valuing the actions people are doing and Imagine that we don't have to rely on like one monetary like monoculture of currencies but rather like a priority of ways to measure and transact money and Then I think this is like one of the concepts that we need both things at the same time We need to complementary Elements that are essential for a positive some world we need to inspire action because that's what it will it may be Inspire people to create these changes to wake up and to lead But we also need that to send incentives so these actions are fueled by the economy and by how we operate in the world And how people actually assign and define value of those actions and those outcomes I think this is the important part. We have to do both at the same time And this create a world where companies doing good have a non for advantage to actually make decisions come a reality That's something we're very very interested in 50 years that we try to bring them whole of support we can bring to the companies both like monetary financial and Just like but in reality is more about like Motivational strategic business side of things stuff like that, but in more broadly bringing into the world these more different ways of valuing outcomes and monetary value and this like a world driven by impact markets impact certificates in different ways to actually Transact what we want to see during the world Now finally if you're working on one of these five frameworks governance mechanisms tokenomics systems Nestle my micro economies values in depth into our economic systems or impact certificates or any other Six seventh eight or tenth away that we could actually create these worlds Let's reach out to me. Let's create something together one thing that I've learned about being in the web three space and in general this take new Kind of thinking space is that it is very much a collaborative ecosystem driven perspective where we don't only value like One what is the leading strategy? What is the best strategy? What is them? Like numbers or metrics, but rather we value the depth of impact the leverage point We're actually achieving to shift perspectives shift mindsets and shift How we operate in the world so it's no longer about just like Producing products or services or something like that But it's also about like producing the road roads that will guide us towards the right direction and when producing the road roads big folk and come in with their whole perspective experience expertise but also with more imagination and Spirit of collaboration and cooperation and that's how I've seen impact those succeed How I've seen the founders succeed and when they help out each other and I want to create this with like Every single nuance that we can implement for different communities Thank you