861700
Kent Babin

@kentb #861700

/allthingsfiction. Accidental Intrigue podcast (https://accidentalintrigue.com). Furtive Khan novels (https://www.amazon.com/dp/B08CB6H3SH). @carboncopy-refi.
491 Follower 71 Following
Oops, forgot to cast this in the channel.
Here's my Fiction Wrapped for 2024!

Favourite read: Citizen Orlov by Jonathan Payne

https://www.amazon.com/gp/aw/d/B0B8T2VVG1

Wasn't the best written or most interesting, but it has the quality of being so against the grain in the genre that I can't help but appreciate the author for going out on a limb. I've tried to do the same with my own novels but haven't received anywhere close to the same acclaim. 😂

Favourite watch: A Spy Among Friends

https://m.imdb.com/title/tt15565872/

The cinematography and pace of Ripley almost got it top spot, but A Spy Among Friends was really really good. It follows Kim Philby's exfiltration from the UK and early life in the Soviet Union, but hypothesizes that the British met with Philby in Lebanon to convince the Soviets that he was a plant and could therefore not be trusted.

Honourable mentions: Bodkin, Ripley, A Man in Full (series), The Diplomat
It's time for the inaugural Fiction Wrapped here on /allthingsfiction! 🥳

What does that mean?

You're going to tell us about your year in fiction.

- Favourite thing you read and why + link
- Favourite thing you watched....
- Favourite thing you listened to...
- Any honourable mentions

Quote this cast so everyone can see your answer!
Need to put my money where my mouth is:

- Regime change isn't easy, Harold.

- It is until a lowly plumber decides to play mercenary.

- You know I'm not really a plumber.

- You unclog shit for a living. What other name is there? Come to think of it, you did the exact opposite this time. But that's beside the point. Now I have the prime minister screaming at me wondering why on earth the dictator is still in his palace and your face is plastered across every screen from here to Cape Town.

- Are you done?

- Patronize me at your peril, I swear.

- I wouldn't think of it.

- Then for all that's good and holy, what the hell did you think you were doing?

- They're dirty, Harold.

- Who?

- The team you sent in. They planned to take the country for themselves.

- But that's the bloody point, isn't it! We can't have these countries running themselves of their own free will. How do you think we built this country? Hard work? Ha!
6 hours to go until the end of the @octant Epoch 6 Snapshot vote!

@carboncopy-refi would sincerely appreciate your vote if you haven't cast it already.

We're building the information and data hub for the ReFi space. We want to help the great projects in the space demonstrate and promote their ecological and social impact.

2025 should be a big year for us as we look to integrate data streams into our impact dashboard and build an ecosystem management tool that can be used by any other on-chain ecosystem.

Thank you! 💚
Where does ReFi go from here?

1) 2025 seems like an important year. A potential bull run means more money coming on-chain, better investor interest, and stronger media interest. Some of the core infra built during the bear market will finally have a chance to prove itself in the spotlight.

2) Generating verified on-chain ecological credits is one such piece of infra. Both Regen Network and Open Forest Protocol plan to issue significant numbers of credits next year. Question is: will there be a big enough market for them to drive scale?

3) The other thing that needs to make significant progress next year are the investment instruments and currencies that aim drive capital to impact projects. Hard to imagine degens and the like interested in 10% gains when 1000x gains are on the table, so who are the end users going to be? A lot of energy has been put into converting degens. Perhaps that isn't the right strategy.
What's holding ReFi back?

1) Relatively low levels of funding. Institutional investors are hesitant due to the lack of commercialization potential of ReFi; the space isn't ready for retail investors to fill the gap; large donors prefer to distribute funds via intermediaries. It all adds up to a lot of projects fighting over a small amount of money.

2) The "blockchain will fix the carbon markets" narrative grabbed all the headlines during the last bull run (due to revenue potential and subsequent venture funding) but the result put ReFi in a small box. Carbon tunnel syndrome, they call it. When things didn't go as planned with the carbon markets, ReFi was left for dead. Vaporware/scams didn't help either. That ReFi buidlers kept on buidling through the bear market tells you a lot.

3) ReFi also lacks a consensus definition and narrative. We all have a different way of describing it, from programmable money to Web3-powered ecological and social impact, which only serves to confuse people.
Why should anyone care about ReFi?

1) For those of us in crypto, it's an opportunity to promote a positive narrative to skeptics; a way to demonstrate how crypto is doing good in the world.

2) It's creating new ways to invest in sustainability and regeneration. Last I checked, sustainable investment options were pretty grim. ReFi projects are building those options for crypto natives. They may not offer the 10,000x potential of memecoins, but the chances of getting rekt are also a lot lower.

3) It's filling the grassroots funding gap. Something like 97% of all funding to African NGOs passes through Global North NGOs first. A classic rent-seeking scenario that has been a foundational part of the crypto narrative since day 1. We have the tools to cut out the intermediaries. Now we just have to do it.

4) We need frameworks to accurately value nature. This isn't specific to Web3 or ReFi, even, but why not us? Why not an industry that has staked its reputation on creating new value mechanisms?
Currently in 29th place. Need to get into the top 18!

If you've staked $GLM on @octant, vote for us here:

https://snapshot.box/#/s:octantapp.eth/proposal/0xbe14cdafb5f910c068d83b5e99a27e9a34fa3a3646b3926796d1cf772000af0a

We'd be eternally grateful!
I would be remiss if I didn't mention regenerative agriculture in the context of ReFi. The goal is a shift away from monoculture farming to beneficial practices such as agroforestry and syntropic farming.

We know that the vast majority of food production in Africa and Asia is done by smallholder farmers. But we also know that monoculture farming is seen as the most lucrative (and harmful), although some studies suggest yields can actually increase with regenerative practices. Either way, small holder farmers need economic assurances before investing in a transition.

Ecological credits are considered one solution. ReFi has the frameworks in place to help small holder farmers verify and issue credits for activities such as preserving tree cover, practicing polyculture, and conserving water. Shamba Network and Regen Network are working towards this.

Another is regenerative farming yield as collateral in a larger regenerative economy. @kokonutnetwork is leading the way in that area.
As promised, @christin, here are some examples of ReFi projects across the different categories:

1. Grants to projects and individuals

- @climatenetwork @gitcoin @maearth @celo @refidao

2. Rewards for climate- and social-positive activities

- DeCleanup, Arkreen, AquaSave, Treegens, Beach Collective, Cleanify, Litter Token, UCO Network

3. Retail investments in impact ventures

- @ethichub @refimedellin ReFi Hub, Unergy, Alternun, penomo, $EARTH

4. Universal Basic Income allocations

- ImpactMarket, GoodDollar, Circles

5. Ecological credit verification and sales

- Regen Network, Open Forest Protocol, Shamba Network, Carbify, Glow Foundation

We have an expansive list of projects working in the space at https://carboncopy.news/projects
Next up, a little context.

Regenerative Finance is rooted in regenerative economic theory.

The idea is that we need to move away from our existing "extractive" economic model, where we typically exploit the earth's resources for profit, to a regenerative model where we prioritize regenerating the earth and society in tandem with profit.

A blockchain example of a regenerative economy is a chain like @celo that allocates a portion of its transaction fees to support public goods and climate impact.

@octant is another great example. It takes the proceeds from staked ETH and uses them to fund public goods. @glodollar does the same with the revenue from its stablecoin reserve.

Examples are harder to find in the real-world. An example would be a company that allocates some of its revenue to regenerating the surrounding area.

In the next cast, I'll list more specific examples, @christin.
Now that @carboncopy-refi is part of the @octant Epoch 6 snapshot vote from Dec 12th-17th, it's a great time to fulfill my promise to @christin by writing about ReFi, why it's important, and what CARBON Copy is doing to help.

First up, what the hell is ReFi, aka the on-chain version of Regenerative Finance?

Think of it as the funding layer for ecological and social impact at the grassroots level.

It's crypto's answer to the massive development and climate finance gap in places most affected by climate change and social inequality.

Funding is distributed in 5 broad ways:

1. Grants to projects and individuals through

2. Rewards for climate- and social-positive activities

3. Retail investments in impact ventures

4. Universal Basic Income allocations

5. Ecological credit sales

The idea is to create sustainable funding flows to the people they need it most so they can behind to regenerate their environment and society.
Strong submission to the weekend writing prompt!

@feeei @markmcclure.eth @dauleah @christin Care for a submission of your own?
How about a weekend writing prompt?

Respond as a character of your choice to this (and continue the dialogue, if you wish):

"You know what this looks like, right? No? Well, let me tell you what it looks like. A dumpster fire. How did you even get yourself into this?"
Anyone else looking forward to Black Doves in Netflix?

https://www.netflix.com/ro-en/title/81682935

I find the British to be so much better at the espionage genre than anyone else.

Slow Horses on Apple TV is also really good. The novels are excellent as well!
Japanese "comfort" fiction on 🔥

"Known in the industry as “healing” or “heartwarming” fiction, comfort books often go unreviewed in the press but represent more than half of the bestselling Japanese fiction titles this year. There are recurring motifs: coffee shops (Toshikazu Kawaguchi’s Before the Coffee Gets Cold); bookstores and libraries (Michiko Aoyama’s What You Are Looking for Is in the Library); and, most of all, cats (Makato Shinkai’s She and Her Cat)."

https://www.theguardian.com/books/2024/nov/23/japanese-fiction-britain-translation
Starting House of Cards the novel today.

What are you reading, watching, listening to?
Separation of corporation and state is the new secularism.
Just finished The Children of Men.

After you get through Theo's journal entries at the beginning, the story really flows. Also liked the pre-apocalyptic ambience. It just felt dark and moody, hinting at an undesirable future.

Some other thoughts:

1. I remember the movie going in a completely different direction at one point. Need to re-watch to confirm that.

2. If #1 is in fact correct, I've always wondered how it feels as an author to see your story changed significantly to fit a different medium or target audience. The money surely helps, but it must sting a bit?

3. This makes me realize how important premise and character arcs are for film/series adaptation.

Thanks again for the rec, @tokenizedhuman!
This is an important read on why its so easy to tolerate UI/UX issues when users stand to make money. It also explains why the barrier to usability is so much higher for onboarding new users to other on-chain activities like governance and coordination.