In episode 163, we’re excited to welcome Nico Gallardo of LottoPGF, the creators of permissionless lotteries for public goods funding on Ethereum. We dive into the history of lotteries as a funding mechanism, why Ethereum is such a powerful force for community coordination and capital allocation, how permissionless lotteries are set to disrupt traditional public goods funding, unifying degens and regens to advance public goods, and much more.

--Three Key Takeaways--

• There is a strong history of lotteries funding public goods like universities and charitable institutions, but traditionally these lotteries have been heavily centralized, with decisions around capital allocation being made by a centralized authority. A decentralized, permissionless lottery would put this power in the hands of the community.
• Lotteries today require a high degree of trust. You must trust that the individuals receiving and holding the money will use a fair process for choosing a winner and will distribute the funds as promised. A blockchain-based lottery would address this by creating an open source, trustless system for choosing a winner and allocating funds.
• Traditionally “degens” and “regens” have been viewed as opposites that are incompatible with each other. However, there are a lot that these communities can learn from each other. Degens, on the one hand, are great at coordinating communities and raising funds, and there is a lot that regens can learn from this. As such, it’s important to explore ways that these two communities can work together for social good.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-163-lottopgf-unifying-degens-and-regens-as-a-force-for-public-goods

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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.