Why Indonesian fishers now have crypto wallets

[@freethink]

For more information on Fishcoin, check out fishcoin.co/.

[@markarca6360]

Don't let your local Central Bank roll out CBDCs.

[@MegaPeterlustig123]

This is completely nonsense. Why do you need a new coin for this? And why do you need a blockchain for this solution if it is not decentralized. Everyone on this process could still manipulate. When people stop falling for shitcoins?

[@andyy6481]

so how does this help fishermen get pay more?

[@P4nPuff]

Is it just me, or does this look like a typical cryptoscam? Also, I really like Freethink videos, but after seeing this one I still have no idea, how is this supposed to help fishermen in Indonesia or anywhere else. Can someone explain?

[@1jordy11]

Let’s say I bought fish from you for 5 and marked it up to twenty because of the blockchain we’ll know where it came from and know if I or farmer has been price gouged

[@Anna-rb6rg]

@@1jordy11 Where did you get the idea that the price of all transactions is recorded in the blockchain?

[@fakethiss]

Paidthink, brought to you by Coinbase.

[@alistairdouglas608]

To be clear, we are not assocaited with Coinbase in any way. Freethink is a very reputable organization.

[@TaigiTWeseDiplomatFormosan]

@@alistairdouglas608 oko

[@mkant]

That 40-45% increase in price might be distribution, isn't it better to provide bitcoin wallets to those fisherman and split the payment to distributor, fisherman and seller? Seller could build a simple platform that when ever you buy fish from them the payment goes directly to this entities splitting the profit

[@thor.halsli]

No need to build, it already exist. Many Blockchain does this but the most prominent i suspect is VeChain

[@mkant]

@@thor.halsli but why build specific blockchains when this people will only find more barriers to convert their value... Bitcoin is the most simple implementation because it's already adopted. Tell me if you would change your fiat for fish-coin to buy fish.

[@thor.halsli]

@@mkant I only have a bit of Bitcoin and ETH myself. But look up VeChain, i came close to invest a few dollar in the project a few years ago. It solves the distributor/logistic problem a product has from seller to buyer. in this case, the fisherman to the truck to the middleman to the store

[@alistairdouglas608]

Thank you for thinking about this. Fishers in developing nations can sell fish for as little as 5c. The cost and time of sending bitcoin is prohibitive. We can provide this service for as little as one cent in a matter of seconds. The market will eventually work out what the value of the data is. The distributor can receive tokens from their buyers. Ultimately it is the retailer/restaurant that we want to pay for the data. We split commissions with app developers who build solutions for their local fishers and farmers. The trading on fish is not so simple for platform models. Quality is ill defined and changeable so unlike a computer chip (which is called a search good) fish are an experience good that need to be seen by the buyers at every stage.

[@freethink]

@@alistairdouglas608 Good question and thank you for chiming in with your insight Alistair!

[@esudo]

Can achieve the same thing without blockchain

[@sharkyshark1]

IE nothing? because this is just a record to see who screwing everyone, it does nothing about it.

[@kanpurunplugged9970]

Can you gaurantee secured transaction without the blockchain

[@esudo]

@@kanpurunplugged9970 for the most part yes. Current banking technology is mostly secure

[@alistairdouglas608]

You can easily input data into an app, but you cannot easily, quickly, and cost effectively transfer value (money, bitcoin) for the majority of the world's fishers. Ideally the accumulated tokens (those not redeemed for a product or service) will be able to be swapped for bitcoins, money in the future when the fixed costs are negligible to the quantity/value of tokens exchanged.

[@esudo]

@@alistairdouglas608 still not seeing why it needs blockchain

[@lureup9973]

At first glance I became very excited about this idea but then I realized how simple taxing and controlling the accounts becomes for those who have authority over those using digital currencies and I just felt like a moth heading towards the flame.

[@alistairdouglas608]

We are not a digital currency. It is a token exchanged only for traceability related data and redeemable only for services like a mobile top up. The data producer is the data owner. Data are only shared between those who are transacting and they know each other - identity data is not shared with any other stakeholders without permission.

[@lureup9973]

@@alistairdouglas608 Oh, I see..I guess that relieves some of my concerns, however and perhaps you can help me understand, but I have heard of peoples wallets being stolen and hacked, and if the currency has no material substance, isn’t their wallet/account extremely vulnerable to those(authorities) and cyber criminals who have the knowledge on how to access those accounts...perhaps I should excuse myself from this conversation because, I am truly ignorant on the subject.

[@felix_thebear]

wtf why a coinbase presents? that is really not reputable

[@dertythegrower]

​​@Malicioushunter A bias... also ibm did this three years ago.. exactly this and better at it

[@alistairdouglas608]

@@dertythegrower Again. No they didn't. Our solution is very different. There is no bias. Coinbase and Fishcoin and Eachmile have never had anything to do with each other. Freethink contacted us.

[@alistairdouglas608]

Coinbase and Fishconi/Eachmile have never had anything to do with one another. They sponspred Freethink to find innovative uses of blockchain and crypto. Freethink reached out to us.

[@AlastairSmart-l8w]

Never more relevant than now. Imagine a world where all fishers and farmers have ownership of the stocks they fish, the land they plough, and the platforms that track and trade the food they provide to us. Imagine if the daughter of a fisher or the son of a farmer building the supporting applications are also shareholders in these platforms. This will lead to more equitable and responsible food production and supply chains. A critical mission largely focussed on improving the lives and financial freedom of the small scale producers in developing nations that bring us the great bulk of the food we consume on this planet

[@freethink]

Great idea. There's a lot of opportunity in making supply chains more transparent and publicly accessible, and opening doors for different links in the chain to communicate with and benefit each other.

[@andyy6481]

but they do own the stock/share owner of the fish they bring to the market, they just can't charge more because they are being priced out by bigger players in their sector.

[@eachmiletechnologies3814]

@@andyy6481 Unfortunately, the bulk of the 60 million plus fishers don't have fishing rights in the developing nations that bring 40% of the global wild caught seafood harvest, and with farming we get up to 90% of production. The bigger players are downstream in the supply chain - they are not the seafood producers, and big producers are still small on a global scale at around 10% of production. This is about more equitably rewarding those that bring us the seafood we consume.

[@andyy6481]

@@eachmiletechnologies3814 Interesting, do you have more info on this topic that you can share any links to articles? thanks.

[@SmokingOz-nd4ew]

@@eachmiletechnologies3814 so its not equality its equity?

[@ariosetiawan173]

why not Freethink Coin 😅?

[@thor.halsli]

By linking a coin to an entety, person or organisation you're essence making it centralized, witch defeated the whole purpuse of crypto

[@dertythegrower]

Because of their funding.. heh

[@Mr_Battlefield]

​@@thor.halslialso makes bigger corporations an excuse to blame the fisherman with a possible bad fish when in fact it could have been a middleman in between the supply chain that caused the bad product. The big corporations need to just pay the fisherman more for each product they sell on the market.

[@alistairdouglas608]

​@@thor.halsli We have a system that will allow the fishers and farmers, and the app developers, to become shareholders in the business of traceability splitting the commissions we make. We have to form legal entities to do that and we have to make sure the data producers are the owners of the data, and any monetization of the data has commissions that go to them. Governments need data for management and they need revenues (tax) to pay for policing. We are aggregate and anonymise data for management that can be used eventually to giver fishers ownership of the stocks of fish they rely on. We get the revenue from the supply chain actors in developed markets like the US (that imports 90% of its seafood mostly from developing nations) and that can provide tax revenues to governments.

[@heribertohernandez2910]

Should be easy to get lionfish bounties filled in or least awareness to particular issues. Communication like this is beneficial to all. I like this keeps things from getting to fishy or sharky. From a economic stand point I see Valuation 📈

[@alistairdouglas608]

Thank you. We have made it so that it can reward any data sharing in and around fishing activity or in the case of lion fish, removal of a pest species.

[@freethink]

We appreciate your comment, and we're glad to keep things from getting too fishy or sharky!

[@roytiel1405]

If you put false data in a blockchain then it's still false data 😂

[@NeoShameMan]

Not just false data, eternal false data

[@r3dp1ll]

Each data entry should be linked to a physical person or entity. That would limit the risk of fraud.

[@NeoShameMan]

@@r3dp1ll what about risk of error, IMHO these system need a revision system backed by history of change, and a conflict resolution system. These elements tend to be handled out of chain and that's a vector of attack, see the coin scam, if you bypass the whole chain the security features don't matter.

[@alistairdouglas608]

@@NeoShameMan The data cannot be revised once on the blockchain but a new record could be created and the input error recorded separately. A conflict resolution system can be necessary/useful in trading but can it be also be impractical to apply due to time and cost.

[@alistairdouglas608]

There is no incentive for a seafood buyer to purchase data that is false and is on an immutable record. We can also triangulate the veracity of the data, set tolerances, and provide alerts. For example, a fisher with a one ton boat cannot catch two tons of fish. A farmer with ponds that we can check using google maps and assess volumes, means that we can predict what a normal distribution of production would look like.

[@dertythegrower]

Not trying to downplay this but ibm literally made this already, and has a giant video of the idea before 2021.. heh

[@alistairdouglas6131]

It is not the same. As you've commented multiple times saying the same thing over and over, I feel compelled to respond. IBM is blockchain inspired, and costs fishermen $100 a month to subscribe. Useless to 95% of fishers around the world.

[@jamesstjames1289]

This sounds like another way to track people’s actions on a global scale. Big brother

[@x3n1aa]

tHERe COMInG FOr oUR FISH!!!

[@alistairdouglas608]

We do not share any meta data unless the fisher, or distributor allows for it to be shared. We can control access and permissions as well as hide identities. It is important to do that because intermediaries do not want to be disintermediated but governments/retailers need to know the product is from a legal source. So permits can be shared, or governments of exporting nations give the seafood product a green tick for governments of importing nations. We also want to make the fishers and farmers shareholders in the business or traceability and eventually trading. Data can be communicated to government on an aggregated and anonymised basis for management of the stock, until the day it can be disintegrated in return for the fishers getting ownership.

[@dertythegrower]

An idea which ibm literally showed here and i reshared it in 2020 😂

[@maheeriftikhar8578]

intruguing

[@tycooperaow]

I'm telling people, crypto literally is out here empowering lives

[@RandomPerson-tz7wk]

And also depowering lives. Lots of scam. When your top exchange are breaking down one by one. It more negative than positive. The only one that is empowering are people who do insider trading

[@dertythegrower]

Ibm did this many years ago already..

[@Mr_Battlefield]

​@@dertythegrowerdude, you're on every freaking comment stating that "IBM" already made it years ago. We get that. You don't need to keep spamming everyone about it. Do you know what goes on with this specific crypto? Maybe it has something better to offer. Maybe it doesn't. Until then just research it. Are you a fisherman? I'd say No based on all the same comments you made. The whole point of this video really is that fishermen and their families are getting screwed by big corporations not paying the fisherman for their hard work.

[@Sanglierification]

I really don't see the point lmao. If we want a solution to this problem in the same philosophy (libertarian), maybe more competition in the reseller side is a more straightforward solution?

[@alistairdouglas608]

I am sorry but I do not understand your question. I am not sure how one could generate more competition with a wild caught product that is already volatile in production.

[@Sanglierification]

@@alistairdouglas608 Have you heard of price being driven by offer and demand?

[@alistairdouglas608]

@@Sanglierification Yes of course. So what are you proposing needs to be done by whom and how?

[@Sanglierification]

@@alistairdouglas608 Well maybe fishermen can join their forces and build a cooperative of resellers that will compete with other resellers so that demand will go up and fishermen will have a more fair price for their fish. In France, we have a similar thing happening but with those who sells milk to distributors. Sorry for my broken nglish

[@dertythegrower]

This company is copying what ibm did already, years ago.. for this idea is already out for many things on fishing industry for salmon and coffee...

[@Mr_Battlefield]

@dertythegrower dude, you're on every freaking comment stating that "IBM" already made it years ago. We get that. You don't need to keep spamming everyone about it. Do you know what goes on with this specific crypto? Maybe it has something better to offer. Maybe it doesn't. Until then just research it. Are you a fisherman? I'd say No based on all the same comments you made. The whole point of this video really is that fishermen and their families are getting screwed by big corporations not paying the fisherman for their hard work.

[@alistairdouglas608]

​@@Mr_Battlefield Thank you for pointing that out. IBM made a blockchain inspired "solution" for $100/month which 95%+ of the world's fishers or farmers cannot afford, cannot pay for even if they could afford it becuase they don't have a credit card! We asked the question, should they pay for a system to record data? We think the market that is demanding this data should price it and pay for it. Our solution is free to download, free for the fisherman and farmers, and can achieve blockchain traceability for $00.01c. We have set it up that way to minimise friction but the market will eventually work out what the value of the traceability data is (and that will be pegged to the value of the fish and the market it is going to). Then there are disincentives to subscription based models that strike at the heart of your comment - "are you a fisherman?" They deal with many challenges and we need to provide them and the buyers with a system that is pay per use when everything is working properly. It is a journey.

[@alistairdouglas608]

We are not. I need to ask, are you an IBM employee?

[@alistairdouglas608]

We are not and our founders have been working in this space for more than 30 years. This is a very different business model to IBMs. We need to ask, are you an IBM employee?

[@MichaelHamilton-xx9ml]

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