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Social Good & the Global Future of Finance by Natasha Paracha
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Nov 6, 2023
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0:00
Greg, so do you want to get us started on basically telling the world about SchoolCoin and what our vision is
0:09
I think it's best if you take the lead because I know it's all fresh in your head from this weekend
0:15
Yeah, absolutely. Thank you. And thanks for the opportunity to be here
0:20
What we've built is a pretty exciting ecosystem of metacurrencies that allow us to reward people for creating learning apps
0:27
And so we're cleverly putting nested NFTs together that allow people and incentivize people to create their own culture and their own games and their own way of learning
0:40
So, you know, ultimately, instead of like creating a prescription that we force onto people and say, hey, this is how you have to engage as a community
0:49
This is the best way we're creating a system in which people can create their own culture and their own way of learning
0:55
And so this ability to tailor your own games in the local level allows our school coin to just allow that flow to move back and forth, allow that interaction to happen and reward people for creating and earning and learning within our ecosystem
1:11
And it also is focused on creating this avenue of creators and builders of games and apps
1:19
So it's a good mixture of value flow and reputation flow. So where we're at at this point is funding now this new coin that allows us to create builders, designers, and aggregators within a school coin community
1:39
So a coder is obviously somebody that can work within code. A designer is somebody who can stack coding functions to create clever games and apps
1:48
And then an aggregator is somebody within the community that can do sense making amongst cultures
1:54
So you can now have a class of people that are saying, all right, if I'm building a reputation value in one network, how do I make that cross or translate into another network
2:05
So if I learn a certain skill and say prerequisite math, that reputation then translates over into another level of math
2:17
Right. So you have to complete one to get into the next. So. So, yeah, so that's basically school coin
2:23
We feel like it's an absorbent structure that allows us to be flexible and will always be relevant because we're allowing communities to create their own learning cultures
2:32
and another point that's really interesting and amazing about school coin is that we are
2:40
backed by hard assets so we are one of the only tokens in the world we're actually securing a deal
2:46
down in panama and columbia right now we'll be backed by gold and silver and then with our mining
2:51
we also have our own crypto mining arm one of the largest oil and gas companies in the world
2:56
they will handle all of our Bitcoin mining. So we are one of the very few tokens that is backed by hard assets
3:06
And I think that's just something that the crypto community needs to look into
3:10
because there are so many new projects that are coming into play
3:14
but there's no backing. So I think that we need to really have utility in the crypto space
3:21
because we don't want to see another Luna and then, you know, kids just losing all of their money
3:28
And another thing about SchoolCoin is that, you know, I'm going to take the U.S. as an example
3:34
80% of the U.S. population is at or below the poverty line
3:38
So kids are already at a disadvantage. So if we have this new technology
3:45
why aren't we using it for these children so they can benefit from it
3:50
Um, so that's why, you know, that was my thinking behind SchoolCoin is that I want to give every child the advantage to have hot lunches, to have private tutors, to have, um, access to higher education
4:04
Um, and this token can be used throughout the world. Um, and you can even use it like in India and Pakistan, for example, um, you can use, the token can be utilized in the village schools
4:15
You know, we can have the village head award the token to the students. And then I will like Pakistan, for example, we have root school, beacon house, etc. And now these kids can go and attend actual schooling rather than having to, you know, just go to like a village head and have, you know, a group of 30 kids just, you know, learning whatever they can in their villages
4:40
We want to send them into the cities. We want these kids that don't have, you know, right now they don't have the access and we want to provide access. And I think it's really important for the developing world
4:50
no those are two really good points of uh on one level we need to inoculate the economies we create
4:58
from the fluctuations of the speculative market and this is where when everybody says oh wait till
5:03
nft start evolving right and the first generation of nfts were kind of this obvious oh profile pics
5:10
and blah blah blah you know some artists that are looking to kind of elevate themselves could use
5:15
the medium. But now as we're getting further into our understanding, the tools and the capabilities
5:21
are increasing, more people are having access and understanding. Now we can create apps that allow
5:27
us to just create engagement rather than, you know, it being almost a fetish on the tech where
5:32
you have to understand a lot about the code in the background to have faith in the system
5:37
Now what we're building with this type of system is something that can be blind to it and people
5:43
just engage, right? They're going to learn, they're going to put their curriculums into these
5:46
programs and then start earning for doing certain things. So that gets into another level too of
5:52
allowing people access or easy access to value creation. You know, so if you think, I heard a
5:57
story of some guy who was an Uber driver and he had some big wall street back, you know, driver in
6:02
the back. And that's like, the guy is cutting deals on the call gets out and he goes, Hey man
6:06
in that call, I just made $900,000, you know, in that little Uber ride. And it's like, so it's not
6:12
like this idea that it's, you have to work harder. It's hard work that earns money. It's not really
6:17
you know, it's easy access. You know, that guy obviously had access to an education and a network
6:22
that allowed him to make $900,000 in an Uber ride. Right. So how do we expand or offer that easy
6:28
access to value generation and creation and harvesting to everybody? And this is a system
6:33
that does that. And, uh, and like I said, it's, it's not a, this is how you engage, but this is
6:39
a bunch of tools that allow you to create your own engagement. Exactly
6:44
And that's, that's, what's exciting. I was talking to Aurora AI their AI partner So we were talking about how we would do various calls over Zoom for these kids
7:01
And like, for example, like, let's say you're into robotics and you're into space and whatnot
7:07
So the kids that get awarded, you know, that do well through their various programs all around the world, they get to hop on a Zoom class with, let's say, Elon Musk
7:18
you know like how crazy is that that you get access to somebody to like you know the billionaires of
7:24
the world or or the people that you really want to engage with you know if i was like and that and
7:30
that's what would incentivize me to do well in school like wow if i get the opportunity to speak
7:34
to elon musk i'm definitely going to like excel right and then and let's say like let's say you're
7:40
in argentina or you know somewhere in latin america and you're really into like sports and
7:45
you're really into street soccer and what will incentivize you to do well in school because if
7:51
you're you know you're mostly into soccer let's say okay well we have a zoom with messy oh my gosh
7:57
I think like every little boy in the world would want to be on on that zoom with messy so
8:03
it's just providing access and I want kids to get excited about school and I want teachers to be
8:10
motivated to teach as well. So, and another thing I was speaking to my boyfriend's mom
8:16
she's a second grade school teacher. And she was like, Oh, I have to figure out my lesson plan for
8:21
tomorrow. It has to be around bees. I'm like, Oh my, I have a son, he's in kindergarten. And I was
8:28
like, Oh yeah, my son's class, they just did like a little thing on bees and about pollination and
8:36
whatnot. So how incredible would it be to allow teachers to get on Zooms globally with other
8:42
teachers and figure out lesson plans? Because right now they're just having to do it all on
8:47
their own. You know, you have, and my son's kindergarten teacher, she told me, she's from
8:53
Egypt. And she told me, you know, I go to sleep at two o'clock in the morning
9:01
you know, figuring out my lesson plan and I have to be up and she's Muslim. So she has to be up
9:05
by five and pray. And so it's like, she's literally running on three hours of sleep because
9:10
she doesn't have access to, you know, lesson plans. And she needs to basically come up
9:17
with everything on her own. So I think it's really important, even, you know, school
9:22
school coin for the teachers to allow access and it will alleviate so much pressure and so much
9:27
burden on just the whole system. Absolutely. No, that's the teachers have been at our stand
9:36
to benefit greatly because they're going to have a whole library of tools where they can easily sit
9:41
there and say, okay, let's look at everything from like a spelling list. You know, could I
9:46
easily put my spelling list into an earning game that allows my kids to go there, learn the material
9:52
and earn a little value that goes to school supplies or electric costs to school or whatever
9:57
it might be. And then in the case of, say, like a heavy influencer, right, they're calling this next
10:03
economy the creator economy. So let's say Elon or even like you say, a sports star like Messe
10:09
it's like, OK, could they create a series of games or an app or a metaverse environment where
10:14
a kid can go in and say they want to be a good soccer player? Well, Messe could have a curriculum
10:21
of skills to build on, nutrition, sleep, all these other peripheral things that you could
10:28
get somebody to do, stretching, all these things, right? And you could start building these soccer players
10:34
Or say Elon Musk wants to build a bunch of people that are good for a space program
10:38
right? He could set up a curriculum built in that you learn and you earn on the way there
10:43
And then he would basically have a pool of people over time that have the proper skills
10:49
that he could then employ. And so as you go through your Elon curriculum and you're earning the tokens and stuff, almost like a Boy Scout badge or like, you know, you're going up and you're earning and then boom, by the time you get to the highest level, people in that organization will know exactly kind of like where you're coming from, what preparation you did
11:07
And, you know, so I kind of see this is how, you know, fan bases and celebrities can, you know, use their influence for good and allow their, you know, just get really prescriptive with it
11:22
Right. If you want to teach something, you want to teach school kids something, we have the medium in which you can build it and kids can make money doing it
11:30
This is how you're going to interact with your fan bases if you're a sports star or a celebrity
11:36
Yeah, it's really exciting. So I'm really glad that we're giving access to these children, the teachers, and just everything in general. And then I wanted to basically touch on basic DAOing, the actual DAO system, and then also the NFTs for celebrities and athletes and artists
12:01
so what's going on right now in the world I don't know if you know but like Justin Timberlake he
12:05
just had to sell his collection for he had to do his own deal and sell his collection for a hundred
12:09
million dollars he needed the funds and like Bruno Mars he's trying to get a loan on his music
12:16
collection so these artists are being taken advantage of by like by their sports either
12:22
agents by like you know like let's say the movie is like by these big conglomerates and so now we
12:30
We want to create DAOs for these individual artists, celebrities and athletes so that they can protect themselves and their families
12:39
You know, we want to take out the middleman. We want to take out the middleman that's taking advantage of the system and of these people
12:46
So I think it's really important for athletes that are already, you know, well known
12:53
And it's also important for athletes that are starting out. We want to start these kids out with from a young age and protect them as they grow
13:01
You know, it's kind of like building build like building a trust or building, you know, a company
13:06
But you're being correct. You're being protected every step of the way. And that's one of the main things about SchoolCoin is just the protection of, you know, yourself
13:18
You are the asset, you know. So we really want to protect every individual
13:22
you're right and this is this layering of different tokens coins nfts this isn't just
13:29
dependent on one market influx right and then the community value starts going down or up
13:35
this adds a level of stability because it is a layered marketplace and there's utility right so
13:41
if you come in and you going to get a bunch of school coin and now you you participating in an ecosystem and you can pass that value around you can get apps and games made and then you can start earning
13:53
more and more as people start using your apps and games as a coder so this is an echo an ecosystem
13:59
that encourages participation and not just kind of like this this investor class that does nothing
14:07
in there right like you come in you're now part of our ecosystem you're now engaged and you have
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have these like incentives to stay engaged and educating children is a good reason to stay
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engaged, you know, and it's a good reason for an athlete or an influencer to come to our environment
14:23
use our coin to build some kind of engagement game that teaches people some kind of directive
14:29
So if you're an influencer or celebrity that wants, I don't know, you know, it's STEM or
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you know, you want to market toward girls to get, you know, more engineering, you know
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You could start building a brand around that content and around your brand to target that audience
14:45
And then what makes it fun, what makes it rewarding is the fact that you can earn school coin every time you create a game and somebody accomplishes the game, the conditions of the game you set
14:56
So, so, yeah, this is so exciting. And the structure can be used anywhere
15:00
That's the good point about this is that we could use this in many different contexts and allow people to create their own engagement tools and culture
15:09
Yeah. And so another fun thing that we're doing is teaching kids how to invest and trade. So we had a meeting a few weeks ago with one of our partners. They were going to be our staking partner. And then me and my head of marketing were like, wait, hold on a second
15:26
Like how, you know, it's, it's very like staking is very dangerous, especially teaching kids
15:31
But then we're like, okay, we'll just turn it into a game. Well, so basically we're going to create an exchange for kids to learn how to trade and
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learn how to invest. And so they won't be trading actual money, but they'll be trading within the system
15:48
And then once, you know, when they do well, they get awarded in school coin
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so it's it's really exciting because i would really i think kids would do really well um
15:59
learning how to trade in the stock market so i think it's financial literacy i mean that's that's
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something that's kind of a taboo issue right money's taboo in our capitalist culture and so
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of course we don't teach it and you know we put a lot of barriers around it and i don't know
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sometimes it's the blind leading the blind if you look at our society and say you know like
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a bunch of people in debt teaching the next generation how to like get into debt um so yeah
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let's let's build something that's more absorbent and uh relevant and relevant to the time uh now
16:34
some of the pitfalls and i think the last conversation was touching on some of this is
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like you know blockchain is just more capitalism so at some point there are some exploitative uh
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choke points and i think now school coin is a representation of a next generation system
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that addresses some of the vulnerabilities of these centralized, faux decentralized, you know
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like, I don't know, the marketplace is going through a crazy shift. And, you know, we're getting
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to redefine it. And so I feel like each generation of tools that we're building is coming out stronger
17:09
than the last. And thus is the arms race of crypto economics. Yes, we're still in the wild
17:17
Wild West, but this is an exciting time to build. Everyone always comes in during the end of the
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bull run. You get all these people just excited about crypto and then the market crashes. And
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honestly, I like the bear market because that's when the real people come out and then we're like
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okay, now let's build. It gives us time to build and really think about our project and how we
17:46
want to excel because during the bull market it is just like you know everybody just swarms in and
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it's like all haphazard and there's just so much chaos and then finally when the market kind of
17:57
stabilizes and you're like okay all right guys let's get to work now so no it's a great sticker
18:02
you're right it's a it's a big indicator i'm i'm seeing the people close to me you know it's down
18:07
and i've got some buddies are like doing the i told you nfts blah blah blah and i'm just like oh
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you're identifying yourself as not understanding that this is a requirement for extreme wealth
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building. If it was a completely upward market, which is fantasy, you wouldn't be able to make
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money. Now we can use our education, everything we learned in the past two, three years. And now
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that the market's really low, now we stand to build, make, engage, create relationships
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create value, and then harvest that value in these tokens. And yeah, thank goodness
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there's a bear market right now because now we get to make these moves and extreme wealth will
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be around the corner. Yeah. And then another important thing I think about crypto is like
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you have to look at, it's such a young industry that you have to look at this for the long term
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Like we're still so early in this space. I was telling my boyfriend the other day, I was like
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my portfolio, he's like, your portfolio crashed 94% this run. And you're still smiling. I'm like
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well, because I'm up, you know, I started in crypto in 2015. So I'm like, I'm not looking
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at the short term, I'm looking at the long term. I'm like, if it like if this looks is this is what
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a 94% crash looks like in crypto, wow, like I'm, I'm excited. Because I don't know what's gonna
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the next four years like yeah so you have to look at i really think that when you're investing
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and that's another thing that i want to speak about when you're investing in crypto don't look
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at it like you're going to get rich quick tomorrow look go really go and look at the projects and
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read about them read the white paper see if this project has real utility you know don't just go
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invest because, you know, everybody's talking about it or because it's being marketed in such
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a way like you really have to look at the longevity of the project and you have to look at
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you know, where is the value? Is there real utility behind it? Those are the projects that
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you want to be in, you know? And then like with SchoolCoin, I'm like, what happens if my project
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fails? You know, I still want my investors to be happy. So that's why we have, you know
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our crypto mining arm. So we're going to be mining, you know, millions of dollars of Bitcoin
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every month. And then we have, we've secured space in the metaverse that will add value with
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our metaverse partners And then we backed by hard assets What other token can say that they backed by gold and silver and they have vaults like in different countries So you really have to look at where the utility Because a crypto project can just be made on your phone and you hire whatever marketing people but then there no real utility behind it
20:58
You know, and then that's why so many projects are, you know, getting screwed over and so many people are getting screwed over because there's no utility
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So you really have to look at projects and, OK, number one, where is the utility
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Number two, are they backed by anything? You know, what what happens if the project fails
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Will the investors get their money back? Then number three, do they have their own exchange
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You know, like when you like that's another big thing. So with school coin, we will have our own exchange, you know, because what if one of these other exchanges like we don't want another Mt. Gox situation
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What if they what if they crash and I call the person who ran the exchange
21:39
He's like, well, I'm sorry, Natasha. There's nothing I can do. Then I you know, so I have to be, you know, and I'm thinking as I'm I'm thinking as a mother, you know, so I'm thinking that I need to protect every kid
21:51
And how will I do that? And building an exchange and having school coin as its own exchange is really important
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And then if we do offer the tokens on other exchanges, we need to make sure that those partnerships are secure and intact
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And we have, you know, and then we have assets that are backing it
22:10
So you're talking like you're reminding me of I build a couple of green energy grids or renewable energy grids
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and all these government projects take one technology and then they try to put it in this
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extreme case and then when it fails they go oh look i guess this didn't work and you're like alone
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why do anybody think about doing solar and bio and like build some redundancy and redefine the
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grid in a decentralized way in the same way with this like instead of uh completely dictating
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the way this is more of a layered approach where you're coming in with assets, NFTs
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other DeFi platforms that can come in, metaverses, and you are inoculating the small communities
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that you're creating from a lot of the volatility. We talk about community building, but maybe we
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should say resilient community building. We need to build communities that can handle change
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and even if we create a like when when i first met natasha and she told me about this project
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of course first thing you start doing is googling other coins out there and what are they doing and one of the problems i saw was every kind of learning coin was just a teaching fintech crypto
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and they were teaching they had this kind of rigid structure that was telling people here's my app and
23:28
this is how you do it vice we've created an ecosystem that says here's the framework of
23:34
building things and we're always going to be fresh and tailored and new and relevant because we're
23:39
incentivizing people to build and i think that's one of those when you you know when you ask people
23:43
like do your research say hey are they dictating the game or are they creating game builders that
23:50
are allowing the game to evolve and that evolution and in your system is a indicator of a successful
23:59
system, right? My system isn't rigid and going to be dead and broken and irrelevant in six months
24:04
because things are going to change. No, mine's always going to be a relevant system because
24:08
it's built to change. Yeah, that's exciting. So I'm glad that we're really like, I'm glad I built
24:17
or this team that came together with you and with Denise Holt, who's our head of marketing and
24:24
branding. We actually have Bernie Rice. He was one of the first people at IBM and we helped
24:31
restructure IBM in the early days. He's one of our senior advisors. We have Winston Churchill's
24:37
grandson who is head of the Libertarian Party, Paco Churchill. He's one of our senior advisors
24:43
as well. Then we have Bola Adiko, who is head of procurement at Goldman Sachs and most recently
24:49
head of the Nigerian Stock Exchange as one of our senior advisors
24:55
And so I think we have an amazing team that's very dedicated and loyal
24:59
and we're really excited to build this and bring it out to the world
25:06
Absolutely. And I've normally, you know, when you deal in a subject with children
25:12
it's always touchy because, you know, children are vulnerable. and you know i've seen well-intended people go really sideways in projects involving children
25:21
but this seems like one where you can really benefit a lot of children without that vulnerability
25:28
of like the exploitation that comes with working on projects that involve children so um you know
25:35
hats off to tcg world which is our metaverse partner that's creating a kid-friendly metaverse
25:41
brilliant when when you introduced me to them i was like yes that's that's the way to go you know
25:47
somebody needs to go in there make sure that the engagement environment is clean and and proper for
25:52
children and then we can start interacting in a different way and uh you know we ourselves have
25:58
to have that kind of like responsible stewardship to create the proper systems that uh create a
26:04
healthy environment. And that's the goal. And I think that as we share data and we have this
26:11
ecosystem that is taking lessons learned and allowing the best and most merited systems to
26:18
rise to the top, that that's how most people will be impacted in a positive way
26:23
Yeah. And a lot of the companies that we've chosen to partner with
26:27
they are, they have been startup projects and they've had other startups and
26:31
they've all unicorned and um you know where and where all of our partners are intending to go
26:38
public like our crypto mining arm eagle natural resources they're going public in july um pre-cog
26:44
finance who is going to be our staking partner for the uh uh kids kid-friendly exchange um they're
26:51
looking at they're going to be public by next year you know we're looking to take school coin public
26:55
next year as well. So, you know, and it's, it's just a really exciting time. And I've really
27:02
you know, building out SchoolCoin, I thought, because I have a six year old, a five year old
27:07
and two year old, I was thinking of my own children, you know, so I built it as
27:12
as what I want for my kids. And I want that for every kid in the world
27:18
Good ambition, good intention. And thanks again for this opportunity to present our project
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