[glocoin]

Yes, we will allow those. In general we'll aim to be as transparent as possible, which we believe can give us a competitive advantage over other stablecoins [1]. I personally think that being a non-profit helps with being credible in that respect.

1: https://www.globalincomecoin.com/articles/stablecoin

[bb88]

Ok that is today, but what about in the future when your board of directors changes, or your morals change?

Wouldn't it be better to just make a new security fund and then literally create new shares based upon the returns and give them to the poor?

Yes, you'd have to follow SEC rules. But, you'd also appear more legitimate, rather than trying to legitimize yourself with empty promises.

[setgree]

Hi there,

Right now, Glo the organization is still taking shape. As we formalize, we'll have things like a board of directors, and all the standard protections/checks that nonprofits have to stop them from being evil. Will that suffice to garner trust? I am not sure, but at face value, lots of nonprofits, including those that handle cash transfers, are trusted.

To reframe this question, what would suffice to elevate Glo to the same level of trustworthiness as GiveDirectly, assuming we were structured similarly?