If you aren't developer in crypto...

You should become one!

This email would make you $2 per month passive income - it would be sneak preview of what would be possible in ETH ecosystem.

Not a financial advice, nothing is guaranteed and money at risk. As always

For usual people what they need from the company / the world is either the website or some app. You go to website dot com and use it.

If you are smart you will notice how repetitive basic stuff is: doesn’t matter if you are buying or selling - you will probably do similar things over and over.

Say you work in “social media“ - if you have to post some content on daily basis using schedule better to automate. So you would use https://buffer.com/ - and pay $15 and be limited in functionality to things buffer product owner decided to implement.

You are still limited by "data silo“

But what if you want to automate things that aren’t available out of the box? Those few rare edge cases not handled by SaaS?

You need to learn either zapier or basic python ( or another versatile scripting language )

Web business models vs “Agent based DeFi“

Source: https://www.slideshare.net/userfeeds

Web 3.0

So what you do with DeFi and what’s it’s purpose?

Say your actions would be:

• buying

• lending or borrowing

• leverage or hedge

• earn or hire people

• or maybe more

  But Kacper, why you need DeFi for? I already have BitMex / Derebit / regular regulated exchanges and multiple existing financial products: DeFi is just empty marketing brand and it’s not even decentralised?

  Ok, that’s kind-of true: Derebit is much more scaleable than dYdX. Spreads on centralised exchanges may be lower and you don’t have to pay gas fees that may make trading with small amounts expensive.

  What you are getting from DeFi ecosystem is twofold: freedom from custody and freedom to API - you don’t need PSD2 or open banking regulations and expensive lawyers: every smart contract is an API for you!

  1. Your funds will be yours and remain yours

  2. You will ~always have access to API underlying the centralised website.

  For example: cryptokitties smart contract: you could use it via Etherscan or via ETH node / Infura or you could use alternative centralised interface if you wish.

  

  Ok, where is my $2?
  HumanityDAO is experimental identity and UBI

  Humanity is a game that is designed to incentivize a set of economic actors to maintain a registry of unique human identities without a central authority.

  https://medium.com/@mcateer/introducing-humanity-90ddf9ead235
  You have to get into token curated registry and convince the crowd that you are indeed human. If you pass you will get your NEETbucks:

  

  But you have to claim it by clicking the button. // Duh! It’s little annoying to click the button to get just $1?
  
  Don’t worry you could automate it via Brownie which is like web3js but for Python: https://eth-brownie.readthedocs.io/en/latest/quickstart.html

Example python script for 0x762d141b8D9600bde64138762E6Fb38Efc56dcBA

from brownie import network, Contract

from brownie import accounts

import json

import requests

network.connect('mainnet')

#Part above specifies dependencies and connects to the ETH mainnet. 

data = requests.get("https://api.etherscan.io/api?module=contract&action=getabi&address=0x762d141b8d9600bde64138762e6fb38efc56dcba").json()

# This part get's the smart contract ABI ( Application Binary Interface )  - so other programs would know which functions to invoke

abi = json.loads(data['result'])
# If you want to see how ABI looks like

c = Contract("HumanityDAO", "0x762d141b8D9600bde64138762E6Fb38Efc56dcBA", abi)

# Imagine being able to interact with any smart contracts with few lines of python. The net is vast and infinite  

accounts.add("privkey")

# I strongly suggest trying this on testnet or trying with dedicated account with very low amount of ETH as mistakes are costly and real. 

c.claim({'from': accounts[0]})
# this sends the transactions if you provided ENV Infura key

What if ABI isn’t available? Or you aren’t sure what the claim function does?

You could use Eveem to decompile deployed smart contracts:
https://www.eveem.org/code/0x762d141b8D9600bde64138762E6Fb38Efc56dcBA

If you don’t understand this code? Well, you could always hire some dev or ask some community members for a write-up. This makes sure that there are multiple eyes looking at the code: it helps with transparency and making sure that you would still have access.

Final step :

Put code from previous section into crontab so it will execute for example once per month ( you don’t want to execute it too frequently as every transaction costs gas )

And second dollar?
Since HumanityDAO is open and open source somebody created an Smart Contract that pools the donated money together into Compound and uses interests to pay out UBI - similar procedure and website here: https://humanityubi.org/

I was thinking about monetising this newsletter but job opportunities I’m getting from keeping it open are out-weighting it.

Enjoy your $2 and don’t subscribe to paid newsletters - just DCA into crypto instead.

https://trackato.substack.com/p/dca-into-bitcoin-or-10-yield