Newconomics 2023 - Meet our Speakers: Miguel Pinho
How can we imagine new and better global economies that are fairer? This is one of the many questions we will be discussing at Newconomics in November. Miguel Pinho, CEO of LaBetty which created the Betty football assistant app, will be speaking at the event. He comes from a financial background and shared some of his observations about blockchain economics as a taster of what you can learn if you join us in Lisbon.
“It’s not surprising to hear me say it, but Betty really is an amazing app. It knows the stats and facts of football all the way back to the 1800s and so can not only predict when a goal might happen. Using generative AI, it can also provide some banter and commentary to go with the game. It’s going to spoil football arguments forever - in a good way.
Betty is designed with fans in mind. The tech is strong, but it’s the people who make it work, and this is why we’re working with Human Protocol to create some really fun updates for Betty. By working with people on the blockchain, we are going to be inviting people to share their opinions and predictions to critique Betty’s forecasts. The best of the predictors will get their rewards and in the meantime we will enjoy working with the Web3 community which is almost as passionate as football fans.
While Betty is a really fun assistant to work with, the blockchain work we have in mind reflects our views on future economics. When you are providing data, you should be getting rewarded somehow. For now this might be joining in with an app, but we need to think big when it comes to ways we can ensure fair payment and support for everyone.
Imagine if all the data you generate by being online was something you could get paid for. Right now, analytics companies collect this and sell it, so they are the ones that profit from your activity online. What if that were to be split between them as processors and you as the generator of that data? It sounds like a little way to make a bit more income but it could have wider effects. If this idea were applied to the idea of a universal basic income, we could have a strategy that doesn’t mean taxing other people so the government can provide support, but people getting a baseline payment just by being online while they are in between jobs.
It’s maybe a fantasy for now, but I think there are going to be people at Newconomics who think in big ways like this, and we can hopefully influence a future that can be fairer, more supportive and, with the odd football game, a lot more fun.”
Find out more about the new economics of Web3 and how it can change the way we work together at the Newconomics event in Lisbon. Full details and registration can be found on the website.