Poop.Exchange: Tokens to track shit sightings in SF
TLDR: We used UMA’s Synthetic Token Builder to create an ERC-20 token that tracks the frequency of poop sightings as reported by San Francisco’s SF311. The holders of the token “profit” the more shit reported; the “issuer” wins if shit goes down.
Such a system could be used to align the incentives of local government: the city of SF could issue “shit coins” to credibly commit to fixing the homelessness problem (and earn a profit if they succeed); residents of the city of SF could buy shit coins as an “emotional hedge”—they make money if the problem gets worse.