A proposal to support when an unexpected currency value fluctuation impacted the pay for the delivery of The algorithm of donated dreams.
USD: 700 / 3,75 ETH (by Aug 27)
XXXXX See film of what happened in Vimeo (05:21)
XXXXX Moreover, find the algorithm and the donated dreams forever alive here: http://thelaboratoryofdonateddreams.com/
I am here asking for your help and guidance, as a sudden change of ETHxUSD value between submission–redemption–now has taken half of my fee (set at 1,300 USD)
The transaction can be followed on the blockchain of course, and here’s the story developed on my side:
Upon redemption, I had already lost about 200 of the 1300USD; I didn’t know that this could be brought to someone’s attention, so I moved the money to my wallet… By the time it made it, I went to sleep and woke up, it was in the 700USD.
It’s now been weeks that I chose to monitor currencies instead of changing what I promised in my delivery or making any other changes, but as my project ends, it’s now clear I’ll end almost at a 50% loss.
I am aware of comitting the mistake of loss aversion (?), and also of not reaching out with my problem to the community.
I’ve also been educated as recently as yesterday on Aaron Perlmutter’s message on mixing funds.
I still don’t get it, but I am here to learn, and I’m doing my best; this time I just got busy making and not knowing there was crucial information I lacked.
If I get these funds, I also commit to deliver an audiovisual and short (2 min max) guide to explain how to avoid these mistakes.
Jocelyn is the Genesis artist in residence, and contributor to blockchain and DAO projects since 2013.