This is a really important idea. It helps solve the problem of handling misfortune due to no fault of one's own, without the necessity of coercive government institutions.
"Each month you publicly commit funds to be given to other members of your society. These funds are held in a Smart Contract that will only allow them to be given to other members of your society with net approval by a small minority (1%) of the society.
When a member experiences an unexpected burden they request help from their society. Members of the society will then vote to approve or reject the request. If the request is approved then individuals with pre-committed funds may choose to give to their cause. The more you give to a society, the more it will give back to you many times over."
"Each month you publicly commit funds to be given to other members of your society. These funds are held in a Smart Contract that will only allow them to be given to other members of your society with net approval by a small minority (1%) of the society.
When a member experiences an unexpected burden they request help from their society. Members of the society will then vote to approve or reject the request. If the request is approved then individuals with pre-committed funds may choose to give to their cause. The more you give to a society, the more it will give back to you many times over."