[okfn-discuss] New crowdfunding system in the works exclusively for Free/Libre/Open resources
thomas.kluyver at cantab.net
Fri Dec 7 22:18:01 UTC 2012
This sounds really interesting, I look forward to seeing the results.
On 7 December 2012 20:46, Aaron Wolf <wolftune at gmail.com> wrote:
> 3. We have designed a novel mechanism to address the problems with
> encouraging as many people as possible to join the community. A simplistic
> explanation is: each pledge starts near zero and increases only when more
> people pledge as well. Essentially, each donation is contingent on everyone
> else donating; like matching funds but achieved geometrically across
> everyone in the system, growing further with each new donor.
Just to check, I assume there will be a way for individual donors to cap
their donation? This sort of exponential increase sounds a bit scary from a
donor point of view.
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