[okfn-discuss] New crowdfunding system in the works exclusively for Free/Libre/Open resources

Aaron Wolf wolftune at gmail.com
Sat Dec 8 00:47:31 UTC 2012

Sorry for the confusion, meant to send my reply just to Thomas. I'm happy
to have shared my answer to his question, but our invite system is
one-time-use per code, so this code is just for Thomas. I am happy to send
a new code to each other person who is interested (besides not being public
yet, though, one reason for this system is that I don't want critics who
are anti-Free/Open to access everything at this point, not until we've made
sure that things are clear. I want to avoid FUD and confusion).

Aaron Wolf

On Fri, Dec 7, 2012 at 7:37 PM, Aaron Wolf <wolftune at gmail.com> wrote:

> Hi Thomas,
> Thanks for the interest.
> I'm actually not sure the best way to describe our concept in fewest
> words, but it isn't actually exponential, more like quadratic. The growth
> is more linear in that donors later down the line don't have a bigger
> impact than the initial ones, i.e. it isn't actually exponential.
> But the concept is similar. We *want* the support to grow, much like how
> auction values can grow beyond what people initially bid after they see
> others bid more, but in our case everyone chips in, they are just more
> willing to do so as they see that others are doing the same.
> So, to answer your question: there is NO maximum truly. But there IS
> control. Donors will fund an account which they control still, and so we
> cannot take more money from donors than the amount they put into their
> account. But we do want there to be some pressure to add to the account and
> not fall through on their pledge. We have ideas about optional ways to
> split or reduce donations when the amounts get higher, but that is a
> wonderful problem to have.
> I would love to get more feedback or involvement from you after you've
> looked over our proposals.
> Here's an invite code for you:
> *http://snowdrift.coop/invitation/9514777464dbaecb*
> Cheers!
> --
> Aaron Wolf
> wolftune.com
> On Fri, Dec 7, 2012 at 5:18 PM, Thomas Kluyver <thomas.kluyver at cantab.net>wrote:
>> Hi Aaron,
>> 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.
>> Best wishes,
>> Thomas
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