I’m somewhat flabbergasted that no one has mentioned radicalxChange or quadratic funding. They’re a solution that doesn’t force the producer to take on all the risks of failure, at the cost of needing a centralized pot of money.
The cost of needing a centralized pot of money is a big cost, and the requirement to have several projects at once, make it a solution to a very different class of problems. That’s probably the reason it wasn’t mentioned, but still, thanks for mentioning it because I didn’t know about it. Upvoted.
It would be interesting, though, to try to combine the two ideas. You can add an option to the platform described in the post to pledge money to a centralized pool that’s used to match pledges people make (and if they’re refunded than the refund bonus on your matching pledge goes either to the pool or back to you). That way can you support the production of highly desired goods without having to actually choose by yourself which goods.
I’m somewhat flabbergasted that no one has mentioned radicalxChange or quadratic funding. They’re a solution that doesn’t force the producer to take on all the risks of failure, at the cost of needing a centralized pot of money.
The cost of needing a centralized pot of money is a big cost, and the requirement to have several projects at once, make it a solution to a very different class of problems. That’s probably the reason it wasn’t mentioned, but still, thanks for mentioning it because I didn’t know about it. Upvoted.
It would be interesting, though, to try to combine the two ideas. You can add an option to the platform described in the post to pledge money to a centralized pool that’s used to match pledges people make (and if they’re refunded than the refund bonus on your matching pledge goes either to the pool or back to you). That way can you support the production of highly desired goods without having to actually choose by yourself which goods.