BitShares Forum
Main => General Discussion => Topic started by: roadscape on February 12, 2016, 02:54:23 am
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Came across this project, they have a nice website and an interesting approach for donation matching.
"Patrons pledge to donate based on how many other patrons donate with them.
Thus, when you join, others will donate more."
https://snowdrift.coop/p/snowdrift/w/en/mechanism
The Economics of Public Goods
https://snowdrift.coop/p/snowdrift/w/en/economics
They had a Tilt campaign and raised $9k (goal was $3k):
https://snowdrift.tilt.com/launch-snowdrift-coop
Snowdrift.coop uses network effects to put the power back in the hands of the people instead of the platform owners. At Snowdrift.coop, you become a project's patron with a monthly donation pledge: For each additional patron who gives with you, you will donate a little more (limited by the amount of funds you choose to make available to the system overall).
This way, those of us already pledged invite the rest of the world to join us. The existing patrons of a project will together match the donation from each new patron (although our exact proposal includes additional measures to accommodate varying pledge levels from different patrons).
This approach is something like the mutual assurance and reduced risk that we get from a hard threshold for a crowdfunding campaign… Except with Snowdrift.coop, the mutual assurance isn't all or nothing. It's flexible, sustainable, and designed specifically for the needs of funding free/libre/open digital works.
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Good find! +5%
This could be useful, I think.
I'd certainly be more willing to donate to things if I knew I wasn't the only one or that it would be proportional to number of other donations. This could be an interesting means of alternative funding that is more in-line with voluntary participation rather then forced tax due to majority vote, which I've never cared for.