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I have long thought crowdfunding is ripe for disruption. We should not need a middleman to send people money over the internet. It can be accomplished via a sma
by holymacaral 8y ago
I have long thought crowdfunding is ripe for disruption. We should not need a middleman to send people money over the internet. It can be accomplished via a smart contract and creator listings could be self-hosted (think openbazaar). It could also fix the censorship issue inherit to these platforms.
With Patreon raising prices and now this, maybe someone will crowdfund an alternative.
- SlowRobotAhead 8y agoThrow the word blockchain in there and you’ll have a winner :)
- holymacaral 8y agoIt would use a cryptocurrency of course and probably a stablecoin. That means there's a blockchain somewhere along the line although crowdfunding would be an excellent use case for lightning-style payment channels to compress fees. If you pay a recurring fee every month then that's 12 fees a year. With payment channels we can reduce it to 2 - the fee to open the channel and the fee to close it.