3 ms·

That's a business model, not a joke.

• codingdave 3y ago
  A business model includes a transaction where one side gets value in exchange for returning value to the other side. When it is a one-sided transaction like this, where one side gives money and the other just pockets it... that is more often referred to as a "scam"
  • bogtog 3y ago
    No, both parties get value. Suppose a user would receive 1 utility for donating $1 to some cause in a traditional fashion (e.g., giving the charity money directly). Using this platform and with an OmniMatch of 25%, the user will effectively donate $1.25 for the cost of $1 and accordingly get 0.25 extra utility. The user gets surplus utility no matter what. The platform, on the other hand, needs to be careful in what markets it creates and how it sets OmniMatch, in order to make money.
  • JonChesterfield 3y ago
    One side gives money, and a fraction of that money goes to the intended cause, is referred to as "fundraising". One of the more dubious aspects of donating to a charity is that some of their resources are spent persuading other people to donate to them, in what looks like a strongly zero sum game for the sector as a whole. I think there's a credible chance the system outlined here would end up at a higher effective efficiency than the current state of the art of charity fundraising.