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Originally, I thought people were doing microlending, and were earning interest on funds they gave out on kickstarter. Imagine my suprise when I learned it was
by jgmmo 14y ago
Originally, I thought people were doing microlending, and were earning interest on funds they gave out on kickstarter.
Imagine my suprise when I learned it was simply donations, with the promise of some kind of gift in return should things go well.
- bostonvaulter2 14y agoI consider it more of a modern-day system of patronage divided amongst many people (instead of a singular wealthy individual).
- jamesaguilar 14y agoIt's basically one way of solving the Coasian problem.
- heyitsnick 14y agoYou mean one way of implementing the Coasian _solution_ to solving the _free rider_ problem?
- jamesaguilar 14y agoRight. Btw, use * for italics on this site.