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Seriously, how exactly does crowdfunding 'waste' more money than buying something - you have to pay taxes of everything you buy anyway. You can at best argue th
by slgeorge 13y ago
Seriously, how exactly does crowdfunding 'waste' more money than buying something - you have to pay taxes of everything you buy anyway. You can at best argue that it's a 'waste' if we don't hit the target and no phone is produced.
The reality is that the Phone industry isn't incentivised to build products like Ubuntu Edge. It's a limited run, high-end product rather than mass-volume. In that context coming up with interesting ideas and then testing whether there's interest with crowdfunding is completely appropriate.
ps I work for Canonical so obviously I'm biased.
- shmerl 13y agoSeriously, how exactly does crowdfunding 'waste' more money than buying something - you have to pay taxes of everything you buy anyway. Unless I misunderstood something, crowdfunding (in current form) has low effective outcome, since it's taxed as presales (which axes the raised funds significantly). I think it's a bit weird, since in essence this is fundraising, and not presales, but this how it works for some reason. Investment doesn't work the same way, and the input can be used for the intended purpose much more effectively.