The situation its a textbook tragedy of the commons case: crowdfunding platforms like ks and igg make their money from funded projects, they don't make a dime o

The situation its a textbook tragedy of the commons case: crowdfunding platforms like ks and igg make their money from funded projects, they don't make a dime off shipped projects so its in their best interest to have as many projects running on the site as possible. To make matters worse increased competition has pushed ks' staff to relax their already very relaxed rules, again a sign that their point is to make more from campaign fees. The problem is that by doing this they are destroying not only their brand but the concept of crowdfunding itself which will affect creators who will no longer be able to access this alternative funding, and users who will miss on the innovations that can only be created through this system because traditional investors are not interested. The only ones getting out unscratched have to be the con artists who get to walk out with tens of thousands of dollars, and sometimes more. For them it will only be a matter of moving on to their next scam.