Science & Technology
How Quadratic Funding Could Finance Your Dreams | Kevin Owocki | TED
What if your $1 donation could result in a $100 contribution to a cause you believe in? That’s the promise of quadratic funding: a new kind of crowdfunding model that uses math to distribute funds based on the number of contributors, rather than the amount given. Gitcoin founder Kevin Owocki dives into the principles and…
CNET
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@avon-ever
October 5, 2024 at 7:00 am
first
@SehrusGallery
October 5, 2024 at 7:05 am
Secound
@Krishnaseva143
October 5, 2024 at 7:07 am
I won because my birthday is on December 28 2017❤❤❤❤❤❤❤❤
@Pokeridgy
October 5, 2024 at 7:21 am
Why would a wealthy donor donate large amounts when the donation might be used to a high percentage for something the donor does not care about?
@Wombat7777777
October 5, 2024 at 7:26 am
exactly, where are the incentives for that party?
@ninic83
October 5, 2024 at 7:44 am
Tax write offs
@finnvF
October 5, 2024 at 8:10 am
The rich donors money wouldn’t be used in a different project. That project would just get less extra finds of there match pool.
@Wombat7777777
October 5, 2024 at 9:45 am
@@ninic83 Makes sense but then rich donors need to be forced to participate in such schemes or no tax writeoff for them.
@Wombat7777777
October 5, 2024 at 9:46 am
@@finnvF exactly in such an extreme case like what he showed in his example there is almost no incentive for big donors to participate unless forced
@jackmen4
October 5, 2024 at 7:27 am
Soon as I read “quadratic” :
Pop goes the weasel!!!!
@kasim7929
October 5, 2024 at 8:01 am
Can some math expert tell how’s this different from normal crowd funding and vote allocation stuff.
@B.Whittaker
October 5, 2024 at 8:10 am
All the teachers lied about using quadratic formula frequently in life, so I’m skeptical about this so-called ‘quadratic funding’ 🤔
@riverspirit7
October 5, 2024 at 9:00 am
Ducet math and poor directional assumptions to drive your financed wealth distribution to finance your dreams is grift…
This is cool because it hides compelled chatity..
@NaomiD.Norris
October 5, 2024 at 9:10 am
I’m retired at 27, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife, $35k biweekly and a good daughter full of ❤️ I’m forever grateful Rose M Elaine
@RandyDerrickDean
October 5, 2024 at 9:12 am
I’m highly inspired.
Please spill some sugar about the bi-weekly stuff you mentioned.
@JonahD.Potter
October 5, 2024 at 9:13 am
I started with a miserly $1500. The results have been mind blowing I must say TBH!
@JoshuaBrockJerry
October 5, 2024 at 9:15 am
How can someone get connection to that Woman y’all speaking bout !!!?
@JonahD.Potter
October 5, 2024 at 9:16 am
🇺🇸+𝟏𝟖𝟔𝟒
@JonahD.Potter
October 5, 2024 at 9:16 am
𝟕𝟖𝟒
@f.e.5691
October 5, 2024 at 9:39 am
In summary, the quadratic funding is in between the democratic voting system (each vote has the same power, regardless how much money the voter has) and the standard crowd funding system (where more money means more power, regardless how many voters)
@zettaiengineer4202
October 5, 2024 at 9:43 am
Knowing the formula, donors will tend to anonymize and fragment contributions. That cancels the motivation for many “philanthropists” who donate to virtue signal or put their name on a building.
@Atom224
October 5, 2024 at 2:59 pm
That’s why it will probably be authorized by blockchain. But you could still bribe some random persons to vote with your money for a small percentage of it.
@Alygel
October 5, 2024 at 10:02 am
Hi❤
@Alygel
October 5, 2024 at 10:02 am
0:49 hey, it’s fantastic🎉
@joelpichette
October 5, 2024 at 10:30 am
Quadratic financing is called money creation by the banks (or hyperinflation)
@therailcarmover
October 5, 2024 at 12:12 pm
Digital pyramiding
@tomastx
October 5, 2024 at 1:03 pm
Sounds like communist propaganda, but okay.
@akee1618
October 5, 2024 at 2:10 pm
Donations must be ideology based and not equality based.
@idventure6036
October 5, 2024 at 2:40 pm
This is just socialism hidden in math. Not even good math, but fool some people. He is just a scam like most “crypto bro”. Don’t smoke and do math. How did he get invited to TED?
@idventure6036
October 5, 2024 at 3:09 pm
Lets say someone wants to fund getting one apple and some one else an apple tree? Likely there will be no funding for the tree and no apples can come out of many small investements that wants to buy apples. Many want one apple but few an apple tree but if there are no apple trees there are no apples. Most people are regular consumers and so this will not work for new inovations or improving a community in the long run.
@JenniferCochran-w5e
October 5, 2024 at 3:10 pm
I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Birmingham uk, bought my second house in August and hoping to retire next year at 41 if things keep going smoothly for me..
@KurtOsinski
October 5, 2024 at 3:43 pm
Congratulations dear. You’re really doing well for yourself, I’m 48 and my financial life is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex
@JenniferCochran-w5e
October 5, 2024 at 3:48 pm
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you’re such a life saver
@RachelMims-l8n
October 5, 2024 at 3:59 pm
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
@Joerico-g3c
October 5, 2024 at 4:30 pm
Seeing a remark regarding my manager mr Jihan Wu is quit energizing. It was like this when I first met him a few weeks ago. Having started with just 5k about 2-3 weeks ago. I have already made it to 21 k. He is very remarkable!
@JayZim-r5j
October 5, 2024 at 4:55 pm
I’m favoured, $90K every week! I can now give back to the locals in my community and also support God’s work and the church. God bless America,, all thanks to this same Jihan Wu.
@pfopdoodle
October 5, 2024 at 4:11 pm
Can the big donor just donate so hundreds of times?
@MegaBaellchen
October 5, 2024 at 6:21 pm
Okay so what is the incentive to give donations if you cant decide what it is being spent on?
@clarabrunetivila5071
October 6, 2024 at 4:09 am
That’s the same question my friend asked about taxes 😅 I still don’t have the answer 🤔
@Rithmy
October 6, 2024 at 6:27 pm
@@clarabrunetivila5071 In a functioning democracy you can actually decide where taxes go
@brianleighton
October 5, 2024 at 10:08 pm
Where is the matching money coming from? What happens when the matching money runs out?
@dyhppyx
October 6, 2024 at 2:11 am
Less complex words please
@christopherd.winnan8701
October 6, 2024 at 2:26 am
Great to see so many crypto bros becoming crypto knights!
QF combined with PWYW has the power to transform the economy!
@BaconbuttywithCheese
October 6, 2024 at 5:14 am
Socialism formulated. Avoid.
Listen to the language.
@nadinemaag5834
October 6, 2024 at 7:34 am
So they inventet crowd communism
@tanhimdhrubo8128
October 6, 2024 at 2:58 pm
Lucid voice 💖✨
@GeraldineKennedy-w7q
October 6, 2024 at 11:17 pm
504 Smith Row
@Hammeredprawn
October 7, 2024 at 5:18 am
Just another charity or form of begging.
@robertanderson809
October 7, 2024 at 9:38 am
A big circle of money-lenders parasiting on each other think they are producers. That, is the flop of capitalism.
@danielschegh9695
October 7, 2024 at 8:05 pm
Wait a minute.
If I’m a wealthy funder/donor and I want the most funds to go to what I’m putting my money toward, why wouldn’t I just divide it into proxy donors? Instead of me putting in $10, I split it up to 10 staffers and get them to contribute $1 each to the same project. Or 10 cents divided among 100 staffers or proxies.
You’d need some sort of way to discover and measure the independence of each donor from every other donor.
@pitcrowley
October 9, 2024 at 4:32 pm
So this is how the homeless guy in front of my house stays drunk every day with just 5 bucks a week from me … 🤔