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 pitfalls of this approach to philanthropy, where “many small donors are more powerful than one large donor.” (Recorded at TED2024 on April 18, 2024)
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@avon-ever
October 5, 2024 at 7:00 am
first
@SehrusGallery
October 5, 2024 at 7:05 am
Secound
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October 5, 2024 at 7:07 am
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@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..
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October 5, 2024 at 9:10 am
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October 5, 2024 at 9:12 am
I’m highly inspired.
Please spill some sugar about the bi-weekly stuff you mentioned.
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October 5, 2024 at 9:13 am
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🇺🇸+𝟏𝟖𝟔𝟒
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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.
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@pfopdoodle
October 5, 2024 at 4:11 pm
Can the big donor just donate so hundreds of times?
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