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I agree that the framing should be “matching the crowd['s total pledge]”, rather than matching each individual patron.[1]
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I think multiple goals / changing goals should be considered out of scope for the moment due to their added complexity. When we get to them, it’s okay to revise whatever decision we make now.
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For the immediate goal of bringing on a single outside project, there is already “per-project flexibility” — they can help us decide which version to hard-code for this iteration
[1]: I think there’s a really nice pitch in here:
- Traditionally, a wealthy individual will say, “I’ll match people’s donations (1:1), up to $10 000”.
- This is good for both the people and the wealthy individual.
- People get their donations doubled
- The wealthy individual also gets their donation doubled and they only have to give in proportion to the progress towards their goal: if nobody else donates, they’re not on the hook for funding the thing alone.
- But wait: Say I donate $100, but I’m the only one who donates. The wealthy individual only has to match my $100 — 1% of their maximum — but I still have to give the full $100, my maximum.
Why should the benefit of proportional giving be granted only to the wealthy individual? - With crowdmatching, we all play the role of the wealthy individual together.
- A crowdmatching pledge is basically saying, “I’ll cover $my_max of the $10 000”.
- You can re-frame the wealthy person’s pledge in crowdmatching terms: “I pledge $10k when the project reaches a $20k goal”
- Observation: under our system, with the current proposal, this would have the wealthy person giving $5k even if nobody else joined, since the project is halfway to their goal. It would work more traditionally if the formula for calculating my donation were:
my_max * ( sum(others'_donations) / (goal - my_max) )
- Observation: under our system, with the current proposal, this would have the wealthy person giving $5k even if nobody else joined, since the project is halfway to their goal. It would work more traditionally if the formula for calculating my donation were: