kevin (o) on quadratic funding
kevin owocki on quadratic voting funding via his tweet [https://x.com/owocki/status/1840769813347483745]:
How Quadratic Funding could finance your dreams. My @TEDTalks is live! Check it [https://www.ted.com/talks/kevin_owocki_how_quadratic_funding_could_finance_your_dreams?subtitle=en]
hmm.. for a sabbatical ish transition?
notes/quotes from 11 min (april 2024) video:
quad funding is really, really new..invented by Glen Weyl at Microsoft, Vitalik Buterin of the Ethereum Foundation and Zoë Hitzig, a PhD economist.. a mathematically optimal way to fund community goods… math formula that results in fairer way to distribute funds
what we need.. and have means for.. is a way where we’re not distributing funds..
try/code money (any form of measuring/accounting/people telling other people what to do) as the planned obsolescence.. where legit needs are met w/o money.. till people forget about measuring..ie: sabbatical ish transition
Quadratic funding is basically a crowdfunding campaign..not like a Patreon where creators sell subscriptions..not like a Kickstarter, in that it leverages a matching funds mechanism to match contributions from everyday donors. It’s a mathematical formula that results in a fairer way to distribute funds.
patreon.. kickstarter.. any form of m\a\p
graeber violence/quantification law et al.. of math and men
we need a freer way for us to live.. let go of numbers ness et al
1\ someone match pool to stimulate an econ 2\ projects sign up 3\ crowd funding campaign where all contribute and matched by matching pool
2 min – the cool thing about quadratic funding ..a tool for funding what everyday members of the community want. It leverages a matching funds mechanism that disproportionately rewards projects with a broader base of support over the ones that are supported by small donors.
black science of people/whales law.. we have no idea what legit needs are
3 min – so now that we have an intuition for how this works — many small donors are more powerful than one large donor.. equation basically says the amount coming from the matching pool is proportional to the sum of the square roots of each contribution, all of that squared.. reason why we call this quadratic funding is that it leverages squares and square roots in order to determine the matching amounts..you can see in this portion of the formula how it starts to break down the contributions of the larger donors with the square root, but it doesn’t affect the small donors as much
what we need to exponentiate: tech w/o judgment
ie: nonjudgmental expo labeling
5 min – You give a dollar and a project gets two dollars because of one-to-one matching. Or you give a dollar and a project gets hundreds of dollars because the matching pool was well-funded and that project got enough small donors supporting it.
6 min – This is what we call a preference map from a recent quadratic funding campaign that we’ve run. And each circle is a donor or a grant that they gave to. So we see in high resolution what communities actually care about, and by care about I don’t mean that they hit a like button. They actually gave a dollar of their own money to the projects in their community on the basis of what they see in their community.
again.. not deep enough.. need something deeper.. still not legit needs.. till we have global detox leap
there’s a legit use of tech (nonjudgmental exponential labeling) to facil the seeming chaos of a global detox leap/dance.. the unconditional part of left-to-own-devices ness.. for (blank)’s sake.. and we’re missing it ie: a sabbatical ish transition
need 1st/most: means to undo our hierarchical listening to self/others/nature as global detox/re\set.. so we can org around legit needs
6min – In analog democracies, we get a signal every couple of years and an up or down vote of what people actually care about, but with quadratic funding, we can get it more frequent if we run these campaigns every three or six months, and more high-resolution view of what matters to everyday citizens. And then we can take the projects that are supported in the quadratic funding campaign, and build relationships between those in power and those who are doing the most good in their communities.
need everyday .. for everyday people
ie: imagine if we listened to the itch-in-8b-souls 1st thing everyday & used that data to connect us (tech as it could be.. ai as augmenting interconnectedness)
7 min – Quadratic funding scales. In just about six years, it’s been used to fund 60 million dollars worth of community goods through 270,000 unique contributors and four million unique contributions. It has funded 4,000 creators, extending a civic lifeline to the people who have the most legitimacy in these communities.
yeah.. not radical (the unconditional part of left to own devices ness) enough for sabbatical ish transition
8 min – If you want to run a quadratic funding campaign in your Ethereum-based community, you can use Gitcoin Grants, our software, to do that.
10 min – Now I don’t want to oversell quadratic funding. It’s not perfect, or I guess said another way, it works under very specific scenarios. First, you need someone who’s going to put up the matching pool. Second, that person has to be comfortable with other people distributing the funds. Third, we need the ability to stop people from falsifying identities. And fourth, we need to stop the ability to collude with each other. Basically, situations where if you contribute to my project, I’ll contribute to yours. That’s collusion.
I want to see us fund what matters to everyday people in the 21st century, and upgrade our institutions to be digitally native. Quadratic funding is one way we can do that.
need a nother way.. sans any form of m\a\p
legit freedom will only happen if it’s all of us.. and in order to be all of us.. has to be sans any form of measuring, accounting, people telling other people what to do
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be you. 