Crowdfunding Is Broken, Here’s How Bitcoin Can Fix It
An important part of being able to create and drive new innovation, crowdfunding is a broken system that bitcoin fixes.Crowdfunding is a powerful mechanism for innovation and supporting social enterprises. Platforms like Kickstarter and Indiegogo have spearheaded the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions for thousands for causes. Through these platforms, online communities have been able to join forces and mobilize resources at an unimaginable speed and scale, but only up to a point.....
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ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
Altcoins are the next best thing after bitcoin. They come in all shapes and sizes, and they are usually designed for a specific use. Development of altcoins can be attributed to the success of bitcoin and the open source technology that powers the bitcoin network. The concept of crowdfunding has been around for a long time even before the term itself was coined. Crowdfunding involves raising money from a large number of people. One of the best examples of crowdfunding during the pre-internet days is the construction of the Statue of Liberty. Funds required to build the huge statue was met....
Ethereum’s price action has been closely tied to that of Bitcoin as of late But while Bitcoin has broken multiple key resistance levels, ETH remains below the crucial $380 level This level has yet to be broken, with each visit here sparking a slight selloff Where Ethereum the entire market trends next will likely depend on Bitcoin and whether or not it can extend its upwards momentum One analyst is noting that Ethereum could be […]
Could bitcoin be a suitable vehicle for crowdfunding? Over the past couple of years, crowdsourced funding projects have bloomed, but most of them still require contributions in fiat currencies. Now, however, some sites are emerging designed to help people attract bitcoin-based funding from a broad community of donors. Crowdfunding platforms such as Kickstarter and IndieGogo have become a popular means of funding for a range of projects, from manufacturing through to content production. According to market analyst Massolution, crowdfunding platforms raised $2.7 billion in 2012, 81% up on....
Escrow is a widely used legal concept where a third party holds assets or funding on the behalf of the two other parties according to a predetermined set of conditions. Escrow helps ensure that both parties deliver before the transaction is completed. The concept of escrow is popular in the traditional financial ecosystem, especially in the real estate industry. However, Escrow Protocol aims to introduce the time-tested concept of escrow to the blockchain industry and optimize the crowdfunding process. Crowdfunding is an important part of project development as it connects the project with....