Will Manifold implement retroactive public goods funding by June 1?
25
107Ṁ1121resolved Jun 5
Resolved
NO1H
6H
1D
1W
1M
ALL
Alternatively called "Project Shares." The idea would be 1) to let people create & trade shares of a project in M$, and 2) pay out useful projects from a community pool. This lets creators of community initiatives to raise money for their work via startup-like equity funding.
Vitalik describes this concept: https://medium.com/ethereum-optimism/retroactive-public-goods-funding-33c9b7d00f0c . I think it'd be super cool to test out on the Manifold infrastructure!
# Rough sketch
At any time: Create or trade on projects
- Anyone can create a new “project”; their statement of claim for a public good; they are issued e.g. 10k shares. Example public goods: useful blog post; helpful comments; implementing a Manifold feature; creating and resolving a valuable market
- Anyone can buy or sell their project shares on an open market
Every month: An oracle (Philanthrobot?) pays out
- Manifold sets aside e.g. M$ 400,000
- Each user can send their M$ towards which projects deserve funding this month
- Money is matched via quadratic funding
- Holders of the selected projects receive payouts proportional to their shares
- Or: Selected projects gain a price floor
See also: Impact Certificates: https://forum.effectivealtruism.org/posts/yNn2o3kEhixZHkRga/certificates-of-impact
Close date updated to 2022-06-01 11:59 pm
This question is managed and resolved by Manifold.
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Reopening because I don't think closing markets makes too much sense with fixed payouts.
Still bullish on making this happen! Also, I'm leaning towards resolving this to yes if we have a mvp of Manifund implemented https://manifoldmarkets.notion.site/Manifund-2bc1c7a411b9460b9b7a5707f3667db8, even if not much of the bounties/oracle/payout part has been done. Curious to hear if bettors think this would be an unfair interpretation, though.
@Gurkenglas I'm leaning no; I'm trying to use this market to assess whether doing some dev work to implement this would be a good idea. This market is about whether Manifold will specifically spend additional dev time between the creation of this market and June 1 to make this possible. (Let's say "significant dev time, e.g. 2 or more days of dev work")
If someone convinces me a good version of retroactive public goods funding is already completely available through Manifold's current interface, I would resolve this market NO. I'm fairly skeptical of this though.
Credibly stating even their intent to do this should lead investors such as myself to send people mana in exchange for future retroactive funding I expect them to get. @Austin, would it already count as implemented if such retroactive funding futures trade at sufficiently high portions of their strike?
Some reasons NOT to implement this:
- Dev time could be spent more usefully on other tasks
- Users might not actually want to use this
- Financializing public goods may kill intrinsic motivation by adding extrinsic motivation? (Counterpoint: "Can economic systems serve intrinsic motivations" from https://lostgarden.home.blog/2021/12/12/value-chains/ )
- Retroactive public goods funding is much more psychologically complicated compared to e.g. a simple monthly bounties system
- Not clear whether implementing this for M$ or real USD would be more effective (at which point, this is maybe a separate project from Manifold)
Haha the best way to incentivize this is to comment with why you'd like this and what you'd do with the capabilities! Another good way is to offer to commit to being a funder for this feature. Buying either YES or NO still indicates some amount of interest (as opposed to apathy), and is helpful for me to calibrate.