Will Manifold implement retroactive public goods funding by June 1?
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107Ṁ1121resolved Jun 5
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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
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