I'm planning on doing a crowdfunding with a twist:
If I do not reach the goal ($829) by the deadline (to be determined). I will refund everyone. I will also give a refund bonus of 20% your pledge as a thank you for supporting this project
If I do reach that goal by the deadline. I keep all the money and use it to develop a platform that allows you to raise money in the same way (crowdfunding with a refund bonus) to fund your art projects, software projects, etc. — anything you are willing to give a way for free.
If I don't reach the goal then I stand to lose $165.80. Since I don't want that to happen, I'm asking manifold if this is a good idea.
I reserve the right to not do the crowdfund or do it at price other than $829 based on the information I get from this market.
More info:
I will publish a website with a PayPal Button that must be used to send me money. The website will also have a progress bar showing how much has been donated so far. I list of all donors and a timer counting down to the deadline.
I will advertise this on lesswrong (it will be approximately a 4500 word post).
I might do some other marketing
Feel free to ask any clarifying questions in the comments.
Also join our Discord https://discord.gg/KGeCTx33g if you think this idea is interesting.
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🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ22 | |
| 2 | Ṁ6 |
I ended up decided to price this at $629. Here it is https://dac.mowzer.co.za/
Here is the accompanying lesswrong post https://www.lesswrong.com/posts/CwgHX9tbfASqxjpsc/the-economics-of-the-asteroid-deflection-problem
Hmm, I realize that I actually want a distribution of how much money I might raise, rather than just a binary between >$829 and <$829. So I created another market.
https://manifold.markets/moyamo/how-much-money-will-my-metacrowdfun