I agree, I want to see a lot more crowdfunding projects for global problems especially. I think things like crowdfunding are great, and if a public good can be provided this way, its usually easier/simpler than retroactive funding.
That being said, I still think there are a few cases where retroactive funding and prizes can be useful. For example, these mechanisms can allow people to finance the creation of music they like before hearing the song itself!
I talk about this in more depth here and it seems that Vitalik Buterin is working on an implementation of something similar.
I don’t expect retroactive funding/prizes to be as important as crowdfunding, but I think having a diverse set of goods-funding mechanisms is important.
I agree, I want to see a lot more crowdfunding projects for global problems especially. I think things like crowdfunding are great, and if a public good can be provided this way, its usually easier/simpler than retroactive funding.
That being said, I still think there are a few cases where retroactive funding and prizes can be useful. For example, these mechanisms can allow people to finance the creation of music they like before hearing the song itself!
I talk about this in more depth here and it seems that Vitalik Buterin is working on an implementation of something similar.
I don’t expect retroactive funding/prizes to be as important as crowdfunding, but I think having a diverse set of goods-funding mechanisms is important.