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How do you feel about crowdfunding?
Topic Started: Feb 5 2017, 12:42 PM (401 Views)
+ Steve
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Whenever someone gets in a bad situation, be it poor health or debt through something they couldn't control, they or others can set up a crowd fund on various websites so that the generous citizens of the world can throw a few bucks their way and help pay.

Which is a nice thing, obviously. It's saved and improved many lives, providing a fast and easy solution to money issues via the internet.


How do you feel about possible implications crowdfunding overall though?

Is it how the public should function or does it just encourage governments to privatise healthcare and whatnot on the basis that people can just use crowdfunding to get what they need?

Does that make it a good or a bad thing in your eyes?
Edited by Steve, Feb 5 2017, 12:42 PM.
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People definitely take advantage of it, but what can you do if dummy's wanna give their cash to someone who may have ulterior motives...

Also I don't think the gov. should ever get in the middle of it, its basically just large scale church donations without the church part.
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Sam
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Is it really abused all that often? I know South Park did an episode that had to do with crowdfunding - how big of a problem has this been? Or was it just a South Park joke? I don't know much about crowdfunding, admittedly.
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Greetings. I will be your waifu this season.

I don't think it's been truly abused much but there's definitely a lot of people who get more than they need and are happy to keep receiving, without giving back.

Like "I needed $200,000 for my cancer treatments and I got $1,500,000...guess I'll go on an expensive holiday and buy a supercar! Screw charity!"

That's one issue with it I feel, although that's more of a problem with people than it is crowdfunding specifically.

Perhaps if it became the norm people would more often donate the extra they receive to others who are maybe even more in need. Encouraging generosity is certainly not a bad thing.



EDIT Abuse would be the whole "Potato salad" thing.
One guy on Kickstarter said he wanted to make potato salad for $10, obviously as a joke.
He got $55,000. Then suddenly there were hundreds of "Potato salad" projects hoping to make money off of a joke, some did.
Better moderation would fix that sort of thing.
Edited by Steve, Feb 5 2017, 01:47 PM.
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Sam
Feb 5 2017, 01:32 PM
Is it really abused all that often? I know South Park did an episode that had to do with crowdfunding - how big of a problem has this been? Or was it just a South Park joke? I don't know much about crowdfunding, admittedly.
I think that was the Cash For Gold Episode :) .. I love Southpark, that and It's Always Sunny in Phili are probably my two favorite "comedic" shows.

As for the topic, I never really thought about it, but to be honest, when I was fired a while back I definitely could have used some extra funds. Maybe I should have jumped into this whole crowdfunding thing??


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* Mitas
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I don't see how crowdfunding = government privatising healthcare.

As for crowdfunding, I have no real feelings about it. I don't think it's particularly dangerous, nor do I think people who do it are abusing those that give money. Unless someone is specifically misleading those who donate, which is obviously wrong, but not exclusively a crowdfunding problem, then it's up to the people if they wanna give their money away.
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Mitas
Feb 5 2017, 08:10 PM
I don't see how crowdfunding = government privatising healthcare.
Well if expensive procedures were being paid for by the masses they'd surely try to see how far they can go with getting people to pay, healthcare isn't cheap for the government if they can use an excuse to get more money out of it they likely will.


If crowdfunding becomes more prevalent over the years then people could be expected to take advantage of it to pay for the service of healthcare.

You could argue that's a good thing though, if people were generous enough to continue donating then the funding that would go towards mostly free healthcare could be put to different use. That could be hugely beneficial but of course depends what the funding is being used for...preferably not war.
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Yeah, but crowdfunding isn't exactly 100% successful. I think it's a bit of a stretch to say that the majority of people will be able to pay for the medical expenses via crowdfunding. If that's the case, how come everybody in America doesn't just do that?
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What would stop somebody from abusing crowdfunding to, say, pay for their procedures without giving money to any other crowdfunding campaign? It relies on the voluntary kindness of other people and the idea that others wouldn't simply abuse the system.

As for crowdfunding in general, as long as they've got a good proof of concept and can show that they stay in contact with their funders and base, I don't see the issue with it.
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Mitas
Feb 5 2017, 10:46 PM
Yeah, but crowdfunding isn't exactly 100% successful. I think it's a bit of a stretch to say that the majority of people will be able to pay for the medical expenses via crowdfunding. If that's the case, how come everybody in America doesn't just do that?
Well they would if everyone was that generous or if many more people were at least.

It doesn't happen now because people are encouraged to be selfish and want to have as much money as possible.
People with billions could live on 10% of their wealth, donate the rest and still live like kings.
I'm not saying they should just that they could do it and if every rich person operated that same way nobody need to be poor at all really.


If it got to the point where people cared less about having and hoarding as much money as possible crowdfunding would be easy as people wouldn't have many qualms donating small amounts to people.

Hypothetical of course, I see no reason why people are going to care less about money any time soon, money is king. Mostly anyway.


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What would stop somebody from abusing crowdfunding to, say, pay for their procedures without giving money to any other crowdfunding campaign? It relies on the voluntary kindness of other people and the idea that others wouldn't simply abuse the system.


Nothing really. Good people donate to help out but people asking for donations aren't necessarily good themselves of course.

Moderation again probably fixes most issues there, don't let people ask for $200,000 towards cancer treatments when they haven't proved they need that much at all. Or that they even have cancer.
I'm willing to bet there's people who have shaved their heads pretending they have cancer to try con money out of people, I would hope they're all in jail but no doubt some will have succeeded.
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It's hit or miss. There are legitimate causes needing money, but then there are people asking for a new laptop and they get more money than someone who's sick or wants to travel the world. That kind of thing bugs me a bit.
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Pyrus
Feb 6 2017, 12:30 AM
then there are people asking for a new laptop and they get more money than someone who's sick or wants to travel the world. That kind of thing bugs me a bit.
Like Jill Stein receiving 8 million in donations than only spending 2 of it on the cause she was selling


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Greetings. I will be your waifu this season.

Pyrus
Feb 6 2017, 12:30 AM
It's hit or miss. There are legitimate causes needing money, but then there are people asking for a new laptop and they get more money than someone who's sick or wants to travel the world. That kind of thing bugs me a bit.
Yeah, I've seen a few that are like "I need money for a laptop because of the patriarchy" and they get thousands...

Or stuff like "I got in to debt and can't pay my student loans, please help"
Usually they mention buying a $10,000 PC or a car as to why they got in to debt...not their fault.
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Crowdfunding is a great way to get ordinarily niche projects that a publisher would normally never touch to get off the ground, either by funding it entirely or simply showing the publishers they're searching for that there is enough interest that people are willing to spend money on it.

Admittedly this is mostly in the games industry, for while we do get failiures like Mighty No. 9 here we also have games such as

Shantae Half Genie Hero

Prison Architect

Bloodstained: Ritual of the Night

Wasteland 2

Shadowrun Returns

and Elite: Dangerous

only of those hasn't been released yet, the others have and have been generally enjoyed. It also allows people to make a living without resorting to either ads or sponsors such as the Jimquisition.

All in all, I think crowd funding is a valid form of funding games, that said, if you're crowdfunding something, I recommend you not expect your money back because sometimes... Well I'm sure we're all aware of how people can abuse it. But overall I think it's a good thing.
Edited by Tinny, Feb 6 2017, 07:11 PM.
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