snowdrift
joeyh at
https://snowdrift.coop/
Interesting and impressive. Like the focus on sustainability. More like flattr than kickstarter in that regard.
Interesting and impressive. Like the focus on sustainability. More like flattr than kickstarter in that regard.
Evan Prodromou, sazius, ostfriesenmärz, Artopal and 3 others likes this.
mray INACTIVE, ostfriesenmärz, maiki, maiki and 3 others shared this.
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You could pledge multiple shares to pump.io (like, 100 or something), which would guarantee the $3 is used up. However, this would require you to send only $3/month to snowdrift; if you had more in the account than that, it might send more than you want.
So, I don't think that's really the way to use it. Instead,
say you are willing to spend $3/month. Also, let's say Evan
says on his snowdrift page that pump.io needs $30k/year. And he does the math for you and says that this means it needs around 1500 shares pledged.
So, you pledge 3 shares. At the start, these provide some tiny amount like $0.01/month to pump.io. That sucks. OTOH, it doesn't cost you much if this doesn't work out.
So you go on pump.io and encourage other people to pledge. Eventually 500 do. Your 3 pledges match them, raising the price/share to $0.50, and so you're sending $1.50/month to pump.io. At this point pump.io is making ~$3-6k/year.
You notice that's still not quite what you wanted to send, so you update to 6 shares and reach your $3/month spending goal.
You also find more ways to spread the word, and eventually 1000 are pledging between 1 and 6 shares. The matching makes each share send $1 now, so you drop back down to 3 shares. Somewhere in there, pump.io meets its funding goal, sustainably.
Certainly seems complicated when all explained like this, but a lot of it happens organically or can be managed by others (Evan, the snowdrift team). And unlike your "just want to send pump.io $3/month" goal, this has encouraged you to spread the word and indirectly contribute a lot more.
With that said, I think a montly spending cap would be a useful addition to their mechanism!
So, I don't think that's really the way to use it. Instead,
say you are willing to spend $3/month. Also, let's say Evan
says on his snowdrift page that pump.io needs $30k/year. And he does the math for you and says that this means it needs around 1500 shares pledged.
So, you pledge 3 shares. At the start, these provide some tiny amount like $0.01/month to pump.io. That sucks. OTOH, it doesn't cost you much if this doesn't work out.
So you go on pump.io and encourage other people to pledge. Eventually 500 do. Your 3 pledges match them, raising the price/share to $0.50, and so you're sending $1.50/month to pump.io. At this point pump.io is making ~$3-6k/year.
You notice that's still not quite what you wanted to send, so you update to 6 shares and reach your $3/month spending goal.
You also find more ways to spread the word, and eventually 1000 are pledging between 1 and 6 shares. The matching makes each share send $1 now, so you drop back down to 3 shares. Somewhere in there, pump.io meets its funding goal, sustainably.
Certainly seems complicated when all explained like this, but a lot of it happens organically or can be managed by others (Evan, the snowdrift team). And unlike your "just want to send pump.io $3/month" goal, this has encouraged you to spread the word and indirectly contribute a lot more.
With that said, I think a montly spending cap would be a useful addition to their mechanism!
Mike Linksvayer, ostfriesenmärz, Andrew E likes this.
I think a spending cap is probably a good feature, but I am not sure it will be an issue for most folks. If I recall, they have you prepay into the system, and the increments are so small that it will probably be quite managable; if not, that is a good problem to have (for the project)!
Anyone at snowdrift on pump.io? Care to give a timeline on launching the service for real currency?
w00t! I finally figured out how to use pump.io for reals! I've been meaning to do this forever.
Thanks for the notes and clear thoughts, Joey!
My reply though is:
Although you totally grok the overall system, I think it's more like "woah, I meant to do just $3 a month, and now it's at $6 because twice as many people joined me! But hell yeah! Lookit how awesome this is! It's totally worth my $6 to be part of this now!"
If you actively cut back to $3, people will match you less. Basically, the idea isn't just a way to donate what you want. It's a way to collectively encourage each other to really make a difference. But everyone still has control.
Honestly, I would totally donate my entire life's savings if I knew that it was happening with 100 million people with me and we were completely revolutionizing the world economy for the better.
Besides, we have no rational basis for settling on $3 specifically. it's just some arbitrary comfortable guess as to what is fair. We humans are NOT good at judging things like this. Personallyl, I'm like "damnit, I have no good way of deciding how much to donate to these projects. I'm poor, but I want to do something" and so really, I want to just make a small pledge that I'll do my part, but I will totally do more and more as I'm excited about more people joining me.
All sorts of things in life are like this. Most prices we don't determine objectively, we just sorta see what the social norms are.
Thanks for the notes and clear thoughts, Joey!
My reply though is:
Although you totally grok the overall system, I think it's more like "woah, I meant to do just $3 a month, and now it's at $6 because twice as many people joined me! But hell yeah! Lookit how awesome this is! It's totally worth my $6 to be part of this now!"
If you actively cut back to $3, people will match you less. Basically, the idea isn't just a way to donate what you want. It's a way to collectively encourage each other to really make a difference. But everyone still has control.
Honestly, I would totally donate my entire life's savings if I knew that it was happening with 100 million people with me and we were completely revolutionizing the world economy for the better.
Besides, we have no rational basis for settling on $3 specifically. it's just some arbitrary comfortable guess as to what is fair. We humans are NOT good at judging things like this. Personallyl, I'm like "damnit, I have no good way of deciding how much to donate to these projects. I'm poor, but I want to do something" and so really, I want to just make a small pledge that I'll do my part, but I will totally do more and more as I'm excited about more people joining me.
All sorts of things in life are like this. Most prices we don't determine objectively, we just sorta see what the social norms are.
@maiki
sorry, no exact time-frame on launch. I'm hoping for 2014! And yes, I was on pump.io already but totally inactive. I hope to be around more though…
sorry, no exact time-frame on launch. I'm hoping for 2014! And yes, I was on pump.io already but totally inactive. I hope to be around more though…