How quadratic funding could finance your dreams | Kevin Owocki

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4.1 • 11.9K Ratings

🗓️ 30 September 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if your $1 donation could result in a $100 contribution to a cause you believe in? That's the promise of quadratic funding: a new kind of crowdfunding model that uses math to distribute funds based on the number of contributors, rather than the amount given. Gitcoin founder Kevin Owocki dives into the principles and pitfalls of this approach to philanthropy, where "many small donors are more powerful than one large donor."

Transcript

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0:00.0	Ted Audio Collective.
0:02.0	Audio Collective.
0:04.0	You're listening to Ted Talks daily,
0:11.0	where we bring you new ideas to spark your curiosity every day.
0:14.8	I'm your host, Elise Hugh.
0:16.7	Digital currency in the tens of millions has gone to social projects that people care about
0:21.2	thanks to the work of Kevin Awoki.
0:23.0	In his 2024 talk he describes a new way to donate in cryptocurrency that works a bit like
0:28.4	ranked choice voting, providing donors a supercharged tool to democratically distribute funds.
0:34.6	Learn about it after the break.
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