>> (p.1)
    Author Topic: Kickstarter Proxy Service (a concept for discussion)  (Read 2604 times)
    Nyhm (OP)
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    September 04, 2012, 06:02:01 PM
    Last edit: September 04, 2012, 06:23:29 PM by Nyhm
     #1

    This is just an initial concept. Please discuss (be constructive). Has anyone proposed this before? Notice that this is not an automated crowd-funding system. It's just me/someone being a human proxy to Kickstarter.

    Scenario: Suppose you want to support a Kickstarter project with Bitcoin. I would set up a Bitcoin donation address, then back the project myself with the equivalent USD (by converting any BTC donation to USD).

    Caveats/Problems:
    • You wouldn't be able to get any associated backer rewards.
    • If the Kickstarter project fails (does not reach its goal), I don't have a good way to give you back your funding (I keep it).
    • Accountability (see below)

    So, you don't get the perks of being a backer, and there is some risk involved (maybe that's my incentive for running this system), but you get to be a (pseudo-)anonymous Bitcoin patron. In the future, I would create a Bitcoin-specific user in Kickstarter to show that it's the Bitcoin community backing projects.

    An escrow could be used to give you back your bitcoins if a project fails (rather than me keeping them), but then the proxy person would need to have enough USD on hand to back the project.

    Accountability: Check the unique donation address for balance, and make sure my (well-known) Kickstarter user is actually backing the project for the correct amount of USD... However, I just realized that Kickstarter does not disclose individual backer funding level. This could be a problem.

    Workaround: You'd have to be told to observe the project's balance at a certain time. Then I would back the project, and you can observe the balance adjustment. However, Kickstarter even hides backer names in groups of 10. Still it would be hard to fake, but there's a lot of overhead here. I suppose reputation/trust is the best way to overcome this (admittedly sticky) point.



    Full disclosure: I currently have an ongoing Kickstarter project (Island Forge accepts Bitcoin memberships). If anyone wants to show support for my project, and to bolster interest in this proxy idea for the future, please send bitcoins to:

    1KiCKf3CTJYX3fqKvsHwPki22G8cuSqWqy

    Project ends on Sep 13, 2012, so any funds after Sep 12 I probably won't have time to process (just a general donation).



    UPDATE: I am now Bitcoin Enthusiast at Kickstarter!

    [Bitcoin Game List] ~ [BitcoinGalaxy.net Live Bitcoin Visualization] ~ [PotentialGames.com]
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