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Originally, I thought people were doing microlending, and were earning interest on funds they gave out on kickstarter.

Imagine my suprise when I learned it was simply donations, with the promise of some kind of gift in return should things go well.



I consider it more of a modern-day system of patronage divided amongst many people (instead of a singular wealthy individual).


It's basically one way of solving the Coasian problem.


You mean one way of implementing the Coasian _solution_ to solving the _free rider_ problem?


Right. Btw, use * for italics on this site.




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