Originally, I thought people were doing microlending, and were earning interest ... | Hacker News

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		jgmmo on May 3, 2012 \| parent \| context \| favorite \| on: Light Table Listens to feedback and dramatically l... 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.

bostonvaulter2 on May 3, 2012 [–]

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

jamesaguilar on May 3, 2012 | [–]

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

heyitsnick on May 4, 2012 | | [–]

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

jamesaguilar on May 4, 2012 | | [–]

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

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