Crowdfunding Is Broken, Bitcoin Fixes It

Crowdfunding Is Broken, Bitcoin Fixes It

Crowdfunding is a robust mechanism for innovation and supporting social enterprises. Platforms like Kickstarter and Indiegogo have spearheaded the net 2.0 crowdfunding motion, which has led to the creation of a number of billion-dollar tech startups, like Oculus, and raised tens of millions for 1000’s for causes.

By these platforms, on-line communities have been capable of be a part of forces and mobilize assets at an unimaginable pace and scale, however solely up to a degree. Crowdfunding right this moment is dramatically narrowed by its reliance on legacy finance, which limits the overwhelming majority of the world from accessing it.

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