A fascinating idea: "retroactive public goods funding." Rather than focusing on advance fund-raising for public goods (a la Kickstarter, quadratic funding), make a mechanism which rewards projects which create a lot of value, e.g. thru a "results oracle."
Conversation
Shallowly read, this is "just prizes." But if you know in advance that there is some results oracle which may plausibly reward you, you could, say, create secondary markets around the future value of that reward, then raise capital by selling some of those shares.
Replying to
If the public good itself generates use fees (e.g. protocol taxes), those can be directed back into the oracle's prize pool.
2
18
I think part of the idea is that many interesting public goods projects are not widely recognized as valuable initially. Social impact bonds work in the circumstance that a gov't has prior will around a problem and a relevant metric; can't reach "disruptive" public goods well.
Show replies
Replying to
3
Depending on your priors, it might not be very different! Some good back-and-forth in this thread:
Quote Tweet
Replying to @andy_matuschak
How is this all that different from social impact bonds?
1
1
Show replies