I need you to do me a favor: please keep an open mind and reserve judgement until after you've thoroughly digested the ideas I'm presenting here. These are not my ideas, and I have no connection to this project. I hope to do them justice in representing them accurately and as clearly as I understand it all.

Please don't be dismissive. Please don't jump to conclusions. I would not be posting about this if I did not believe it has tremendous potential to reshape the digital economy, and therefore everything that governs how civilization progresses in the next century. Dramatic, much? Yes, but I hope I have your attention.

I'm not posting this as a plain link, because the website looks incredibly sus. Just trust me for a few minutes. Links are at the end.

(No generative AI was used to write this post.)

What is PrizeForge?

PrizeForge is a financial service that can be best thought of as "Representative Crowdfunding" (my term, not theirs). Like direct crowdfunding (e.g. Kickstarter), it lets people pool their money to support expensive projects that would otherwise be impossible to fund. Similar to Patreon, it can also be an effective tip jar for much smaller things that would otherwise go unrewarded.

The innovation is two-fold: first, contributors never move alone. As a contributor, you set a ceiling on your weekly payment. This is the "enrollment" amount. However, the actual amount of money disbursed each weekly cycle is the amount that is successfully "matched" with other contributors. In the simplest example, if I wanted to enroll for Tildes at $20/week, and one other user enrolled at $5/week, the disbursement would be the sum of the matched funds: $5 + $5. In this way, nobody ever pays an unfair proportion of the total, and small donations become an integral part of funding allocation. Additionally, like how philanthrophists often match charitable donations to meet a fundraising objective, matching provides a powerful incentive for individuals to contribute by making individual contributions feel more significant, since any money you part with can be doubled by another contributor. The more you put in, the more others will too. (PrizeForge calls this algorithm "Elastic Fund Matching". The full algorithm gets considerably more complex, but they have a neat visualization on their site and videos.)

Second, unlike existing crowdfunding and patronage systems, creators and companies do not receive fund disbursements directly. Rather, representatives ("Delegates") send the money to the people and organizations that should receive funds to deliver value to the stream's contributors.

"Won't delegates just siphon funds to themselves?" you ask. Well, yes, that will 100% happen at some point. Corruption is a human problem that can't be solved with technology alone. PrizeForge aims to provide mechanisms to allow the community to be very dynamic, so contributors can easily switch to a new representative—for any reason. Additionally, tools for transparency in how the money moves would go a long way in keeping delegates accountable.

In the context of open-source software, delegates should be experienced power users who are well equipped to evaluate features and bugfixes, and then can award the prizes to developers according to their best judgement.

The use of a representative has many advantages over direct crowdfunding. Someone highly invested in a software product has valuable experience and would be more effective at setting priorities for features and bugfixes. An experienced and trusted delegate would save developers time having to parse the requests (...demands?) of individual users who may not be able to articulate what they really want. Also, if a developer or company stops doing what people want (providing value to the people who care), then funds can flow to competing alternatives in a very granular and dynamic way, as the delegates shift funding and/or new delegates arise.

If we could pick a delegate here for Tildes, would anybody really object to @cfabbro?

These trusted delegates already exist, everywhere! We just haven't been able to cooperate in the right ways to delegate our individual power, so they can truly move the needle on funding the projects we care about. PrizeForge is, I believe, the first truly sustainable funding model for community-owned and directed open-source.

Addendum

Watch this video first! Before you get scared away by the terrible scammy-looking website: https://www.youtube.com/watch?v=SO46oEdlkY8

The FAQ: https://prizeforge.com/faq

The company's github page: https://github.com/positron-solutions

Looks like just two people, with Psionikus doing all the promotion and running accounts. The company is incorporated in South Korea. They've got a bunch of emacs tooling, and I believe the PrizeForge concept originated out of a desire to improve the funding/development process of emacs, then the lem editor. They also apparently have a bit of beef with the FSF due to emacs politcs. Check out the last FAQ for a fun easter egg.

The sub-reddit: https://old.reddit.com/r/PrizeForge/

The Hacker News comment that took me down the rabbithole: https://news.ycombinator.com/item?id=45036360

Bonus thoughts:

• What's really crazy is that this is not a crypto or blockchain project. You can do a simplified version of the elastic fund matching with just money, pen & paper.
• This financing scheme is basically an idealized utopian voluntary tax system. I can imagine a granular delegate system being extremely effective at making politics incredibly boring. Imagine electing a local representative only to have potholes fixed in your area, using only the funds earmarked for fixing potholes. It would be so much simpler to keep them accountable. Either the roads are crap or they aren't! Where's the money, bub?! Why've you got a fancy new lawnmower?! I want my $2 back!
• If this reaches critical mass, it ends surveillance capitalism and digital feudalism. I don't want to live in Black Mirror, and this seems like the way out of that future.
• I would really love it if we can establish a funding stream for Tildes. I know I can donate to Tildes directly, but it would be a great test run to help PrizeForge get operational and build credibility. I only need one other crazy person. Isn't the internet great? (My credit card has not been stolen btw)
• The password login is still in development, so you have to login via Google SSO. I absolutely hate using Google SSO but I get it from a developer perspective. Proper auth is hard and companies like Tailscale took the same path and still don't support password login. (My google hasn't been hacked either fwiw)

Did anybody else back this when the kickstarter was happening?

Remember in the early 90s when you'd go to the local computer swap and sniff cards to see if they were fried or not? When you got a bad one, this is that exact smell.

I received mine today and I have to say, if you love the smell of solder / welding, raspberry, cheap alcohol, and suffering -- this is the scent for you!

This is easily the worst smelling fragrance I have ever experienced. So bad, in fact, that if there is ever an opportunity to go to space, I will respectfully decline.

This was the first campaign I backed. It took roughly eight months for everything to come together... and it really has me questioning this model. So my question is, what have you backed and what was your experience?

What things -- big or small, successful or not-- have you put your money towards in hopes of bringing them to light? Tell us the story of why you chose to support them and whether or not you feel your contribution was worth it to you in the end.

It's been asked a couple of times before, but not particularly recently (last was in August I think!). So who or what do you support on Patreon, and why?

I currently pay for two podcasts: Let's Know Things, and The Film Reroll.
Let's Know Things is a podcast made by Colin Wright, who if you've seen the Minimalists documentary on Netflix you may be familiar with. It's a great weekly podcast that picks apart a recent article, adds a load of context to the subject, and extrapolates from it somewhat. It's always insightful, and I've learned a load that I never thought I would from it.
The Film Reroll is probably my favourite podcast right now. The basic premise is that a group of people take the plot of a movie, and turn it into an RPG (using GURPS). So instead of normal improv where they can just do something, they have to roll dice to see if they actually succeed at doing it. It invariably ends up going completely off the rails, and is always hilarious. Highlights include the Speed episode where they catch the mastermind before he has a chance to plant the bomb on the bus, and Jumanji, where the dice rolls for the board game go so well that they beat it before things have a chance to go dreadfully wrong.

It's not through Patreon, but I also make a monthly contribution towards this website called wikipedia. It's pretty wild: an online encyclopaedia where anyone can view, submit, or edit the information, for free. It's got a page on just about anything you can think of, and whilst it's not perfect, it can be a fantastic jumping off point for learning about a subject, and going deeper via the sources. I believe it to be one of the pinnacles of online achievements, and I use it easily twice a week directly (and more indirectly, every time I get instant answers from Google).

So what do you support via Patreon (or other means)?

EDIT: A followup question. Does the amount that a creator on Patreon is already receiving have any bearing on your decision to contribute?

In keeping with Tildes' general philosophy of supporting budding technologies that have the potential to reform large domains of the internet for the better, I think you should look into Flattr (www.flattr.com).
A Flattr subscriber reserves any set amount of money per month which will then get automatically distributed to content creators on the web, in proportion to an algorithmic estimate of how much the user has used that particular site or resource.

First-tier support for Tildes on Flattr would be as simple as registering an account and connecting the tildes.net domain to it. From then on, a percentage of the reserved amount would automatically get transferred to Tildes' account for every Flattr user who uses the site (I myself have generated 64 "Flattrs" on this site as of this moment, which would lead to a significant portion of my reserved $5 to be transfered to Tildes for this month).

For sites that host content creators, like Twitch and YouTube, Flattr offers a deeper support, where Flattrs go toward individual content creators as well as the host site in itself. An intuitive way to connect Tildes to this feature would be to have each upvote of a Tildes post generate a Flattr for the poster. I believe the money would then be divided between the user who was upvoted (if they have a Flattr account) and Tildes' own Flattr account, but I am unsure about the exact fraction that would get routed to the individual poster as opposed to Tildes itself. I'm sure Flattr's tech support can answer this in detail, though. Flattr is currently owned and maintained by the company behind AdBlock.

What do other users think? Is Flattr's model good? Are there other sites or providers that offer a similar service? A notable difference between for example Patreon and Flattr is that Flattr is indirectly based on a "pay what you want" model, which marks a pretty significant shift in economic control from producers to consumers. This will obviously have both advantages and drawbacks. Personally, I think the model has a lot of potential on an arena like the internet, where the sheer number of potential consumers can make microtransaction-based models like Flattr really powerful.

According to Graphtreon, there are some crazy popular Patreon campaigns. The top creator has over 37,000 patrons and the runner-up creator has over 23,000 patrons. They're making over $100k per month from crowdfunding alone. Insane!

So I'm curious: Do you guys support any Patreons yourself? Which ones and why?