Making Open Software Massive
When millions of people need something, it doesn't make sense to wait for solo volunteers to build it for free. With tools to coordinate, large groups of users can drive development of important programs, especially those too complex for lone programmers to make for themselves.
Introducing Elastic Fund Matching
Enrolled ➛ Matching ➛ Matched
Above is a simulation of many users of all different budgets enrolling in an Elastic Funding stream. It uses our matching rules to demonstrate how partial and full matches proceed through multiple levels. Every run is unique. Sometimes there are more large or small contributions.
The New Format of Social Finance
The biggest change to our funding solution is adding delegates to control funds, separating creators from control over the funds, creating accountability and making it easier for groups of contributors to move between different creators.
1. Enroll
Enroll into one or more streams, each of which have a general purpose. Streams match funds together using our Elastic Fund Matching system, creating a fund to reward people who build nice things.
2. Delegate
Choose experienced users as delegates based on how well they can advise you and other users on important questions, including regular support. Smart delegates give good support and can be trusted to spend funds wisely, making your money smarter.
3. Reward
Every week, the delegates award funds to programmers who built something that the community values and wants to encourage more people to work on.
Every Enrollment Has a Recruitment Effect
This prototype demonstrates the kinds of innovations we're bringing.
- Funds match a little bit at a time
- Small enrollments enable bigger enrollments to match in higher levels.
- Every step we take together is bigger. More people means more recruitment effects.
- Fully automatic, no negotiations or notifications.
Read the full terms of Elastic Fund Matching 1.0.0 for a more detailed breakdown. Our social finance terms contain more generic definitions that should vary less between versions of Elastic Fund Matching.
$1000 USD Stream Minimum
Streams must exceed $1000 matched to begin paying out to creators. Crowd funding only begins to make sense when the amount is larger than any individual would do alone.
Matching Recurs Weekly
Week after week, matched funds will go to the right places without having to raise funds over and over. Every Sunday, the streams automatically begin matching again.
Fund matching restarts in
Delegates Make Being Smart Easy
Delegates can create accountability and clear communication so you don't have to log in every week or have a PhD in Wayland Compositor programming. Want to support Linux Gaming? Let someone else worry about whatever the inverse transform worldview matrix is.
Make PrizeForge Happen
While we find our message, prototype our features, and develop the feature-complete service that we want you to have, we opened a self-funding stream stream so that you can help us gain operating experience, recruit users by matching funds, and make this happen faster.
- Top up your account with a 2-3 weeks of your choice of enrollment amount
- Enroll in the self-funding stream for your maximum weekly amount.
- Recruit other users! We will match your funds with other users a little bit at a time until more users show up.
Check Out Our Pilot Streams!
Streams that match over $1000 will have delegates appointed to begin paying programmers who make nice things. Every week, people who make your software better will recieve some concrete gratitude. This will attract first-time contributors, encourage users to go deeper, and cause new patches and plug-ins to show up faster.
Elastic Means Big!
Elastic Fund Matching is a tool for financing big things, things that can only happen when lots of people want it a lot. It creates cooperation between professionals, prosumers, small businesses, and beyond. If a Fortune 500 company puts a million dollars into a stream, they can be assured that it will only become fully matched when it has bought massive cooperation in return.
Get Involved!
Until we develop our on-platform communication features, we are relying on 3rd party platforms like Reddit and will continue using it later as an out-of-band relief valve. Subscribe to the sub-reddit to keep up with development and give feedback on new features and plans. We post short updates on BlueSky @positron26. Links to our YouTube and others can be found on our company site where we also plan to have a blog with an RSS feed to discuss our tech and perspectives on unfolding trends.
Can you tackle work in our job listings? Meet up with the team in Busan, South Korea, while we navigate out of the garage phase. Generous equity and career advancement opportunities are available for the right people.