Hacker News Reader

I have long thought crowdfunding is ripe for disruption. We should not need a middleman to send people money over the internet. It can be accomplished via a smart contract and creator listings could be self-hosted (think openbazaar). It could also fix the censorship issue inherit to these platforms.

With Patreon raising prices and now this, maybe someone will crowdfund an alternative.

View on HN

Throw the word blockchain in there and you’ll have a winner :)

It would use a cryptocurrency of course and probably a stablecoin. That means there's a blockchain somewhere along the line although crowdfunding would be an excellent use case for lightning-style payment channels to compress fees. If you pay a recurring fee every month then that's 12 fees a year. With payment channels we can reduce it to 2 - the fee to open the channel and the fee to close it.

Reply on news.ycombinator.com