I would buy certificates for a donation to AMF (no need to talk with them about it), but not for a bednet distribution. It is fine to offer to sell them; I probably should have included something like this as a benchmark, but I would prefer to buy them from someone else. The price I’m willing offer is unlikely to end up anywhere close to $1000, unless multiple people offer to sell certificates for a donation to amf and they end up competing with each other. If your asking price was much less than $1000 I would be incredulous, though I guess it should be a bit lower because you can take an extra deduction.
Similarly for a donation to givedirectly, I’d buy a certificate for the donation but not the cash transfer itself, so no need to worry about $100 vs $91. I won’t ask for any kind of elaborate proof, a tax receipt is plenty.
Note that I personally am not super optimistic about development, though amf donations may nevertheless be the best option on the table.
I would not bet on certificates ever becoming interesting to mainstream investors (at the point when any given certificate is sufficiently straightforward / commodified that a normal investor would buy it, they aren’t really adding any value and the philanthropist could just by it themselves). If it got big enough there may eventually be loosely grounded speculation on particularly straightforward certificates, which would mostly amount to bets on the size of philanthropy or the longevity of the certificate market.
The certificates are owned by the funders who purchase them. Different funders can have different values, and the purchasing decisions aren’t necessarily made jointly (though we will preserve truthfulness for the seller).
Okay, thanks! Seems I have nine days left. That should be plenty to submit an offer over a benchmark donation certificate. (Update: done.) I think GD is probably the simpler baseline for this.
I hope the fact of it being a benchmark for this system (greater impact) won’t affect the usefulness of the benchmark (lower impact)? Those considerations cancel each other out impact-wise, right? This is getting curiouser and curiouser.
You had a few scenarios in your first post that sounded like they would be interesting for mainstream investors, like funding research in return for a share of the certificate. That sounds like something VCs might do.
I would buy certificates for a donation to AMF (no need to talk with them about it), but not for a bednet distribution. It is fine to offer to sell them; I probably should have included something like this as a benchmark, but I would prefer to buy them from someone else. The price I’m willing offer is unlikely to end up anywhere close to $1000, unless multiple people offer to sell certificates for a donation to amf and they end up competing with each other. If your asking price was much less than $1000 I would be incredulous, though I guess it should be a bit lower because you can take an extra deduction.
Similarly for a donation to givedirectly, I’d buy a certificate for the donation but not the cash transfer itself, so no need to worry about $100 vs $91. I won’t ask for any kind of elaborate proof, a tax receipt is plenty.
Note that I personally am not super optimistic about development, though amf donations may nevertheless be the best option on the table.
I would not bet on certificates ever becoming interesting to mainstream investors (at the point when any given certificate is sufficiently straightforward / commodified that a normal investor would buy it, they aren’t really adding any value and the philanthropist could just by it themselves). If it got big enough there may eventually be loosely grounded speculation on particularly straightforward certificates, which would mostly amount to bets on the size of philanthropy or the longevity of the certificate market.
The certificates are owned by the funders who purchase them. Different funders can have different values, and the purchasing decisions aren’t necessarily made jointly (though we will preserve truthfulness for the seller).
Okay, thanks! Seems I have nine days left. That should be plenty to submit an offer over a benchmark donation certificate. (Update: done.) I think GD is probably the simpler baseline for this.
I hope the fact of it being a benchmark for this system (greater impact) won’t affect the usefulness of the benchmark (lower impact)? Those considerations cancel each other out impact-wise, right? This is getting curiouser and curiouser.
You had a few scenarios in your first post that sounded like they would be interesting for mainstream investors, like funding research in return for a share of the certificate. That sounds like something VCs might do.