Actually, a simple (but perhaps not easy) way to reduce the risks of funding bad projects in a decentralized system would be to have a centralized team screen out obviously bad projects. For example, in the case of quadratic funding, prospective projects would first be vetted to filter out clearly bad projects. Then, anyone using the platform would be able to direct matching funds to whichever of the approved projects they like. As an analogy, Impact CoLabs is a decentralized system for matching volunteers to projects, but it has a centralized screening process with somewhat rigorous vetting criteria.
(Just saying I did lots of the vetting for colabs and I think it would be better if our screening would be totally transparent instead of hidden, though I don’t speak for the entire team)
If you want a system to counter the univerversalist curse, then designen a system with the goal of countering the univeralist curse. Don’t relly on an unintended sidefect of a coincidental system design.
Actually, a simple (but perhaps not easy) way to reduce the risks of funding bad projects in a decentralized system would be to have a centralized team screen out obviously bad projects. For example, in the case of quadratic funding, prospective projects would first be vetted to filter out clearly bad projects. Then, anyone using the platform would be able to direct matching funds to whichever of the approved projects they like. As an analogy, Impact CoLabs is a decentralized system for matching volunteers to projects, but it has a centralized screening process with somewhat rigorous vetting criteria.
(Just saying I did lots of the vetting for colabs and I think it would be better if our screening would be totally transparent instead of hidden, though I don’t speak for the entire team)
Yes! Exactly!
If you want a system to counter the univerversalist curse, then designen a system with the goal of countering the univeralist curse. Don’t relly on an unintended sidefect of a coincidental system design.