For the donors, I don’t have a lot to add, but I’ll re-state my point.
Donors today at least claim to be worried about having outsized power in a way that could cause them to get their causes or allocations ‘wrong’. As you note, the wisdom of the crowd could solve this. If these donors don’t want things going off course, they could pre-specify a list of subcauses they’re interested in funding, or even a broader area, or this should keep those benefits while mitigating most of the harms.
For the donors, I don’t have a lot to add, but I’ll re-state my point.
Donors today at least claim to be worried about having outsized power in a way that could cause them to get their causes or allocations ‘wrong’. As you note, the wisdom of the crowd could solve this. If these donors don’t want things going off course, they could pre-specify a list of subcauses they’re interested in funding, or even a broader area, or this should keep those benefits while mitigating most of the harms.