I wholeheartedly agree, and think we need to look elsewhere to apply this model.
Donor Lotteries unhealthily exhibit winner-take-all dynamics, centralizing rather than distributing power. If this individual makes a bad decision, then the impact of that money evaporates—it’s a very risky proposition.
A more robust solution would be to proportionally distribute the funds to everyone who joins, based on the amount they put in. This would democratize funding ability throughout the EA ecosystem and lead to a much healthier funding ecosystem.
I wholeheartedly agree, and think we need to look elsewhere to apply this model.
Donor Lotteries unhealthily exhibit winner-take-all dynamics, centralizing rather than distributing power. If this individual makes a bad decision, then the impact of that money evaporates—it’s a very risky proposition.
A more robust solution would be to proportionally distribute the funds to everyone who joins, based on the amount they put in. This would democratize funding ability throughout the EA ecosystem and lead to a much healthier funding ecosystem.