selfstarter reviews and mentions
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The $100M Deal for Kickstarter to use Blockchain
Talk about burying the lede.
> Some users will also make small pledges on the platform to test out stolen credit cards. As Fortune learned, one internal estimate puts the amount of revenue that comes from fraudulent projects as high as 18%
Kickstarter was and will always be beholden to their credit card processors which in turn dictate which products they allow or ban.
After Philips caused a stink about LifX[1], it was the threat of losing their payment partners that caused Kickstarter to ban all sales of hardware [2]. They would later walk back that decision but not before we launched our own open source competitor that went on to do $100m, including Bitcoin support in 2012 [3].
Which is to say decentralized payment systems solve a lot of problems for crowdfunding platforms. Specifically Kickstarter missed out on the explosive growth that GoFundMe capture because Kickstarters payment processor said “no” and GoFundMe’s said “yes”.
But switching to Celo or some other platform in 2019+ feels too little too late.
[1] https://www.npr.org/sections/alltechconsidered/2012/09/03/16...
[2] https://techcrunch.com/2012/10/07/the-story-of-lockitron-cro...
[3] https://github.com/apigy/selfstarter/pull/22
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apigy/selfstarter is an open source project licensed under GNU General Public License v3.0 or later which is an OSI approved license.
The primary programming language of selfstarter is Ruby.
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