Crowdfunding Is Broken, Bitcoin Fixes It

Crowdfunding is a powerful mechanism for innovation and support for social projects. Platforms like Kickstarter and Indiegogo have spearheaded the Web 2.0 crowdfunding movement, spawning multi-billion dollar tech startups like Oculus and raising thousands of dollars.

Through these platforms, the online community has been able to join forces and mobilize resources at unimaginable speeds and scales, but up to a point. Crowdfunding today is shrinking significantly due to its reliance on legacy funding, which limits the access of the majority of the world to crowdfunding.

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