Thursday, June 9, 2011

Crowfunding



I've never heard of crowfunding, buy it does sound like an interesting concept. I kind of like that people are free to post what they want, and if enough people like it, have the means of publishing their craft. It gives people a sense of freedom and opportunity that may otherwise be difficult for them to accomplish.

Crowfunding works like this: A person is free to propose a story idea. If enough people are willing to invest in these ideas, people will investigate and publish the article. It gives the public a voice. People really see how people are willing the pay money to see these stories published. If it garners enough interest, the story will be published. And if it doesn't, well, there's nothing to lose.

It's kind of an opposite approach -people often read news to find out what is happening (whether in the world, in fashion or even the latest gossip magazine). Crowfunding is doing that backwards, letting the public choose what they want to see in the article. And why not!

Whether or not it will truly work -well, we'll find out in time. Personally, while I do find the idea harmless and maybe a bit fascinating, I'm not entirely sold on it. Of course, that's just my opinion -and the rest of the world may see it differently. I don't see this being anything more than perhaps a moderate success. But with technology and communication quickly evolving, perhaps this may become a thing.