About Me

Michael Zucchi

 B.E. (Comp. Sys. Eng.)

  also known as Zed
  to his mates & enemies!

notzed at gmail >
fosstodon.org/@notzed >


android (44)
beagle (63)
biographical (104)
blogz (9)
business (1)
code (77)
compilerz (1)
cooking (31)
dez (7)
dusk (31)
esp32 (4)
extensionz (1)
ffts (3)
forth (3)
free software (4)
games (32)
gloat (2)
globalisation (1)
gnu (4)
graphics (16)
gsoc (4)
hacking (459)
haiku (2)
horticulture (10)
house (23)
hsa (6)
humour (7)
imagez (28)
java (231)
java ee (3)
javafx (49)
jjmpeg (81)
junk (3)
kobo (15)
libeze (7)
linux (5)
mediaz (27)
ml (15)
nativez (10)
opencl (120)
os (17)
panamaz (5)
parallella (97)
pdfz (8)
philosophy (26)
picfx (2)
players (1)
playerz (2)
politics (7)
ps3 (12)
puppybits (17)
rants (137)
readerz (8)
rez (1)
socles (36)
termz (3)
videoz (6)
vulkan (3)
wanki (3)
workshop (3)
zcl (4)
zedzone (26)
Tuesday, 14 January 2014, 05:45

A great idea or capitalism gone awry?

I've been pondering crowd-funding lately and i'm not really sure it's a good idea.

It seems good on paper - democratic / meritic small-scale funding by interested public. Thing is we already have something like that: the stock market.

But unlike the stock market it is a complete free-for-all unregulated mess full of fraud and failures (ok so is the stock market, but even if it is also no better than a slot-machine, they do pay out sometimes).

In some ways crowd funding could be seen as a clever ploy by capital to finally remove all the risk from their side of the equation - most of it is already gone anyway. Rather than having lawyer backed due dilligence being used to take a calculated risk on an investment with some expected return, the public are taking uneducated risks based on emotion and group-think for no real return at all.

I don't regret helping to find the parallella, but i'm not sure I would do it again.

It is an industry sorely in need of regulation which will surely come before long. It should have a long-term place for small projects but once you get into the millions it seems far too skewed in favour of the fundees.

resampling, again | dead miele washing machine
Copyright (C) 2019 Michael Zucchi, All Rights Reserved. Powered by gcc & me!