Comments on: The pitfalls and perils of Kickstarter http://www.digitaltrends.com/web/the-pitfalls-and-perils-of-kickstarter/ Digital Trends is your home for technology news, CE product reviews, mobile app reviews and daily videos. Mon, 20 May 2013 21:48:48 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: suhu http://www.digitaltrends.com/web/the-pitfalls-and-perils-of-kickstarter/#comment-445788 suhu Fri, 20 Apr 2012 11:53:38 +0000 http://www.digitaltrends.com/?p=344228#comment-445788 Actually you are neither investing nor backing but advancing money and the idea is not new either. The whole banking system is based on the same principle – the pound notes in England have written on them “I promise to pay the bearer on demand the sum of…” followed by the face value of the note. When paper money first began you presented this to the bank to get your money and if there were no supporting funds to meet the demand on the note then all you had was a piece of paper. It was only later that the notes became the money itself. Much the same with this… you are buying into a promise.

All the backers are agreeing to is to pay in advance for what they have been persuaded is a useful product or service so the creators can get the thing past the concept stage and onto the market. As with all things on the net – a certain degree of discrimination is required. I agree with the previous comment that anything which is not wanted will be ignored – and if VCs can’t make the right call then who at Kickstarter can? We vote with our clicks. Finally real democracy.

]]> By: Reina Hosier http://www.digitaltrends.com/web/the-pitfalls-and-perils-of-kickstarter/#comment-445753 Reina Hosier Thu, 19 Apr 2012 20:49:50 +0000 http://www.digitaltrends.com/?p=344228#comment-445753 This seems to be an incredibly biased and unimaginative view of Kickstarter. There are always going to be stupid people, but if you read through the website, in no way does it imply that by putting your money toward a project that you become an investor with any sort of privileges. Like almost any other element of life where money can influence an outcome, funding a project is merely speaking through your dollars that you believe in a project/group/theory.

Why should you care if outlandish ideas are pitched through Kickstarter? If these products are not of interest to anyone, they will not be funded. Isn’t that the premise of capitalism and the economic rules of supply and demand? Why should a few biased decision makers decide what the public wants or deserves to have?

We finally have a platform in which everyday Americans can realize their American Dream. I say, more power to them.

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