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by Deejahll 5266 days ago
I sunk a lot of thought into a very similar idea a while ago, but then Kickstarter launched. Since it was successful and "close enough" to mine it kindof took the wind out of my sails and I've let the idea languish.

I bought a domain to describe it that is obviously now old and stale and incidentally will expire in about a week.

This page describes my motivation but is light on technical details: http://libazaar.com

This page that I have just reconstructed from older drafts has lots more text: http://libazaar.com/faq.html

Similar ideas other than Kickstarter have been conceived: http://tdaa.digitalproductions.co.uk "The digital art auction" http://www.contingencymarket.com "The contingency market"

There is a name for this Kickstarter-style model: Assurance Contracts. http://en.wikipedia.org/wiki/Assurance_contract

The "Dominant Assurance Contract" idea mentioned on that Wikipedia article is worth investigating.

For what it's worth, I think that assurance contract style markets provide the only truly fair way to buy and sell goods "made of information" like software, novels, digital art, and digital music in the information age. The price-per-copy model is an artifice imposed by those who don't want to change from the simple old manufacturing-age business models, and our acceptance of those models have enabled them to be grossly overcompensated.