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New cooperation mechanism - quadratic funding without a matching pool — LessWrong

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Quadratic funding[1] is a powerful mechanism for resolving some collective action problems. But it has a major limitation - it relies on some third party, that provides a matching pool of funds. In the most dangerous collective action problems, we don't have such third party helping us from above. Those situations already involve the most powerful actors, so we can't expect someone more powerful to resolve the conflict, like a galactic mom. Some examples: One thing we can try in this situation, is to create a smart contract where each party says "I'll pay more if others pay more". This way, if you decide to increase your contribution by 1$, it causes the pot to grow by more than 1$, because your dollar caused other agents to contribute some more. This leverage, in some situations can be enough to make someone pay, because the value they get out of the bigger pot is higher than what they have to pay. Some properties that it would be nice to have in such a system are: A very simple syste

x New cooperation mechanism - quadratic funding without a matching pool — LessWrong Coordination / Cooperation Cryptocurrency & Blockchain Game Theory Mechanism Design World Optimization AI Frontpage 11 New cooperation mechanism - quadratic funding without a matching pool by Filip Sondej 5th Jun 2022 6 min read 0 11 cross-posted to ethresear.ch and EA forum Motivation Quadratic funding [1] is a powerful mechanism for resolving some collective action problems . But it has a major limitation - it relies on some third party, that provides a matching pool of funds. In the most dangerous collective

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