We the Peeps will use blockchain to try and break politics’ big-money monopoly

Its founders think crowdfunding, cryptocurrency, and blockchain voting can help citizens call the

We the Peeps will use blockchain to try and break politics’ big-money monopoly

Curated via Twitter from MIT Technology Review’s twitter account….

The first application they are building, called We the Peeps, is a fundraising platform meant to “allow ordinary people to raise money around issues or causes and then vote on where it goes,” says Warren, the company’s CEO.

He and his co-founders at Peeps Democracy are convinced that a combination of crowdfunding, blockchain voting and cryptocurrency-based incentives are enough to give small donors a more powerful voice in US politics.

The elected politicians listen more closely to “the people writing the big checks,” he says, which means that the issues and causes that are most important to small donors often “get lost in translation.

ActBlue says it has raised more than $3. 5 billion dollars since 2004, and an analysis by FiveThirtyEight and the Center for Public Integrity found that more than half of all contributions from individual donors to Democratic congressional candidates in 2018 passed through the platform.

Link to original article….

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