I believe that crowd-funding and digital transactions has been misunderstood a bit, and needs to be re-defined to it’s life. The second life. Here are some food for thought for crowd-funding:
1. Crowd-Funding can be a source from the internet as well as other ways to raise money. It can be in the form of hard cash or digital currency as well.
2. Crowd-Funding is essentially limited to some of the geographies in the form of infrastructure, development, raising funds, allowing a stake, and other form of alternative finance. It can definitely expand.
3. Let us say, for e.g., we need to build a park through crowd-funding. Even if the park is running into a loss, after its construction and operation, the money secured through crowd-funding does not flow back into the system of crowd-funding. Crowd-funding in that sense is a type of donation via monetary source pooling.
4. However, if the amount of funding reaches a certain threshold, then only the persons or stakeholders are qualified for profits. Let us say, that there crowd-funding is INR 100. Then, if the investment is around INR 7, then the person can be booked for a profit distribution.
5. It can be another form of funding, in which only debt and forward incentive-based form is taken for infrastructure related crowd-funding.
6. Crowd-Funding can also mean a resource to pull-out bad debts or invest in bad loans as a part of small contributions.
7. In arts, it mainly works as a contribution in funding for music, and other open sources where both amount and resources are invested for their next version release.
For a P-2-P based network in the digital transactions, here are some food for thought:
1. Peer-to-peer network does not really go hand-in-hand, but hybrid networks can be in use. By crowd-funding via hybrid networks, we mean a rational mix of P-2-P and client-server architectures.
2. A person sending money to another person can be charged based on the amount transacted and also on the time taken for reaching the remittance and the specific geographical pocket he has addressed remittance to.
3. Let us say, a watchman wants to send money from Mumbai to Patna. In this case, the watchman presses the function to activate in the Mumbai server, which is in client-server model with many other watchman. The Mumbai, Maharastra Server is connected to the Patna, Bihar Server in a P-2-P network and also with many other geographical servers like Kolkata, WB Server and so on. Essentially, this hybrid model works for the base of digital transactions.
Bricks and bats, welcome!