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crowd's fraud and failure - Coggle Diagram
crowd's fraud and failure
failure
Was it the lack of expert evaluation that caused the failure?
agree with crowd & expert
more commercial hits out of this group
Low failure rate
seldom fail to provide return
kickstarter :10%
Crowd
V.S
expert
crowd
Tolerate a higher failure rate
More tasteful
Great success or failure
expert
low risk
No great success or failure
Appropriate combination of manufacturing win-win
Illustrate with Kicksrarter information
kicksrarter crowd v.s NEA expert's standar
only agree with crowd
not only commercial hits
more successfully touring on Broadway
fraud
Linus's law
"with enough eyes, all bugs are shallow"
Enough concentration, strict supervision
The public is watching with wisdom, there will be someone who find problems
Need the help of the platform's curatorial mechanism
Low fraud rate
how to avoid
There is platform's curatorial mechanism
Backer evaluate the display content
And many people follow this project
Few followers are prone to problems
ex: small equity crowdfunding
creater can't fraud
Is crowd wise or madness ?
depend on backer itself .
People are rational