Tag Archives: Person-to-person lending


Banking on one another: Can the crowd save itself from the banks?

Posted on by Ville Miettinen

… need bailing out. Now they don’t lend enough (unless share-options and fat bonuses count as lending). As any former Wall St inhabitant, election-year politician or self-respecting Hollywood celebrity will tell you: banks are pure evil.

Personally, I quite like the banking system as a whole. Swiping a little plastic card in exchange for a pile of food is my favorite magic trick. Still, there’s no doubt the current system could be improved. And, you guessed it, crowdsourcing may be …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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From millions of tasks to thousands of jobs: Bringing digital work to the developing world

Posted on by Vili Lehdonvirta

Every country in the world has probably benefited in some way from the unprecedented access to knowledge and services brought about by the digital revolution. But producing the knowledge banks and services has so far been a predominately rich-country business. The world’s poorest countries have generally not been able to participate in the production side of the digital …

Tags: Bank crowd crowdsourcing eBay Facebook Funding Circle Loan microtask microwork Person-to-person lending RateSetter

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Crowdfunding the future: Mad science, bad science, and the Tesla Museum

Posted on by Ville Miettinen

As the original mad scientist, Nikola Tesla has been a source of inspiration to geeks of all types for over a century. The Serbian-American electro-wizard transformed the world with his development of alternating current (and inspired direct current supporter Thomas Edison to electrocute an elephant ), before vanishing into madness and obscurity.

If you’re interested in …

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See hear: crowdsourced subtitles for everyday life

Posted on by Ville Miettinen

As anyone who has watched a few movies with unofficial subtitles will know, quality control can be a bit of an issue. But even in the world of terrible, inaccurate subtitles, nothing comes close to the awful poetry that is Star War the Third Gathers: Backstroke of the West (better known as Star Wars Episode III: Revenge of the Sith ). The homemade subtitles that accompany …

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Crowdfunding donations: Is giving me your money a good idea?

Posted on by Tommaso De Benetti

When people ask me “What’s your dream holiday?” I usually lie to them. I say some exotic holiday destination that makes me sound normal. I don’t say space or the moon or the bottom of the sea, because I’m nervous it might make me sound like a dreamer or full of myself. Which I am (not).

But the truth is I am a lot like Richard Branson, Ashton Kutcher and James …

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