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[parent] [thread] 11 comments
1. jtokop+(OP)[view] [source] 2012-08-12 17:44:04
Not that I'm accusing Dalton of doing this, but when croudfunding without using a platform like kickstarter, it might be too easy to fake backer numbers in order to meet the goal or inflate popularity.

What this means for the future: Companies will announce croudfunding and then fake amazing numbers in order to appear popular and gain lots of press.

I can see the headline now: "ACME Software raises $3 million in first 24 hours!" Actual funds raised: $250.

replies(4): >>sdqali+9 >>unimpr+e >>citric+g >>sdqali+x1
2. sdqali+9[view] [source] 2012-08-12 17:46:15
>>jtokop+(OP)
A number of people have raised this point to Dalton and he has promised that he will do a third party verification of all funding promises.

For example, see this: https://twitter.com/daltonc/status/234698066245074945 and https://twitter.com/daltonc/status/234399350275571714

EDIT: Added a link to Twitter conversation showing more context.

replies(1): >>J-H+j
3. unimpr+e[view] [source] 2012-08-12 17:47:11
>>jtokop+(OP)
https://alpha.app.net/dalton/post/32618

"We are using Stripe, so it's easy to audit." - Dalton Caldwell

replies(1): >>jrockw+vf
4. citric+g[view] [source] 2012-08-12 17:48:02
>>jtokop+(OP)
It's an interesting point, if you look at the video statistics it has only had 31,000 plays which means for every 4 people that watch the video at least 1 spends $50. However, Stripe has access to their payment info so it's possible to prove whether or not this is faked.

Actually, that's an interesting question: would it be fraud to fake the last $xxx,xxx of a crowd sourcing drive?

replies(1): >>Samuel+q1
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5. J-H+j[view] [source] [discussion] 2012-08-12 17:49:13
>>sdqali+9
Dalton also says this on app.net: https://alpha.app.net/dalton/post/32618
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6. Samuel+q1[view] [source] [discussion] 2012-08-12 18:08:35
>>citric+g
I backed the project without watching the video. The posts on sites like DaringFireball and Marco.org had already convinced me. I doubt I'm the only one.
replies(1): >>guscos+ti
7. sdqali+x1[view] [source] 2012-08-12 18:10:20
>>jtokop+(OP)
See this: http://daltoncaldwell.com/we-did-it
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8. jrockw+vf[view] [source] [discussion] 2012-08-12 23:44:53
>>unimpr+e
I'd like to audit it right now. How can I do so?

(The point is: it's not easy to audit. Not that I actually care one way or the other.)

replies(2): >>melvin+Av >>chalst+dw
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9. guscos+ti[view] [source] [discussion] 2012-08-13 01:13:47
>>Samuel+q1
Same here.
replies(1): >>0ptr+uy
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10. melvin+Av[view] [source] [discussion] 2012-08-13 08:40:02
>>jrockw+vf
Easy != accessible to everyone.

Easy == it wouldn't take a lot of work for him to allow someone to verify it.

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11. chalst+dw[view] [source] [discussion] 2012-08-13 08:57:32
>>jrockw+vf
It's rather unclear what Dalton means here. The interpretation that seems likeliest to me is that Dalton can easily provide independent evidence to a professional auditor (i.e., someone who can be given trusted access to sensitive data, and someone who isn't easily induced to lie on a client's behalf) that the tally is correct.

Unless it becomes routine to actually employ these auditors, that doesn't really answer jtokoph's worry.

Postscript - Indeed, that's what he meant: on http://daltoncaldwell.com/we-did-it he says "In the very near future I will ask an impartial 3rd party take a look at our data (while preserving all privacy of our backers) and publicly verify that the join.app.net was operated in an honest manner."

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12. 0ptr+uy[view] [source] [discussion] 2012-08-13 10:04:40
>>guscos+ti
AFAIK Vimeo calculates only fully watched videos, so it's 30000 viewers who watched the video to the end.
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