t seems to be constructed to minimize the risk donors carry in the event of a failed campaign, and to maximize the perceived leverage of small donations
I think it's been constructed to maximize democracy -- the crowdthink determines the flow of money. I can't tell if the author considers the inevitable snowballing to be a feature or a misfeature (or even realizes it will happen).
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
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