This innovation works really well with quadratic funding because previously, the panel of judges was either a few people that the government trusts a lot — but then maybe they’re not diverse enough — or it’s just crowdfunding — but then people with a lot more money actually speak louder almost by definition in the crowdfunding scenario. So quadratic funding is between a panel of award committees and pure crowdfunding, and chooses something in the middle that has hopefully the benefit of both.

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