Video Explanation of Quadratic Voting and Quadratic Funding - Jonjon Clark
Channel: RadicalxChange
Date: 2020-08-04

If you want to learn about Quadratic Voting and Quadratic Funding, this video explanation is a must-see. It was one of the challenges on the RadicalxChange track of the first GitxChange - a RadicalxChange + Gitcoin hackathon - to design such a video. We think that the winner Jonjon Clark did a great job in doing so! Thank you, Jonjon.

Jonjon Clark is co-founder of wildcards.world, a platform funding animal conservation through the radical markets idea of Harberger tax. He enjoys chess, yoga and designing blockchain based systems underpinned by interesting incentive mechanisms. He is also very passionate about education, having previously lectured computer science and economics at the University of Cape Town.

QUADRATIC VOTING
Democracy, whether in a country, community or local club, is about giving each individual a say. But current voting methods miss a lot of what people really think. Quadratic Voting is a new twist on voting that allows individuals to express not just their choice, but also how strongly they feel about it. It can be applied to almost any situation where a group needs to make a decision or prioritize options.

QUADRATIC FUNDING
Funding public goods, like shared infrastructure or open-source software, is a key challenge for democratic communities – among other things because of the natural incentive for individuals to “free ride” on the funding others provide. Matching funds, where individual donations are matched by those from government or a philanthropic institution, are a great way to address the problem. But traditional matching approaches based on centralized actors often don’t reflect the real needs of a community. Quadratic Finance solves this by prioritizing projects based on the number of individual donations, not their size. Like quadratic voting, the aim is to better capture true sentiment and turn it into action.