Donating to charities and funding for public good is a positive thing for everyone. But how can we solve the problem that those with the most money and power determine what projects should be funded? This is the exact goal for quadratic funding, to add democratic principles and prioritizes the voice of the individual to make every dollar count. We discuss this idea with Vitalik Buterin, the creator of Ethereum, and Glen Wyl, RadicalXChange Foundation Founder and Chairman, who proposed this concept in a paper last year, co-authored by Harvard PhD candidate Zoë Hitzig. This conversation explores how quadratic funding works in the context of COVID-19 relief.
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