5min chapter

The Blockchain Socialist cover image

Talking Politics with Vitalik Buterin (Part 1)

The Blockchain Socialist

CHAPTER

The Collusion Issue in Quadratic Funding

With quadratic funding, you have this argument that like your vote or how much you contribute reflects the strength of your preference. But if someone can pretend to be two people, then they can cheat quadraticfunding and break the system. And so what's you will look into this philosophical theory is basically a mechanism that breaks once people are allowed to cooperate even a little bit. That means there cannot be a mechanism that gives you the correct answer without relying on information.

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