I want to improve Bitcoin crowdfunding!
In short here are the problems with Bitcoin crowdfunding via Lighthouse currently:
- Can't "refund" with any sort of automated confirmation back to the pledgers
- Campaigns can't expire or be cancelled
- High minimums on amount you can pledge (often $20 or more)
- Limits on contributors (684 max, many Kickstarter campaigns have over 1000)
I know about Lighthouse and have read about it here and there but have never actually been to their site and or read everything in detail. If however that is the limitations, as you mention above, then the project seems flawed.
There has to be a refund option and an expiry to each campaign and the minimum should be quite a bit lower.
Going to read up on Lighthouse abit and your project and will post some comments later.
