2014-05-21 Crowdfunding Platform ‘Lighthouse’ Could Reshape Bitcoin Landscape

[BTCat]

"Lighthouse will function on the premise of ‘assured contracts’, which means that projects are funded on the basis that the money is only collected and utilized if enough money is raised. The platform will use the block chain itself to verify transactions directed toward a project. However, the bitcoin network will only verify the transactions once the goal has been reached, said Hearn. Additionally, users will be able to revoke their pledges before the round is complete. Lighthouse will double spend the funds back to the user’s account, freeing them up for other uses."

http://www.coindesk.com/new-decentralized-crowdfunding-platform-reshape-bitcoin-landscape/

[jmintuck]

Do you mean that this is going to work like a  crowdfunding site that we have seen, but somehow different and Bitcoin? Something like a Kickstarter with bitcoin?

[CoinMode]

Do you mean that this is going to work like a  crowdfunding site that we have seen, but somehow different and Bitcoin? Something like a Kickstarter with bitcoin?

Kickstarter is centralized. Lighthouse is not.