Comment Re:Kickstarter's Fundamental Problem (Score 2) 217
The fundamental problem with Kickstarter is that there's no accountability for handling the money.
Only if you completely, and entirely, miss what it's used for. If someone wants to set up a kickstarter equivalent where projects must be independently audited, project plans validated, and investors have some legally watertight form of ownership as well as power to intervene then they are welcome to set it up.
Here's one of the projects highlighted on Kickstarter's frontpage: Help send The Kinsey Sicks to the Edinburgh Fringe Festival! They want ~$24,500 to go to and perform at a Festival. They aren't trying to sell a product, they are asking fans to help them. Some of the higher pledges include getting a CD or some such. Why on earth does a project like this need drowning in bureaucracy (the lack of which is what you claim is Kickstarter's weakness) because some other people naively think Kickstarter is a zero risk pre-order store?