Learn
The mechanics behind Pieces, explained simply.
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How Pieces Works: Creators, Backers, and Bonders
A step-by-step walkthrough of how Pieces works: creators lock content behind a funding goal, bonders stake confidence, and backers either unlock it or get refunded plus a bonus.
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What Is a Bonder on Pieces?
A bonder stands behind a creator by staking money up front to help a Piece reach its goal, earning a creator-set kickback if it funds and forfeiting the stake to backers if it does not. Here is how bonding works on Pieces.
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What Is a Refund Bonus in Crowdfunding?
A refund bonus pays backers extra when a crowdfunding campaign fails to reach its goal. Learn where the idea comes from, why it works, and who pays for it on Pieces.
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The Free-Rider Problem in Crowdfunding, and How to Fix It
Why crowdfunding campaigns fail even when enough people want them to succeed: the free-rider problem, wait-and-see backing, and the refund bonus mechanism that fixes it.
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What Is a Dominant Assurance Contract?
A plain-language explainer of dominant assurance contracts: how they work, why backing becomes the rational choice, and how Pieces uses them to fund digital content.
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What Is an Assurance Contract?
An assurance contract collects pledges and only takes the money if a funding goal is met. Learn how the mechanism works, why Kickstarter is one, and where it falls short.
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Assurance Contract vs Kickstarter: What Is the Difference?
Kickstarter is a simple assurance contract. A dominant assurance contract adds a bonus for backers when a project fails. Here is how the two compare and where Pieces fits.
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What Is a Pre-Information Market?
A pre-information market is a market on a creative work that exists before the work is public: creators lock content, bonders stake confidence, and backers fund its release. This is the category Pieces created.
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