Speaking to Cointelegraph, Cardano’s Project Catalyst Group Product Manager Kriss Baird argued that funding decisions made by a small number of people do not produce “great outcomes.”
Kriss Baird, the principal figure of Cardano’s Project Catalyst, spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development.While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager.
“The problem to be solved is that the decisions being made on who gets the money really comes down to probably a handful of .” “It’s actually very difficult, particularly in something like Catalyst where everybody has an opinion… It means there are 10,000 or more opinions on how to operate Catalyst,” he said.
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