On: Kickstarter project raised $196K and stopped respo...

[maxerickson]

As far as I can tell, they basically want backers to be comfortable with 100% risk. I think this is a reasonable position.

[basisword → maxerickson]

If it's unreasonable people shouldn't back projects. The creator is also taking risk investing time and usually their own money into the project. If it fails they lose that investment and the backers lose their investment. Kickstarter needs to make it more clear to backers the risk involved and that they aren't pre-ordering anything. They are giving someone money and hoping they can successfully create something with it.

[fragsworth → maxerickson]

I think it's reasonable too, but something will inevitably change about this. Government always steps in to protect fools.

Best case, I think, is we'll have some federal law requiring obvious and visible disclaimers on these sites that you might lose your money.

Worst case, they impose some kind of transparency restrictions and rules on the developers.