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To add to the other Greece Breaking News story (Greece Defaults, Still Wants Bailout)....
The Ars Writes:
Thom Feeney, a London shoe shop worker who started a campaign to raise €1.6 billion (that's US $1.78 billion). Feeney's IndieGoGo campaign, started just two days ago, has already raised an astonishing €478,575 (or $533,010) from more than 30,000 people.
"All this dithering over Greece is getting boring," Feeney wrote on his IndieGoGo page. "Why don't we the people just sort it instead?" He added that to come up with the €1.6 billion, every member of Europe would only have to give €3 each (well, technically you'd only need to collect from members of the European Union; that's not even counting any potentially generous Swiss or Norwegian people.)
The campaign has six days left to raise money. If €1.6 billion isn't raised, all the donors will get back their money.
This afternoon, the International Monetary Fund (IMF) declared that Greece was officially in arrears, but it has not yet declared that Greece is in default. Technically, the IMF could offer Greece an extension of its debt repayment obligation. On July 5, the country will hold a national referendum on whether to sign a deal demanding even stricter austerity from the nation.
But, if Europeans all chip in, maybe we can just put this silly bailout business behind us.
Original Submission
(Score: 2) by NCommander on Thursday July 02 2015, @12:32PM
Even if it fails, I'm fairly sure its going to set records. That being said, I actually think it might have a slight chance of actually succeeding ...
Still always moving
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @12:43PM
Are people actually contributing money, or just making pledges? If it's the latter, they'll have a tough time collecting from people who pledged more than say $20.
(Score: 2, Informative) by YeaWhatevs on Thursday July 02 2015, @12:48PM
It comes out of your account immediately if you use paypal, refunded later if the goal isn't met.
(Score: 0) by Anonymous Coward on Friday July 03 2015, @02:43PM
And then your account gets frozen for no reason if you use paypal, probably to never be thawed.
(Score: 5, Funny) by Anne Nonymous on Thursday July 02 2015, @01:53PM
Speaking of which, you guys could reset the SoyNews fund-raiser counter back to zero, borrow a large amount of money in Zlotys, do a credit default swap into Zimbabwean dollars, let the banks create loan-loss reserves against your debt, arrange a temporary bail out from the Japanese until a budget can be passed, do a sale-and-lease-back of mrcoolbp through the Argentinian Central Bank, default entirely on the whole thing, and then do a Kickstarter to pay off the debt.
(Score: 2) by takyon on Thursday July 02 2015, @09:10PM
What record levels? The top Kickstarter project raised $20,338,986 for the Pebble smartwatch. The Reading Rainbow program with LeVar Burton raised $5,408,916 at #9.
Top Indiegogo project: $12,174,187 for "Flow Hive", whatever that is. The failed Ubuntu Edge fundraiser reached $12,809,906 of Canonical's $32 million goal.
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