IntroductionQuadratic funding has received a lot of attention recently as a mechanism for funding public goods—especially in the cryptocurrency space. QF is appealing because it is theoretically optimal under certain assumptions1.The problem is that these assumptions don’t ever hold in reality.The theory behind QF is sound and elegant, and the authors of the original paper are clear about the assumptions. They don’t claim they are likely to hold in reality, and warn about the consequences when t...