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  1. Gitcoin Grants
  2. Gitcoin Grants FAQ

What are Public Goods?

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Last updated 2 years ago

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β€œIn economics, a "public good" refers to anything that is both non-excludable and non-rivalrous, that is, people can't be barred access, and one person's use doesn't degrade another's.

Clean air is an example of a naturally occurring public good, while the electric grid is a public good created by people.

What are the public goods of today's industrial-knowledge society?

Open source code, which supports millions of companies and independent developers, is often thought of this way.

The cypherpunks considered privacy itself as a kind of public good.

A great public good should:

β€’ Be values-based β€” in service of a set of values your community cares about.

β€’ Have longevity β€” be achievable and maintainable.

β€’ Create positive externalities β€” benefits a public beyond an immediate set of users.

Gitcoin started off focusing on Digital Public Goods (like Open Source software) but we have now expanded into real-life Public Goods.

To learn more about public goods checkout:

⁉️
πŸ“š
https://en.wikipedia.org/wiki/Public:good:(economics)en.wikipedia.org