“The wisdom of the crowd” is a phrase that once expressed reverence for the collective judgment of the populace. But in the age of crowdfunding, the phrase has become a snide disparagement indicating lack of surprise for yet another failed Indiegogo project:
“No More Woof never shipped its pet translator!? The wisdom of the crowd, am I right?”
Aristotle — master of logic and reason — is said to have originally coined the phrase. At least that’s what Wikipedia says, an online encyclopedia edited by a crowd. Reddit’s a good example of a site shaped by the aggregated opinion of its devoted crowd, and it’s the wisdom of the crowd that elects the US president and other leaders of democratic states. To be truly wise, the crowd should be...
First Click: The wisdom of the crowd is lost on crowdfunding dummies
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