CoFundos.org - Sponsoring Open Source Development

Confundos is a discussion platform for the exchange and development of ideas. It's based on open source and open knowledge—all ideas on the site must be licensed under a Creative Commons license. The site relies on transparency and accountability to foster enriching discussions. Here's a basic rundown of how it functions: someone needs an open source software or plugin; he/she proceeds to describe on the site; from there, the description is enhanced by community input and comments; next, users who need such a project bid for its completion; specialists capable of accomplishing the project pitch their services after which competitive bids are received once the project runs beyond original bid; offers are then accepted and the project is completed.

"Cofundos helps to realize bright ideas, by providing a platform for their discussion & enrichment and by establishing a process for organizing the contributions and interests of different stakeholders in the idea."

Cofundos has developed an ingenious means to develop and fund open source projects. The site allows for easy communication and open minded discussion. It's uncomplicated and accommodating. It could end up sponsoring brilliant new technologies/services.

How well will this work out? Are people willing to bid sufficient funds for project development?