Litcoin: a new kind of Kickstarter

Interesting development on the crowdfunding front: novelist Julian Gough has launched ‘Litcoin’, as reported by Alison Flood in The Guardian.

“In the wake of a new survey which revealed a dramatic drop in author incomes, the award-winning Irish writer Julian Gough is funding his new novel with an unusual Kickstarter offering backers the opportunity to receive postcards from Las Vegas bearing whisky stains, lipstick, and even bullet holes.

Gough has dubbed his “economic-slash-literary experiment” Litcoin, and hopes the concept might be copied or modified by other writers.”