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Science is the key to the growth and progress of our civilization. But still, most of the great scientists of the world are very much down from Galileo and Copernicus. See the article : Business Plan Needs Show Needs That Can’t Be Filled With Federal Dollars Alone. Some died at the stake and others succumbed to poverty and obscurity.
It is clear that the status quo so far has been to make life difficult for scientists doing research. Inadequate funding for experiments, trials and apprenticeships has continually plagued scientific communities around the world. And due to the increasing demand for scientific discoveries in areas such as medicine, among others, it is time to propose real long-term solutions.
But for that to happen – to happen well – one must start by thoroughly understanding the problem. This is mainly because the issues are very structural and require radical changes in the way science is done today.
Scientists currently spend a lot of time writing grant proposals and applications to funding agencies. Some professors “spend 50% of their time writing grant proposals,” according to students at the University of Delaware. It is clear that these professors are unable to focus on research or teaching.
But despite everything, it is still difficult to get funding. The rot runs deep in the public sector. For example, the US federal government – a major source of scientific funding – has made severe budget cuts since the 2000s.
The US National Institutes of Health approved 30% of grant applications in 2000. Although the approval rate has dropped to 16% in 2022. The resulting funding crunch creates serious operational inconveniences – but more worryingly it affects quality ongoing study and publication.
A funding crisis is not just about inconvenience
Scientists struggling with funding often abandon more radical – albeit riskier – ideas for safe, predictable and even science. Fierce competition in the usual ‘publish or die’ situation makes things worse, binding scientists in a vicious circle.
Since their success depends heavily on metrics like the index, scientists prefer topics that yield statistically significant results and a publishable data set. This introduces significant subject selection bias, as highlighted in a report by the National Bureau of Economic Research.
On the other hand, when private companies fund scientific research, they tend to manipulate results to suit their vested interests. This is especially true for clinical drug trials where pharmaceutical companies sponsor positive reviews based on biased trial interpretations.
Finally, the above obstacles undermine the very core of the pursuit of scientific knowledge. Whatever radical ideas take hold by storm, they will end up in low-impact journals, limiting their ability to change the world. Human civilization is not getting better from all this. It needs alternative funding models for scientific progress.
Decentralized science – a vision for the future
Decentralized science (DeSci) is an ongoing global movement to rethink the scientific research ecosystem using blockchain technology. It adopts the Web 3.0 model of decentralized ownership, enabling fair and equitable funding of scientific research.
Central to the DeSci framework are decentralized autonomous organizations (DAO) to introduce funding opportunities for scientists and researchers. They leverage automated and decentralized ‘smart contracts’ to offer a cutting-edge alternative to traditional funding agencies. Their ultimate goal is to stimulate innovative research.
DeSci’s DAO model employs distributed communities to decide on idea selection and funding. A few high-ranking officials no longer control the entire process. OABs instead significantly lower barriers to entry, removing gatekeepers and bureaucratic barriers that impede free scientific research.
OABs turn the tables for scientific communities
DeSci has shown that a huge fund of capital with a high risk tolerance is not a prerequisite for investing in science. Even retail investors with limited capital and low risk appetite can support scientific research through DAO. Communities can also interact directly with scientists to discuss and decide on innovative ideas – that’s cutting edge.
OABs facilitate investments in scientific research across stages through various innovative strategies. One such strategy is to use NFTs for crowdfunding. It became popular in 2021 when scientists sold various NFTs to fund everything from genomic data collection to university research papers.
Among the greatest advantages of scientific research material such as NFTs are greater accessibility, transparency and accountability. In addition, scientists maintain full control over their research data, avoiding manipulation, coercion and censorship. Emerging DeSci platforms further enhance these capabilities, opening up new avenues.
Decentralized funding for a scientific future
For centuries, purists and skeptics have underestimated the ability of the common man to identify and fund valuable scientific research. However, DeSci’s DAOs turn those biases on their head. Of course, they employ domain experts when necessary – but for the most part, they encourage optimal participation even from non-scientists.
OABs ultimately provide a level playing field as amateur and expert scientists can compete equally. This also encourages riskier and more robust research since the new landscape has funding for all innovations – not just for proportionate efforts. Here, biases lose their strength and true knowledge is superseded. And ultimately, DeSci paves the way for a bright, free and progressive scientific future.
Joey Poareo is a co-founder and developer at YashaDAO, a decentralized incubator accelerator fund that uses DAO governance to accelerate crypto projects like Guzzler and The Science DAO. Joey has been involved in multiple companies and is currently chairman of the board and co-founder of the Sachiko Group. Joey is currently the CEO of The Science DAO, a decentralized think tank where ministers, creatives and institutions can come together to foster growth and nurture emerging technology.
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Can I buy MetaVPad in USA?
To purchase MetaVPad, you will first need to purchase Ethereum (ETH) and then use ETH to purchase MetaVPad. And to do that, you need something called a self-storage wallet. Here’s how to do that using Coinbase Wallet for US residents.
Can you buy Metahero in the US? It appears that HERO will not be available for purchase on a US exchange. On the same subject : High-tech seabed mapping finds startling structures everywhere. You can still buy HERO using a decentralized exchange (DEX) instead.
Is CRYPTO20 available in USA?
Please note that investment is not available to any citizen, resident or entity of the United States of America, Cayman Islands or South Africa. CRYPTO20 has implemented this verification step to legally comply with KYC/AML (Know Your Customer/Anti-Money Laundering) regulations.
How do I buy a MetaMask MetaVPad?
How to buy METAV using a decentralized exchange. This may interest you : 5 of the scariest science experiments of all time.
- Find METAV on a decentralized exchange and make sure MetaVPad can be traded for BNB which is Binance’s native asset. …
- Buy BNB to trade for METAV using an exchange like Crypto.com. …
- Transfer the BNB into a web 3.0 wallet like MetaMask to connect to the DEX.
How do I buy Vita coins?
Vita Inu (VINU) Buying Guide
- Download metamask wallet.
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- Buy Ethereum as Your Base Currency.
- Send Ethereum From Binance to Your Crypto Wallet.
- Choose a Decentralized Exchange (DEX)
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- Trade Your Ethereum With The Coin You Want To Earn.
How do you buy liquid tokens? Use your ETH to buy LIQUID in the trading tab. Then tap on the “Trade” tab, where you can exchange ETH for any token that runs on the Ethereum standard (called âERC-20 tokensâ). Tap “select coin” and select LIQUID. Enter the amount of ETH you want to exchange for LIQUID.
How much is Vita Inu worth?
About Vita Inu Vita Inu price is US$ 0.00000001711 today, with a 24-hour trading volume of $1.67 M. VINU is -3.91% in the last 24 hours.
How do I get Schrodinger coins?
If you want to know where to buy Schrodinger at the current rate, Hotbit, and Uniswap (V2) are the top cryptocurrency exchanges for trading in Schrodinger stock right now. You can find others listed on our crypto exchanges page.
Will MetaVPad be on Coinbase?
Coinbase does not support MetaVPad.
What network is MetaVPad on? How is the MetaVPad Network Determined? METAV exists as an ERC-20 token, as well as a BEP-20 token on Ethereum and Binance Smart Chain. In addition, it is also available on Velas, a high-speed EVM blockchain with up to 75,000 transactions per second that acts as a hybrid of Solana and Ethereum.
Will Coinbase get EverGrow coin?
EverGrow Coin is not supported by Coinbase.
How do I buy Vita tokens?
To buy $VITA you will need to make transactions on the Ethereum or Gnosis network. All transactions require a network fee that is paid in Ether. We can recommend a tool like Coinbase to buy $ETH directly with your credit card.
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