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Proving it can be done is important in its own right: it invites competition. And proving it can be done is aside from proving how it can be done. Once the gen
by CryptoPunk 5y ago
Proving it can be done is important in its own right: it invites competition.
And proving it can be done is aside from proving how it can be done. Once the general principle is proven out, competitors find ways to apply it that avoid infringing on the patent. The process of discovering the how involves expensive trial and error, that a large private sector can greatly accelerate.
I agree that publicly funded technology initiatives have their own strengths, but private technology provide far more than crumbs. Much of an industry's development is in the form of mundane, that is too unremarkable to be patented or held in secret, and for that, it makes no difference what the source of the funding is.