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The funding situation isn’t great. Lots of centralization; lots of capture. What’s your solution?

• OrangeMonkey 4y ago
  Crypto isn't a solution to this. Anything you can do with crypto with regard to funding, that is legal, you can do with paper money, checks, electronic transfer or the like. Crypto exists to solve the byzantine generals problem with untrusted actors. This solution does not, at all, exist in that problem space. We are talking about bio tech - a heavily regulated industry where the regulations are written in blood. If the goal of crypto, here, is to do away with some of those regulations then I think every person involved is actively harmful to humanity. If the goal of crypto is to work within the regulations, then paper money can do it just as well.
  • headsoup 4y ago
    The article gets very fluffy at the end in particular. "Anyone" can join, which immediately made me think that there is now ample opportunity for the existing problem industry players to interfere with impunity.