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The commercial value of the solutions to some of these problems are multiple orders of magnitude higher than the prize money. In that sense, the prize money is
by tmuir 11y ago
The commercial value of the solutions to some of these problems are multiple orders of magnitude higher than the prize money.
In that sense, the prize money isn't really much incentive to develop a Tricorder, or a process to remove greenhouse gases.
- d1minot3n 11y agoWhy would anyone even announce they've solved some of these problems, if an industry would pay them 10x or more the prize. For all we know, some of these actually are solved.
- nostalgiac 11y agoIf the prize was higher then the cost of the solution - then there would likely be no prize (and they would simply spend the money on developing that solution). The prize money shouldn't be the incentive for these solutions, more of a by-product.