If you’ve found yourself around the scientific research world, you know of the immense strain money puts on scientists. Even before the professional careers of researchers begin, they get seminars, lectures, and hands on experience about how to secure grant money. Principal Investigators (PI) often have to spend a large chunk of their time writing grants in order to keep their labs funded.
It was very interesting to read in The Daily Bud about how funding and finance affect modern day research and how Crypto Currency could change the face of funding to research by using there own programs to help research and out-compete large pharmaceutical companies and corporations.
Great article Colin! Question for you... at the top of the schematic you shared, DAO members give funds, and in return they get Vita Tokens. Presumably, the value of the Vita Tokens will depend on the success of VitaDAO in having marketable stuff to sell to collect other funds. Based on the schematic, this is what it seems like. So, how is owning Vita Tokens any different than owning stock in a corporation that raises money, invests that money, then sells products or services, the success of which determines how much the stock is worth... how is this different? And if the answer is that it's not really that different, is this really just "crowdsourcing" for what effectively a Venture Capital fund named VitaDAO? And if that's the case, wouldn't it start to be regulated by the Securities and Exchange Commission (SEC) as such?
Good stuff Colin! Thanks for sharing such a thought-provoking subject!
It was very interesting to read in The Daily Bud about how funding and finance affect modern day research and how Crypto Currency could change the face of funding to research by using there own programs to help research and out-compete large pharmaceutical companies and corporations.
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Great article Colin! Question for you... at the top of the schematic you shared, DAO members give funds, and in return they get Vita Tokens. Presumably, the value of the Vita Tokens will depend on the success of VitaDAO in having marketable stuff to sell to collect other funds. Based on the schematic, this is what it seems like. So, how is owning Vita Tokens any different than owning stock in a corporation that raises money, invests that money, then sells products or services, the success of which determines how much the stock is worth... how is this different? And if the answer is that it's not really that different, is this really just "crowdsourcing" for what effectively a Venture Capital fund named VitaDAO? And if that's the case, wouldn't it start to be regulated by the Securities and Exchange Commission (SEC) as such?
Good stuff Colin! Thanks for sharing such a thought-provoking subject!