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Pretty sure part of the answer is that the most valuable ideas create new narratives that are completely outside (& eventually redefine) the mainstream. But to get funding - in either academia or tech - you need a somewhat plausible starting narrative.
Groucho's Law: never work on any project for which you can get funding.
I love Groucho’s Law. But I disagree that this is a sign of academic innovation fail. The deep work here is RSA, Byzantine Generals, &c—all done within.
Proof of Work was not original to BitCoin—the main innovation there was implementation, timing, and publicity. IMO, academia should not optimize for these!
Good question. Half-serious side note: They say you can tell when a company is not innovative, because it has an innovation department. Perhaps one can draw some parallels with society.
Elegant and painful in it’s simplicity. :-)
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