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patrickc's profile
Patrick Collison
Patrick Collison
Patrick Collison
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@patrickc

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Patrick CollisonVerified account

@patrickc

Fallibilist, optimist. Stripe CEO.

patrick@stripe.com
patrickcollison.com
Joined April 2007

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    1. Patrick Collison‏Verified account @patrickc May 7
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      Replying to @roybahat @brogram_ @Noahpinion

      I’m generally supportive of more funding for science in principle but I *would* say that lack of money is not the primary problem today and that the marginal returns to additional funding would be (have been!) slight.

      1 reply 0 retweets 16 likes
    2. Roy Bahat .‾ ‾‏Verified account @roybahat May 7
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      Replying to @patrickc @brogram_ @Noahpinion

      What would you say is the #1 action our society should take? (Or does that require more study before we know?)

      2 replies 0 retweets 1 like
    3. Patrick Collison‏Verified account @patrickc May 7
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      Replying to @roybahat @brogram_ @Noahpinion

      Break up NIH and NSF into 10+ bodies with fully independent approaches. Every 5-10 years, reassess their budgets. Hegemonic monoculture today very pernicious.

      12 replies 3 retweets 53 likes
    4. Roy Bahat .‾ ‾‏Verified account @roybahat May 7
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      Replying to @patrickc @brogram_ @Noahpinion

      Like. Though we already have DOE, DOD, and other sources of funding so that experiment is already partially afoot? I like idea of a wide diversity of sources. Some light, fast, and private (yours!). Some gargantuan. Everything in between.

      1 reply 0 retweets 4 likes
    5. Patrick Collison‏Verified account @patrickc May 7
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      Replying to @roybahat @brogram_ @Noahpinion

      DOE/DOD not that relevant for most scientists. And DOE budget dwarfed by NIH. Certainly better than nothing, yes. I think gargantuan funding institutions are bad because they force ecosystem to adapt to their preferences. (Not doing so is an irrational career strategy.)

      1 reply 0 retweets 15 likes
    6. Roy Bahat .‾ ‾‏Verified account @roybahat May 7
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      Replying to @patrickc @brogram_ @Noahpinion

      Relevance to most scientists I think less important than the scientific value of the efforts? (And hard to compare full-time government scientists at National Labs to university profs?) No gargantuan funding means no space program, no LHC, etc.? Hard to see how we avoid a mix.

      1 reply 0 retweets 3 likes
    7. Patrick Collison‏Verified account @patrickc May 7
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      Replying to @roybahat @brogram_ @Noahpinion

      LHC some of the lowest-ROI science ever done! I’m not *against* funding it but it sure isn’t an example of a healthy funding ecosystem IMO.

      4 replies 0 retweets 9 likes
    8. Roy Bahat .‾ ‾‏Verified account @roybahat May 7
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      Replying to @patrickc @brogram_ @Noahpinion

      And do you agree that gargantuan efforts are sometimes necessary? LHC may be a bad example but of course even big bets are still bets and there seem to be many other good ones. I am for more heterogeneity and more $.

      2 replies 0 retweets 1 like
    9. #TestAndTrace Smith  🐇‏Verified account @Noahpinion May 8
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      Replying to @roybahat @patrickc @brogram_

      Yeah, a gargantuan effort towards fusion could be a huge deal. Or new vaccine approaches.

      1 reply 0 retweets 1 like
    10. Patrick Collison‏Verified account @patrickc May 8
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      Replying to @Noahpinion @roybahat @brogram_

      https://en.wikipedia.org/wiki/ITER  is surely gargantuan? DOE estimates cost at $65B[1]. On vaccines, NIAID budget is about $6B/year[2]... $60B over ten years also seems somewhat gargantuan. [1] https://physicstoday.scitation.org/do/10.1063/PT.6.2.20180416a/full/ … [2]https://www.niaid.nih.gov/grants-contracts/budget-appropriation-fiscal-year-2020 …

      2 replies 0 retweets 3 likes
      Patrick Collison‏Verified account @patrickc May 8
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      Replying to @patrickc @Noahpinion and

      Point being: we spend *enormous* amounts of money today. But efficacy with which we do so seems quite poor. (We've discovered *one* broad-spectrum antiviral drug since Fauci took over NIAID 36(!!) years ago[1]. Is the problem really insufficient funding?) https://www.elsevier.es/es-revista-medicina-universitaria-304-articulo-history-progress-antiviral-drugs-from-S166557961500037X …

      8:17 AM - 8 May 2020
      • 5 Likes
      • Matthew Volosin Alex Wellman 🚡 Raymond Tonsing José Luis Ricón Fernández de la Puente
      1 reply 0 retweets 5 likes
        1. New conversation
        2. #TestAndTrace Smith  🐇‏Verified account @Noahpinion May 8
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          Replying to @patrickc @roybahat @brogram_

          Increasing funding is good. But the point is (usually) not to throw more money at the things we currently throw a lot of money at. It's to broaden the set of things we throw money at, and increase the number of people coming up with new and different approaches.

          2 replies 0 retweets 13 likes
        3. Patrick Collison‏Verified account @patrickc May 8
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          Replying to @Noahpinion @roybahat @brogram_

          💯

          0 replies 0 retweets 4 likes
        4. End of conversation

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