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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

      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
    2. 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
    3. 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
    4. 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
    5. #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
    6. 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
    7. #TestAndTrace Smith  🐇‏Verified account @Noahpinion May 8
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      Replying to @patrickc @roybahat @brogram_

      Yeah it's not bad! I predict more vaccine spending in the years to come (bold, I know).

      1 reply 0 retweets 2 likes
    8. José Luis Ricón Fernández de la Puente‏ @ArtirKel May 8
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      Replying to @Noahpinion @patrickc and

      Gargantuan efforts can have drawbacks: The brainpower behind ITER and NIF is not behind other stuff. Sure there are spillovers; but if something else ends up working it will retrospectively have seemed a subpar use of resources. (e.g. https://link.springer.com/article/10.1007/s10894-015-0053-y … )

      2 replies 0 retweets 2 likes
    9. #TestAndTrace Smith  🐇‏Verified account @Noahpinion May 8
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      Replying to @ArtirKel @patrickc and

      I don't believe brainpower is in particularly limited supply. Look at the number of smart people working in finance who could be working in science if it paid more.

      1 reply 0 retweets 1 like
    10. José Luis Ricón Fernández de la Puente‏ @ArtirKel May 8
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      Replying to @Noahpinion @patrickc and

      I've made that argument in the past and thought about writing about it (There's that Weyl paper on taxation and allocation of talent as a starting point), but idk how optimistic the conclusion will be.

      1 reply 0 retweets 1 like
      Patrick Collison‏Verified account @patrickc May 8
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      Replying to @ArtirKel @Noahpinion and

      I wonder about this and related questions a lot -- both nature of supply itself and characteristics of its allocation.

      8:26 AM - 8 May 2020
      • 5 Likes
      • Jason Crawford Vincent Weisser #TestAndTrace Smith 🐇 Joe Edelman 🐝
      1 reply 0 retweets 5 likes
        1. New conversation
        2. José Luis Ricón Fernández de la Puente‏ @ArtirKel May 8
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          Replying to @patrickc @Noahpinion and

          Fortunately I may soon have lots of more time to synthesise this stuff :-)

          1 reply 0 retweets 1 like
        3. Bobby Briggs‏ @bae_miami May 8
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          Replying to @ArtirKel @patrickc and

          Payoff from figuring out fusion is much bigger than all other things combined

          0 replies 0 retweets 0 likes
        4. End of conversation

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