… Doing gradient descent on marginal risk with Maslow's hierarchy defining depth would never give you libraries, microprocessors.
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wouldn't have in the 50s agreed. In 10 years I suspect kickstarter type mechanisms can fund microprocessor level ideas.
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There will always be ideas whose time/return horizon require institutions. I agree that crowdfunding expands that for some domains.
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I'm not sure institutions work beyond a narrow operating range.
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… ecosystems—what Kickstarter could have invented the University in the Dark Ages?
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That's like asking "how can the blogosphere sustain newspapers." Necessity of functional form cannot be assumed. Must be proven.
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I don't get it. How's that zen parable relevant here?
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I don’t know the context of the original parable, but its use their about stable states seems relevant.
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