Monday, November 14, 2011

Ask Slashdot: Crowdfunding For Science — Can It Succeed?

You've got to remember, though, that outside the simpler home-use inventions, science is expensive. A single Y chromosome decode costs between $1k-$5k, depending on the quality. Identifying genetic diseases means a full genome scan, at maybe 10x the price, but you can't just examine 1 individual. To be useful, you need hundreds if not thousands of samples, plus an equal number from your control group. So you're looking at $100,000,000 just for the analysis. Most bio labs cut corners, which is why most bio labs can't tell you much that's useful.

($40,000 is, frankly, chump change for anything of significance. It would buy you 4 hours of time in a low-end particle accelerator. It is a fifth of the cost of a decent-grade MALA ground penetrating radar unit. You might be able to buy a stormchaser vehicle with it, minus any scientific equipment to go in it.)

However, if you crowdsourced a million people per project, high-end science may be doable. The problem is convincing a million people to part with their money. Remember, getting donations is merely a voluntary version of taxation and people despise taxation. The fact that it's voluntary is immaterial, it doesn't change the cost of the project, it doesn't change the outcome of the project, it certainly doesn't change the management of the project. All of those matter far more than your goodwill.

Then there's the fact that a lot of these sites that handle such stuff are run by dweebs who are infinitely worse than any government agency when it comes to filing the proper paperwork, micromanaging what projects get listed, etc. Most of these sites are reputedly run by venture capitalists who would prefer it if they could waste your money rather than their own.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/DEO6JBgxaJc/ask-slashdot-crowdfunding-for-science-can-it-succeed

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