gloom

Delver at contraptions.venkateshrao.com, running summerofprotocols.com, host of /gloom ☀️

I’m not getting it. NIH gives out direct grants and attached to that the university can bill for overhead? That’s the innovation?

Building better ways to earn onchain w/ @vaultsfyi |

More: 
https://linktr.ee/ryanrodenbaugh

Nice! Remarkable for 1940s…but still relevant today? 

I can imagine this making a lot of sense when tuition was low and universities didn’t have such established donor programs but it doesn’t seem controversial to say maybe it makes less sense now? Many universities seem to now have the problem of overbloat in admin

When a professor applies for $1 they get $1 and ~$0.50 extra goes to univ to help defray the cost of all the infrastructure the prof uses. Office s-ace, electricity, libraries…

Yes it was a remarkable innovation in the 1940s. Suddenly universities decided it was worth supporting faculty research. One of the most creative win-win incentives ever.

Think of it as mining fees or gas, but for much more expensive infrastructure.