/biz/ - Business & Finance

>>8240006
This is another reason crypto is so different than previous business ventures. Previous ventures like IBM or Apple or google start with the academics but then it moves to the venture capitalists and entrepreneurs to get the stuff off the ground. That takes time and money.

It’s a little different with crypto because the academic research is the product itself, I.e. the coding, developing, and programming that someone like project Chicago is working on.

That’s why the crypto space moves much faster than traditional finance or business industries. The people doing the academics (like ari Juels), just deploy the coding to the internet and the ideas can move forward because communication allows horizontal cooperation. Traditional ventures required more vertical research to launch processes, plus the fact that crypto has made all these academics rich, they can do the work AND finance it being launched.

Rise of the nerds faggots.