For funders: Distributing cash upon results being shown is a lot easier than vetting and modelling who and what will succeed, not to mention involves better incentives. For doers: Barrier to entry is much lower, I just need to do the thing (that i probably enjoy), not this additional labor of getting a permissionful grant (which i will not enjoy).
For many doings, doers might require upfront payment or gaurantees. However, in very many cases, probabalistic recognition and payment is sufficient.
Permissionless economies are much more efficient.
For funders: Distributing cash upon results being shown is a lot easier than vetting and modelling who and what will succeed, not to mention involves better incentives.
For doers: Barrier to entry is much lower, I just need to do the thing (that i probably enjoy), not this additional labor of getting a permissionful grant (which i will not enjoy).
For many doings, doers might require upfront payment or gaurantees. However, in very many cases, probabalistic recognition and payment is sufficient.