Every choice to fund has false positives (funding something that should not have been funded) and false negatives (not funding something that should have been funded). Veto power only guards against the first one.
Kerry’s argument was that centralization helps prevent false positives. I was trying to show that there are other ways to prevent false positives.
With regard to false negatives, I would guess that centralization exacerbates that problem—a decentralized group of funders are more likely to make decisions using a diverse set of paradigms.
Every choice to fund has false positives (funding something that should not have been funded) and false negatives (not funding something that should have been funded). Veto power only guards against the first one.
Kerry’s argument was that centralization helps prevent false positives. I was trying to show that there are other ways to prevent false positives.
With regard to false negatives, I would guess that centralization exacerbates that problem—a decentralized group of funders are more likely to make decisions using a diverse set of paradigms.