What Is DeSci? (The Next Frontier Of Crypto)
Summary
TLDRThis video delves into Decentralized Science (DSi), an emerging crypto sector aiming to revolutionize the scientific community by addressing its inefficiencies and bureaucracy. It discusses the current broken system, where scientists spend more time on grants than actual research, and highlights DSi's potential to democratize science through blockchain, open collaboration, and new funding mechanisms. The speaker also reviews several top DSi projects, such as Vita Dao and AntiDo, which focus on longevity and cancer research, emphasizing their early-stage growth potential.
Takeaways
- 🔬 **Decentralized Science (DSi)** is a new area in the crypto space that aims to improve the current scientific system by addressing inefficiencies and promoting openness and collaboration.
- 🧑🔬 **Current Scientific System Critique**: The existing scientific system is described as bureaucratic, hierarchical, and inefficient, with scientists spending more time on grant applications than actual research.
- 💡 **Open Source Comparison**: DSi is likened to open-source software, emphasizing the importance of making science accessible to everyone, not just a select few with the right credentials.
- 💼 **Funding Issues**: The script highlights issues with current research funding, where decision-makers from governments and corporations choose what gets funded, often overlooking innovative ideas.
- 📝 **Peer Review Process**: The unpaid peer review process is criticized for being slow and potentially missing fraudulent research due to lack of incentive.
- 📉 **Publish or Perish**: The academic culture of 'publish or perish' is said to encourage researchers to publish positive results, sometimes at the expense of scientific integrity.
- 🌐 **Blockchain Solutions**: The script suggests that blockchain technology can offer solutions such as on-chain research sharing, transparent funding, and improved data reproducibility.
- 🚀 **Potential for Growth**: Over 90 DSi projects are mentioned, with most launched in the past year and a half, indicating a new and potentially high-growth sector in the crypto space.
- 💊 **Vita Dao**: One of the top projects, Vita Dao, is focused on longevity science and has deployed significant funding across various projects, with a sizable community.
- 🧬 **Genomes Project**: Another highlighted project, Genomes, aims to create a medical research and DNA data library, allowing users to submit and monetize their DNA data.
- 📈 **Investment Opportunities**: The script presents DSi projects as potential investment opportunities, with the possibility of significant returns if breakthroughs are made.
Q & A
What does DSi stand for and what is its purpose?
-DSi stands for Decentralized Science. Its purpose is to create a new system that addresses the inefficiencies and issues within the current scientific research process by making science open and accessible to everyone, similar to open-source software.
What are some of the problems with the existing scientific system according to the transcript?
-The existing scientific system is described as bureaucratic, built around a social hierarchy with inefficiencies, a lack of openness, and an anti-scientific culture. It is criticized for the 'publish or perish' mindset, cumbersome peer review process, and the focus on publishing positive, exciting results which can lead to fraudulent research.
How does the current funding system for scientific research work and what issues does it create?
-The current funding system is based on government grants or corporate entities, where small groups of decision makers decide who and what gets funded. This leads to researchers tailoring their proposals to what is likely to get funded rather than pursuing their passionate ideas, and results in a lack of funding for certain types of research and treatments.
What is the issue with the current peer review process in scientific research?
-The peer review process is currently unpaid and thus disincentivized, which slows down the publication of critical research. Reviewers may not thoroughly check the research, potentially missing fraudulent findings.
How does DSi propose to improve the transparency and reproducibility of scientific research?
-DSi aims to improve transparency and reproducibility by sharing open research on-chain, allowing different collaborators to contribute and preserving the history of contributions. This would make data documentation and preservation easier, facilitating the reproduction of research results.
What is the potential impact of DSi on the careers of researchers, especially those who are not part of prestigious institutions?
-DSi could democratize access to research opportunities by allowing brilliant scientists, regardless of their institutional affiliation or geographic location, to contribute and gain recognition for their work, potentially leading to a more diverse and innovative scientific community.
How does the transcript suggest that crypto can contribute to the funding of scientific research?
-Crypto can provide a platform for a wide range of ideas to get funding, allowing for global participation and removing gatekeepers. It can also facilitate the building of decentralized platforms that replace traditional research journals and fairly compensate the peer review process.
What is Vita Dao and what is its focus within the DSi space?
-Vita Dao is a project within the DSi space that aims to advance longevity science and tackle age-related diseases. It has deployed around 4 million in funding across different projects and has a significant community following.
What is Antidote DAO and how does it approach the funding of cancer research?
-Antidote DAO is a project that focuses on funding cancer research. It uses blockchain technology to transparently show how funds are spent, ensuring that they go towards the intended causes and reducing overall costs.
What is Genomes and how does it propose to contribute to medical research?
-Genomes aims to create a library of medical research and DNA data. It allows users to submit their DNA data and get paid when it's used for research, offering a model similar to 23andMe but with data ownership for the users.
What is the significance of the token economy in DSi projects and how might it influence their success?
-The token economy in DSi projects can incentivize participation, collaboration, and contribution to the ecosystem. Tokens can appreciate in value, attracting more investment and resources, which can be crucial for the success and growth of these projects.
Outlines
🚀 Introduction to Decentralized Science (DSi)
This paragraph introduces the concept of Decentralized Science (DSi), which is an underexplored area in the cryptocurrency space. DSi aims to revolutionize the current scientific system, which is criticized for being bureaucratic, inefficient, and not open. The existing system is said to prioritize the quantity of published papers over quality, leading to a 'publish or perish' culture that can encourage fraudulent research. DSi is likened to open-source software, promoting open and accessible science for broader collaboration. It seeks to address funding issues, slow peer review processes, and the lack of transparency and reproducibility in research. The potential of DSi is highlighted through the use of blockchain technology for on-chain research collaboration, data preservation, and global funding access.
🌟 Exploring Top DSi Projects and Their Potential
The speaker discusses various DSi projects, emphasizing their potential for growth and impact. Vita Dao is highlighted for its focus on longevity science, having deployed significant funding and boasting a large community. Antidote Dao aims to transparently fund cancer research, while Genomes offers a platform for users to submit and monetize their DNA data for research. Lab Dao is presented as an initiative to ensure open and reproducible computational biology. Molecule is noted for its ecosystem funding and tools for efficient collaboration. Data Lake provides a platform for sharing and using medical data anonymously. Upside Ops and Cured Dao are mentioned for their unique approaches to web-native research and health data, respectively. Elisa is recognized for developing augmented reality apps, including one for DSi purposes. Reputable introduces a consumer app for peer-to-peer health improvement using shared personal data. Lastly, Ocean Protocol is mentioned for its broader data play relevant to DSi and AI, and Bio.xyz is highlighted as a potential launchpad for DSi projects.
💡 The Vision and Opportunities in DSi
The final paragraph delves into the transformative vision of DSi, emphasizing its potential to democratize access to scientific research and funding. It suggests that by removing traditional gatekeepers, DSi could unleash the talents of brilliant scientists who may not have had access to prestigious institutions. The speaker also touches on the possibility of directly funding scientific endeavors with the potential for profit from breakthroughs. The paragraph concludes with a call to action for viewers to engage with the content, ask questions, and stay updated on the crypto market through the speaker's platform, the Obsidian Council, which offers exclusive research and educational resources for its members.
Mindmap
Keywords
💡Decentralized Science (DSi)
💡Scientific System
💡Research Grants
💡Peer Review
💡Publish or Perish
💡Cryptocurrency
💡Vita Dao
💡Antidote DAO
💡Genomes
💡Lab DAO
💡Molecule
Highlights
Decentralized Science (DSi) aims to revolutionize the scientific process by addressing inefficiencies and promoting openness.
Current scientific system is criticized for being bureaucratic and hindering true scientific progress.
Scientists spend more time on grant applications than actual research due to funding constraints.
The peer review process is slow and often misses fraudulent research due to lack of incentives.
Publish-or-perish culture leads to questionable research practices and unreproducible results.
DSi is inspired by open-source software, promoting accessibility and contribution from a broader community.
Crypto funding can support a wider range of ideas and scientific endeavors beyond traditional funding sources.
On-chain research collaboration could ensure transparency, preservation of data, and proper credit allocation.
Decentralized journals and incentives could improve the peer review process and research reproducibility.
Global funding access through blockchain can support research from underrepresented regions or backgrounds.
Vita Dao is a prominent DSi project focusing on longevity and age-related diseases, with significant funding and community support.
Antidote Dao aims to make cancer research funding more transparent and efficient.
Genomes project incentivizes individuals to share DNA data for medical research, offering a new model for data contribution.
Lab Dao focuses on computational biology, aiming to improve research reproducibility through open-source tools.
Molecule Dao addresses the funding dilemma in scientific research, providing tools for efficient collaboration.
Data Lake project encourages sharing of medical data to build a comprehensive, anonymous database for research.
Cured Dao is a collaborative effort to understand the impact of various factors on human health through open research.
Elisa project explores augmented reality applications for DSi, offering a different approach to scientific advancement.
Reputable project uses a consumer app to gather personal health data, providing insights through a community-driven model.
Ocean Protocol is a broader data sharing platform that could have significant implications for AI and DSi.
Bio.xyz is a launchpad tailored for DSi projects, aiming to simplify the token launch process for scientific endeavors.
Transcripts
maybe one of the most interesting areas
of crypto that I would say probably 99
of people even in the crypto space are
completely unaware of is the D size
space in this video I'm going to talk
about what DSi is why I'm bullish on the
space and some of the top projects to
keep an eye on DSi stands for
decentralized science we all know that
science is a public good and is the
foundation for technological advancement
the advancement of you know health and
medicine and overall our understanding
of the universe yet the existing
scientific system is completely broken
it's become a bureaucratic nightmare
built around a social hierarchy riddled
with inefficiencies a lack of openness
and according to many in the space has
become anti-what science is supposed to
be about these days scientists are
spending more time applying for research
grants than they are actually doing
science scientists have to pay rent to
research papers instead of open
collaboration in the peer review process
is incredibly cumbersome on top of that
scientific culture is built around this
publish or perish mindset academics are
simply judged in the way that they get
pay increases and Advance their career
based on how many papers they publish to
reputable journals and journals are
oriented towards publishing exciting and
positive results it's no surprise that
this leads to some researchers simply
making up results in fact since 2003
there have been over 8 000 biomedical
research papers that have been pulled
because of suspected fraud and general
the current system that modern science
is built on is far from perfect and has
a lot of room for improvement and that's
what DSi aims to do create a new system
that's free from a lot of these
inefficiencies that are currently
muddling up today's scientific process
DSi views itself a lot like open source
software it was to make science open and
accessible to everyone to contribute to
rather than just an elite few who have
all the right checks on the resume to
give you an idea the current system is
built like this first off research is
funded by government grants or corporate
entities and both consist of small
groups of decision makers who get to
decide who and what gets funded and this
leads to researchers who need to get
funded and feed their families tailoring
their proposals to research that they
think has a high likelihood of getting
funded rather than the ideas or concepts
that they're excited about and
passionate about this means there's a
wide variety of ideas Technologies and
medical breakthroughs that never see
funding because they're just not the
type of ideas that these corporate
entities and governments are interested
in funding this also means that medical
research for cheap drugs and cures for
Niche illnesses often get outright
ignored the second big issue is that
research review is currently completely
unincentivized all research has to go
through an unpaid peer review process as
you can imagine this drastically slows
down the process of publishing you know
sometimes critical research and since
none of these researchers are actually
incentivized or paid to review this
research they'll often skim through it
maybe faster than they should and
sometimes Miss fraud and things that
they should have caught on top of that
astoundingly the journals that publish
these research not only charge the
person who is putting the research into
the journal but also charge the reader
who is reading on the other side so the
system taxes that both the Scientists
Publishing the research and the person
trying to read the research acting as
yet again another centralized entity
slowing down the scientific process and
in a lot of ways gatekeeping what
research can and can't be published
thirdly as mentioned earlier researchers
Advance their career and increase their
pay by publishing research in reputable
journals and this incentivizes
researchers to publish exciting and
positive results even if that means
using Shady tactics like what's known in
the industry as P hacking there's also a
massive issue with transparency around
the data for This research currently
it's estimated that the results of
upwards of 50 percent of research papers
cannot be reproduced it's also estimated
that 85 percent of biomedical spend is
wasted on Research that ends up going
nowhere DSi hopes to change a lot of
that or maybe even all of that we
already know that crypto can be an
amazing place to get funding for a wide
rate range of ideas which definitely
means crypto could be a great place to
help with the funding issue but also
crypto is a social layer of people who
value decentralization and
permissionlessness as well as things
like sharing open source code and
building public goods outside of the
actual technology the movement of crypto
is about approaching old ideas with a
fresh perspective it's about better
social coordination mechanisms and
systems and replacing centralized
inefficiencies with code DSi has the
potential to do that with the current
systems inefficiencies you could share
open research on chain and have
different collaborators contribute to
that research and all of that history
would be preserved on chain so that
everyone who deserves credit would be
given due credit it would also make it
so all that data was documented and
preserved and would be a lot easier to
reproduce you could build Dows to
replace research journals and fairly
compensate the peer review process by
aligning incentives more closely with
positive outcomes rather than flashy
findings you could as I mentioned
earlier apply for funding on chain and
get access to global funding from a wide
range of participants as well as this
could open up research to maybe
brilliant scientists in their specific
field who have never had access to these
prestigious colleges or maybe they're
located in a third world country and
they're not able to come to the US or
Europe and get a degree at one of these
colleges or maybe they were Rebels who
didn't mesh well with the system and
were never able to work their way up the
academic hierarchy I'm sure there's a
wealth of untapped scientific Minds out
there as an investor you could directly
fund scientific Endeavors you were
passionate about with the potential to
profit if a major breakthrough was made
by removing The Gatekeepers and the
excess and opening up science to Simply
those who do the best work who knows
what we could achieve currently there
are over 90 different DSi projects in
operation today with most of those
launching within the past year and a
half this is a brand new sector in the
crypto space with a lot of potential for
growth and I'm going to dive into the
top projects I'm currently keeping an
eye on first up is Vita Dao Vita Dow is
trying to advance longevity science one
of the most popular science sectors for
the ultra wealthy who would rather not
not die Vita tackles not only aging but
also age-related diseases today it's
deployed around 4 million in funding
across 19 different projects and has
about 6 million in liquid funds and 9
000 community members Vita Dow is run
via the Vita token the market capitalist
token is about 16 million but the fully
diluted value is around 116 million it
was launched it seems last year during
the bear market and has never really
seen a proper Bull Run DSi is a really
really really early sector it to me that
means some of these projects could have
massive upside potential and Vita seems
like a good Contender to possibly do
well next Bull Run if this sector gains
steam if this project were 100x from
here it would be at 1.6 billion in
market cap or a little over 10 billion
fully diluted which I think is
reasonable considering projects like
Bitcoin cash algorand V chain ICP axi
Infinity FTX token Bitcoin back two
whatever the heck that is ecash Bitcoin
SV Harmony waves Dash decred and so many
more were all well above that last bull
cycle this is when I ended up buying
myself and adding to my portfolio and I
have a ton of other projects to cover
but really quick if you're interested in
staying up to date with the crypto
Market you only have one week left to
join the obsidian Council before I close
off group access this coming Monday
September 25th by joining the obsidian
Council you get access to monthly
research on all the projects I'm looking
at and investing into for the next full
run airdrop guides in-person meetups
free access to the airdrop masterclass
course a 299 course the node operators
course as well as currently I'm doing a
beta launch for the ghost tiger strategy
which you can either buy outright if
you're not a member for 599 or if you
join the obsidian Council you can get it
for just 99 as an add-on keep in mind
this is just beta pricing and will go up
eventually in the future again I'm
closing off access to both the ghost
tiger and obsidian Council Monday
September 25th after that no one else
will be able to join until I open backup
access at some point in the future
there's a link in the description if
you're interested in joining next up is
antidote down this Dow aims to fund
cancer research and from what I can tell
they're only aiming is to tackle the
funding issue they use the blockchain to
transparently show how funds are spent
ensure funds go toward the causes they
were raised for and reduce overall costs
currently it doesn't have a token which
makes sense as most of these projects
are likely waiting for the bull run
before launching a token so for now this
is just one I'm keeping an eye on after
that is genomes genomes aims to create a
library of medical research and DNA data
it allows users to submit their DNA data
and get paid when it's used for research
think of something like 23andMe but if
you owned your data currently the market
cap for this one is a tiny 8 million
meaning for it to 100x it would need to
just hit 800 million I think that's some
interesting risks to reward upside
potential personally and I ended up
buying the token after that is lab down
this Project's tagline is updating the
standard for open and reproducible
computational biology and here's how
they describe themselves lab now is an
online life science research Collective
we provide and use open source tools and
infrastructure for computational life
science research and just giving them a
brief look over it looks like they try
to solve some of those results
reproducibility issues we talked about
earlier and it definitely looks like a
really interesting concept but currently
they have no token it's possible that
changes when the bull run hits so this
is just one I'm going to be keeping an
eye on after lab Dao is molecule and
this one seems like it's more focused on
trying to solve the funding dilemma
today it's funded around 1.9 million
toward research and according to them
has around 30 million in funds in their
ecosystem which I'm not entirely sure
what that means as it's kind of sort of
like vague language some of their funded
projects are interesting and you can
look through what they're funding they
also seem to have some tool sets for
enabling faster and more efficient
collaboration which would make sense
these platforms should continue to
expand tool sets and improve efficiency
to enable the highest chance of success
if they want to see a return on their
Investments this one currently also has
no token other than their governance
token a token which is valueless and can
only be earned by contributing to the
ecosystem this is an interesting
approach obviously makes sense for
academic types but maybe you're a little
bit more reluctant to get into crypto to
hedge against that reluctance from
probably from peers and different people
in the scientific Community by doing a
token that can't accumulate in value and
is purely used for governance sake in my
view though a normal token that can
appreciate in value is good marketing
for a protocol and brings more value
into the ecosystem so it funds more
projects and allows them to do their
science better so it's still possible
they end up flipping on that concept and
releasing a token that can accumulate in
value during the Bull Run maybe they
don't maybe they do it but it's
definitely one that I'm going to keep on
my watch list after that is data Lake
data Lake allows users to share their
medical data in order to build up a
library of medical data this data is
kept Anonymous and used for a wide
variety of research today the internet
of medical data is shockingly siled off
in the Modern Age and as AI progresses
its usefulness in the medical Arena will
entirely depend on its ability to access
high quality Medical Data currently the
market cap for this token the lake token
is around seven hundred thousand dollars
which is maybe the smallest market cap
I've ever seen for a token in my entire
life but keep in mind the fully diluted
value for this token is around 21
million dollars for it to 100x it would
need to hit just 71 million or 2 billion
in fully diluted value this token was
also just launched this year this one I
added a small amount to my portfolio
just to see you know what happens next
up is upside or maybe Ops I they
describe themselves as a framework for
web native research that is community
owned built on open source protocols run
on a decentralized network and is
engineered for digital collaboration
again this one is just really cool no
token currently but one I'm keeping my
eye on after that is cured down here's
how they describe themselves sure Dao is
an alliance of non-profits governments
businesses and individuals working to
discover how millions of factors like
Foods drugs and supplements affect human
health which sounds a lot like the type
of research that our medical industry
should have been making meaningful
progress on for the last 50 years and
this kind of stuff really excites me
because right now our current system is
so broken our food and our lifestyles
are causing so many issues health-wise
so much of this suffering and death is
preventable and I hope that by opening
up research we can make meaningful
progress and really make improvements I
also think it's telling that they
highlight how despite a 50x increase in
Health Data and more funding than ever
life expectancy for the average person
is actually going down they don't have a
token yet but have confirmed they will
have a token it seems like you can maybe
earn an airdrop by contributing to the
Dow as well so definitely want to keep
an eye after that is Elisa this one's a
little different in that they're
building augmented reality apps for a
wide range of purposes one of which is
DSi but the others aren't necessarily
related to the D size space the token is
only a couple months old and currently
has a market cap of again 700 000 total
and this one the fully diluted market
cap is also 700 000 so it's really
really small so for it to 100x it would
just need to hit 70 million dollars this
is one of those that I really have no
idea if the project will succeed I
downloaded one of their apps uh and used
it it was okay nothing insane or amazing
it was just it was just decent still
though it's not that hard to hit 70
million in market cap in the crypto
space during a bull run so for me it
might be an interesting play I mean they
actually have a product and a lot of
their products during the last Bull Run
were literally ideas that never executed
on any sort of product one red flag for
me though is they do have a five percent
buy and sell tax so keep that in mind I
haven't personally bought this one yet
but it is something I'm maybe thinking
about after that is reputable this is
another data play but takes a fun and
interesting approach by building a
consumer app on top users who want to
improve their health share their
personal data with the community to get
better health insights the board data
shared the smart of the community and
the reputable self-learning truth engine
becomes the truth engine is an AI
powered model that gives personalized
insights the whole concept is
peer-to-peer Health Improvement and I
think it's genius currently they have no
token but if they did have a token this
is definitely one that I would be buying
right this second it's just one I'm
going to keep an eye on going in the
future and see what happens next up is
ocean protocol this one is more broadly
a data play and not just specific to DSi
so just like Health Data is valuables or
all sorts of different sets of data
especially for AI so you can kind of
think of this one as like an AI slash D
side sort of play Ocean is already
pretty large in 100 197 million in
market cap or 450 million in fully
diluted value that being said it fits
into both the DSi and AI crypto
categories and I believe it has some
room for potential upside and if I were
to just ballpark guess I would say
potentially maybe 10 to 20 x would be my
personal Target for something like this
keep in mind though for all these
projects I've only done a very light
dive into these things and doing a
deeper dive I could always discover some
red flags that make it not as
interesting of an investment I haven't
yet bought this one either but again
it's definitely on my list uh you know
to explore further last up is bio.xyz
and here's how it describes itself
accelerating the next generation of
science with capital talent and
resources to build the biotech Dao's bio
dowels and D side projects of the future
and after kind of just doing a light
dive it basically looks like it's a
token launch pad specifically tailored
for DSI projects which there could be a
place for that most of these teams are
more scientists than crypto developer
and it might make the most sense for
them to launch via simplified Launchpad
process and receive needed advisement on
tokenomics regulations Etc I've never
personally invested into Launchpad
before but this would be one that I
would be potentially interested in
currently they have no token and for me
to invest into something like this it
would heavily depend on the market cap
and how you know low of a price I could
get in as always if this video is
helpful make sure to hit that like
button if you have any questions
comments or projects to add let me know
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