The author discusses the current state and potential future of decentralized science (DeSci). Although DeSci holds promise in democratizing research funding and enhancing collaboration, the current state is characterized by speculation rather than sustainable progress. Many projects focus on quick financial opportunities rather than advancing meaningful research. This speculative nature risks undermining trust and credibility essential for scientific progress. The author argues that good science should increase knowledge and have real-world applications, rather than be solely monetizable. While the reliance on market mechanisms in DeSci is seen as a strength, these mechanisms are currently underdeveloped or misused. The author suggests that prediction markets, quadratic funding, and decentralized peer review could be valuable tools if used to prioritize impactful research and enhance knowledge perspectives. The true potential of DeSci lies in democratizing research funding, empowering marginalized voices, and accelerating breakthroughs, but this requires a shift towards sustainability, accountability, and collaboration. The author emphasizes the need for meaningful progress in DeSci for the sake of science and society as a whole.



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