DeSci Ep. #2: Addressing the Misalignment of Incentives in Science—with Patrick Joyce of ResearchHub

Only 1% of first year PhD students become research professors.  This creates a hypercompetitive environment where scientists will do whatever it takes to get funding, even if that means tweaking statistical analyses to make their findings seem more significant. But decentralized science is working to address this egregious misalignment of incentives and reward science done the right way.  Patrick Joyce is the Cofounder and COO of ResearchHub, a Reddit-style forum that allows anyone to share, discuss and curate scientific papers—and earn ERC-20 tokens for doing so.  On this episode of Boost VC, Patrick joins us to discuss the misalignment of incentives in science and describe the problem with using bibliometrics to determine who receives funding. Patrick explains why decentralizing science is so important, exploring how DeSci will increase the adoption of open science practices and accelerate innovation in the space. Listen in to understand how DeSci can pressure large academic journals to pay content creators for their work and learn how ResearchHub is leveraging Web3 to make capital available to scientists.  Topics Covered How Patrick defines sciencePursuit of knowledgeVerifiable results What’s behind the replication crisis in scienceHypercompetitive job marketQuality judged by bibliometrics Why decentralizing science is importantTweak analyses to maximize perceived impactNot honest, transparent or reproducibleOnly most cited scientists receive funding Patrick’s take on the first breakthrough for DeSciIncrease adoption of open science practicesNo longer career risk to share work in open What drives Patrick’s conviction around DeSciSuccess not based on work ethic, intelligenceLittle innovation in drugs for mental health How ResearchHub rewards quality scienceAllows anyone to share and discuss papersEarn ERC-20 tokens for participation How Patrick builds trust in the scientific communityProvide funding and publishing outletsHelp meet goals of open science What success looks like for decentralized sciencePaywall journals provide open access optionsPay science content creators for work Why the science incentive structure hasn’t changedPrevious attempts not fundablePirate organizations like Sci-Hub not legal Patrick’s take on what makes publishers the enemyResponsible to own incentive to make moneyCharge scientists to publish, subscription fees Patrick’s uniting purpose for the DeSci communityWeb3 offers ROI to invest in scienceMakes capital available to scientists How Patrick defines success for ResearchHubTake power away from bibliometricsCreate rockstar scientists who define culture  Connect with Patrick Joyce ResearchHub https://www.researchhub.com/  ResearchHub on Twitter https://twitter.com/researchhub  ResearchHub on Discord https://discord.com/invite/ZcCYgcnUp5ResearchHub on Medium https://medium.com/researchhubResearchHub on Reddit https://www.reddit.com/r/ResearchHub/ResearchHub on GitHub https://github.com/ResearchHub Resources Brian Armstrong & Patrick Joyce on The Sheekey Science Show https://www.youtube.com/watch?v=1FmhHLPrUIUClarivate Analytics https://clarivate.com/OpenAlex https://openalex.org/r/medicalstudent https://www.reddit.com/r/medicalstudent/r/ImmunoPsychiatry https://www.reddit.com/r/ImmunoPsychiatry/eLife https://elifesciences.org/Open Science Framework https://www.cos.io/Nature Neuroscience https://www.nature.com/neuro/Chris Hill on Boost VC DeSci EP02 https://www.boost.vc/podcastAuthorea https://www.authorea.com/F1000Research https://f1000research.com/Sci-Hub https://sci-hub.se/Stack Overflow https://stackoverflow.com/Hindawi https://www.hindawi.com/MetaMask https://metamask.io/Fast Grants https://fastgrants.org/Kaggle https://www.kaggle.com/ Connect with Boost VC Boost VC Website https://www.boost.vc/Boost VC on Facebook https://www.facebook.com/boostvc/Boost VC on Twitter https://twitter.com/BoostVCBoost VC on Instagram https://www.instagram.com/boost_vc/