Colin Percival is the founder of Tarsnap which is a somewhat-niche cryptographically-secure backup solution. In this post, he replies to a comment he saw that he’s potentially wasting his life on something less important than the world’s biggest problems.

His point, I think, is that starting your own business is the only way these days of being able to do the kind of deep work which people like him find fulfilling. So I guess the question is whether there’s an even better way of structuring society to enable even greater contribution?

First, to dispense with the philosophical argument: Yes, this is my life, and yes, I'm free to use — or waste — it however I please; but I don't think there's anything wrong with asking if this is how my time could be best spent. That applies doubly if the question is not merely about the choices I made but is rather a broader question: Is our society structured in a way which encourages people to make less than the greatest contribution they could?

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In many ways, starting my own company has given me the sort of freedom which academics aspire to. Sure, I have customers to assist, servers to manage (not that they need much management), and business accounting to do; but professors equally have classes to teach, students to supervise, and committees to attend. When it comes to research, I can follow my interests without regard to the whims of granting agencies and tenure and promotion committees: I can do work like scrypt, which is now widely known but languished in obscurity for several years after I published it; and equally I can do work like kivaloo, which has been essentially ignored for close to a decade, with no sign of that ever changing.

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Is there a hypothetical world where I would be an academic working on the Birch and Swinnerton-Dyer conjecture right now? Sure. It’s probably a world where high-flying students are given, upon graduation, some sort of “mini-Genius Grant”. If I had been awarded a five-year $62,500/year grant with the sole condition of “do research”, I would almost certainly have persevered in academia and — despite working on the more interesting but longer-term questions — have had enough publications after those five years to obtain a continuing academic position. But that’s not how granting agencies work; they give out one or two year awards, with the understanding that those who are successful will apply for more funding later.

Source: On the use of a life | Daemonic Dispatches