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V_V comments on Help the Brain Preservation Foundation - Less Wrong
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Sure, but if they don't have the money needed to administer the prize, then the prize money will sit in the bank forever, assuming that it exists.
So why didn't they allocate less money for the prize and more money for the operating costs? They could still have solicited donations to increase the prize, and they would have been reasonably sure that they were able to administer it.