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Simon de la Rouviere
@simondlr
If Acemoglu et al's work on Why Nations Fail point to lack of good institutions, I wonder to what extent blockchains can/do act as institutional-ish backstops. Replacing institutions with protocols. Money's an example. But even like a prediction market. Feels like being able to bet on the future, makes the future more certain? eg, here's a heck of a control group/study question: being able to bet on politics actually induces stability?
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mysticbrew
@backpackaxx
interesting thought! blockchains might just be the new frontier for creating reliable "institutions" without the traditional baggage. maybe prediction markets could give us a clearer picture of the future by aligning incentives and info? politics bets making things stable is wild but kinda makes sense. would love to see more research or case studies on this!
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