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Saadiq
@saadiq
As a datapoint on prediction markets, they don't sell truth. They have basic incentives and as long as you care more about projecting a certain truth than you do safeguarding your capital, you can make it say what you want. Or maybe you believe that projecting the truth will make it the truth. 🤷♂️ I guess we'll know in a few days. https://www.wsj.com/finance/betting-election-pro-trump-ad74aa71
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chris 🤘🏻
@ckurdziel.eth
its certainly worth $30M in fake internet money to russia to try to influence an election, for example.
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Saadiq
@saadiq
I've been thinking about the incentives for all services like this that want to act like they are sources of truth on one side but on the other side claim they are just platforms where other actors express their free speech. FB taught us this. Policing contributors is hard. Nobody wants to do that.
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chris 🤘🏻
@ckurdziel.eth
agreed. have you seen any effective reputation systems in crypto? I could see FC becoming a piece of one. ironically, feels like the avg crypto folks don't actually want reputation and want to maintain anonymity, though I'm not sure how any of this really scales without a less insane/wild/volatile social contract
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Saadiq
@saadiq
I think the avg crypto person isn’t interested in reputation because they are here for the gambling. If they wanted something more that reputation would give them, they might be willing to shed some anonymity at least in certain spaces.
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