"Using BioDAO tokens in onchain prediction markets means that new mediums of financial & social gravity can be used to forecast scientific outcomes by extracting sentiment from leading minds in the industry."

"Using BioDAO tokens in onchain prediction markets means that new mediums of financial & social gravity can be used to forecast scientific outcomes by extracting sentiment from leading minds in the industry." 

https://paragraph.xyz/@limitlessexchange/vita-desci-prediction-markets

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tech, humanity & alternative institutions /limitless 

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Technical and Ethical considerations that come up, here are a few: 

1. Scientific research is lengthy, complex, multivariate & topically quite niche to the point where a subset of scientists can actually meaningfully engage in prediction

2. Prediction markets require meaningful and a significant number of participation from knowledgeable people, DeSci does not have that currently (there are very few academic scientists, scientists are generally resistant to web3, & no significant onboarding strategies)

3. Scientific research is a long tedious process without reward for years and years (if at all), shared IP incentives therefore are very long term & do not align with the instant or delayed gratification culture of web3

3. Ethically, the scientific questions with the most financial incentives are not necessarily the questions most worth pursuing or funding. This perpetuate academias incentives problem by displacing it to another group of stakeholders with possibly less knowledge or authority on the subjects