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Eth Experience
@eth-experience
2016, I was living in London when Brexit happened. It's hard to express how shocking it was It led me to question a lot - why had so many voted against their own self-interest? GBP fell a lot upon the news, I was watching GBP/EUR Coincidentally, I was interested in Ethereum. One day, I found Vitalk's blog on futarchy
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Eth Experience
@eth-experience
Futarchy struck me as an incredible innovation A governance structure that could define the outcomes of a vote, in measurable terms, market dynamics combined with governance. At the time, I thought a futarchy style of governance would have meant UK citizens could have better determined the outcome they wanted to see
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Eth Experience
@eth-experience
For example, GBP / EUR would go up with this outcome, or GDP, or inflation. But there is another possibility, which is that if the EU were governed as a futarchy, then this situation would never have arisen.
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Eth Experience
@eth-experience
Of course, the beauty of Robin Hansons' original thesis is that members of a community should vote on objectives and bet on outcomes. So other objectives could have been selected, eg communities can vote on life expectancy and bet on outcomes they think will affect that objective
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Eth Experience
@eth-experience
Or as he says, vote on values, bet on beliefs https://mason.gmu.edu/~rhanson/futarchy.html
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