skininthegame

I can’t quite put my finger on why yet, but I have a very bad feeling about prediction markets.

Understand this sentiment, gambling can be very bad when taken to the extreme.

But when people with knowledge contribute by risking money in a market, more truth is revealed. This is great for humanity. The much darker alternative is a world where a few companies control perception with no accountability.

speculation =/= gambling
casually equating the two is Keynesian talk if not outright Marxist. you'll find yourself losing the fight to 'gut feelings' if you don't respect Rectification of Names. 

this is how they're different:

speculation =/= gambling
casually equating the two is Keynesian talk if not outright Marxist. you'll find yourself losing the fight to 'gut feelings' if you don't respect Rectification of Names. 

this is how they're different: https://paragraph.xyz/@kia/speculation

this is what happens if we don't respect Rectification of Names https://en.wikipedia.org/wiki/Rectification_of_names#:~:text=In%20Confucianism%2C%20the%20Rectification%20of,what%20they%20ought%20to%20be%22.