jacob
@jacob
Hypothesis: Political memecoins are the first instantiation of positive-sum prediction markets v.s. zero-sum betting markets. Things I'd analyze: + correlation of polymarket v political memecoins + relative trading volumes of comparative markets (memecoins probably way larger) + General UX, perception and properties
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LGHT
@lght.eth
is the thinking behind +sum nature of memecoins about their infinite divisibility compared to prediction markets being an odds on person to person contract?? agree on them being more +sum, am still personally struggling to articulate why tho
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jacob
@jacob
logic is in the essay, but tldr: betting markets require you finding an exact counterparty. when you win someone explicitly loses and vice versa. memecoins you can just create it without needing a counterparty. Like how you can create a painting, and then sell it for $1000, you did not need that $1000 dollars to start that thing/express the point of view.
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