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ManuAlzurušŸ„‘

@manu

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1427 Followers


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ManuAlzurušŸ„‘
@manu
Iā€™m back. But putting less time into social media and more into music production.
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ManuAlzurušŸ„‘
@manu
Are you a hacktivist or an artivist and will be in Thailand for Devcon? Send me a DM and letā€™s conspire. Together with my friends Costanza, Nick, MF, Piergiorgio, Sebastian and Liz we are putting together the Hacktivist Hub. https://forum.devcon.org/t/sea-community-hub-proposal-hacktivism/3793
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Missing you brother
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Lost my active badgešŸ¤£
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lol sad but true
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@manu
Web3 platforms: This digital asset is for FREE just pay gas and platform fees (I get some of this but I donā€™t need tell you that).
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Thanks for sharing your thoughts. Do you think that because the technology gives some form of freedom to the individual it canā€™t be used for the benefit of the collective?
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Agree with many of the things that you say.
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I donā€™t believe voting with money will ever be better than having subject matter experts making decisions. The thing is that our traditional democracy has a lot of flaws and lead to the tragedy of the majority which manifests with populism, short-termism, the tragedy of the commons and others.
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Tokenized reputation is also a very delicate topic. Who tokenizes it? What are the parameters and values that determine reputation? Will there be a global reputation score? Will the reputation be based on context?
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Sorry if my cast confused you. What I have been calling out since the beginning is the fact that we want to create predictions markets for governance using money and this to me is very plutocratic and elitist. The decisions that come from those systems will be the best decisions for those with money and not the best decisions for the whole community.
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Could you please expand?
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I think is dangerous to run experiments without considering the impact that those experiments could have in our society. Making decisions based on money are just dangerous for any organization and even for humanity in general.
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Well actually I met the guy in person and he was very explicit about using markets with money to govern DAOs. He didnā€™t built one but the builders are building based on those ideas. The guy was being put in a pedestal and is advising multiple projects that are trying to create prediction markets for DAOs using money. So yeah to me this is super plutocratic. And yeah I agree that things doesnā€™t HAVE to be built using money for voting.
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And regarding what you said about futarchy having nothing to do with plutocracy or outcomes based on money then I donā€™t know what are you referring to since the main definition is to vote with your money. ChatGTP says: Futarchy is a form of governance proposed by economist Robin Hanson, where policy decisions are made based on prediction markets rather than traditional democratic voting processes. The idea is to combine elements of democracy and market mechanisms to create a more efficient and effective decision-making process. In a futarchy, the general public would vote on broad goals or values (e.g., economic growth, environmental sustainability, public health). Once these goals are established, prediction markets would be used to determine which policies are most likely to achieve these goals. Participants in the prediction markets would buy and sell shares based on their expectations of the outcomes of different policies, and the policies predicted to perform best would be implemented.
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:/ sounds like you are making assumptions without knowing what Iā€™m talking about. Btw I have nothing against Polymarket or anything, Iā€™m just mentioning them since they have been the only prediction market app that works. If you were at the Uniswap GG house in Healdsburg and just on twitter youā€™ll understand why Iā€™m saying this. A lot of people want to create prediction markets for governance within DAOs and I donā€™t think is good.
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Oh, right, they need the hype since prediction markets are finally getting attention due to @Polymarket. But seriously, who thinks good outcomes for a whole community can come from the market? Obviously, the outcomes will benefit the wealthy. It isnā€™t that hard to see it. 2/2
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Many crypto people are lately hyping Futarchy, but they aren't telling you it can be manipulated by the wealthy, is speculative, and oversimplifies complex issues using the market. Why don't they mention the ethical dilemmas? 1/2
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Did you like it?
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Planning to yea
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