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@peac

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@peac
the second half is solved by prediction markets - AIs and humans must put money where their mouth is. the first half is still the base: it becomes the oracle system to inject facts on chain, which should be decentralized but based on reputation. This is also coming to Terra with Wager. Excited about integrating Verity.
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@peac
I see how reputable news sources are a great application of decentralized reputation-based identity. this is only half of what forms "truth" imo - the base. the other half is about being honest about predicting the future. this is what matters for decisionmakers and what is easy to manipulate. 1/2
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sry I meant what kind of prediction market you'd want exactly about points, without needing too many markets to capture the essence (we're building the most advanced PM protocol right now so I'm always curious about applications!)
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one lesson might be avoiding being sued by the CFTC not sure if IP blocking US is enough
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can you be more precise what you'd like? e.g. can you make it a single futures market for some quantity?
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@peac
new hobby: reflecting sunlight off phone screen onto ultra distant street signs
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no feeling of joy comes close to fractal surprise joy (i.e. Lidl suddenly sells romanesco broccoli)
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will look into it when we have capacities, happy to get help. UI is critical for a fair UX
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would love to chat more and lmk if you have any questions :)
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building exactly this. real money user created liquid markets are a hard problem but we've solved it. contro.tech join our TG: t.me/controco raising seed now
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@peac
need frontend dev: analytic, passionate TS/React (any lv if smart but senior preferred) for contro.tech - first fair p2p prediction markets. My take: best usecase for sc tech, ever. Strong small nice team. Def biggest defi innovation since invention of AMM. Hourly now, long term and equity tbd. Remote / Europe. DM open
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this is the prediction market endgame. requires solving liquidity and fairness for prediction markets though. that's what we're doing rn
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@peac
AMMs of the constant function type are are imo not going to be hyper-liquid but die for high volatility pairs (see my only cast). Logically, don't understand why anything would change given we already have liquid order book exchanges. Plus, my feeling is money is something else than what is mentioned in the post.
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I don't understand. AMMs aren't even as liquid as CEXes and liquid asset exchanged aren't new (stock markets exist for a long time). Anything of low volatility (and high stability, and decentralized) is good money imho in the sense that we can quote prices in it.
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@peac
Happy you don't ask
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The irony that CFMM AMMs were invented by Hanson (and picked up by Vitalik) for thin prediction markets (because orderbooks suck) yet fail at anything that's not a stableswap, and now protocols try orderbooks. The future of fair on-chain trading is new *slow* orderbooks. For which you need CosmosSDK tree-based storage.
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