polynya pfp
polynya
@polynya
Discourse is more constructive than throwing money around, which only the wealthy can afford, or dueling, which only a few are skilled at Both plutocracy and violence are abhorrent in a modern, civilised society, except wealth often follows from privilege, while dueling is meritocratic Not to mention, society is not about an egotist fantasy about who is "right" or "wrong" - it's about finding truth before it's too late. There's absolutely zero value to society if a billionaire swept up a prediction market for nuclear apocalypse, there's infinite value for all of us to come together and discuss how we can best prevent that outcome. (Same goes for positive outcomes.) Betting markets aka prediction markets are useful for what they do - betting. (Side-note: "personal consequence" would be partially true if betting markets had "wealth-adjusted risk", e.g. for a billionaire throwing $1M into a bet is nothing; for the average person, $1M is impossible.)
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polynya pfp
polynya
@polynya
In addition, the most valuable truths, and indeed 99% of the human experience, are subjective and cannot be classified as a binary outcome.
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nuconomy ⌐◨-◨
@nuconomy.eth
So many people would have happily taken the other side of Balajis million dollar Bitcoin bet a year ago and benefited from it in a wealth adjusted model. For some, a million dollar bet is just good marketing.
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youssef
@yssf.eth
“while dueling is meritocratic” couldn’t you argue that the wealthiest could get better shooting lessons/training
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Sam Valentine
@boon
You have best takes to be found (1% binary)
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Payflow pfp
Payflow
@payflow
@polynya, you've been paid 5 DEGEN by @qutem 🎉 p.s. join /payflow channel for updates 👀
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