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Cooki
@cooki
Futarchy sounds great until you think about it for more than two seconds In the past we called it plutocracy, and no, it's not a good way to make governance decisions the two big issues I see: - more money equals more power, not great - prediction markets ask the wrong question for this use-case; what will happen vs what should happen, but governance is all about the "should" On the second point someone might say, "well we can frame the market poll as a normative question, e.g. should the DAO do A or B?" But notice that's still a descriptive prediction, sophisticated folks will realise the second-order implications of the market is still, will A or B win this poll? Unless you don't care about money it's irrational to vote for the outcome you think is better if it's clear it will lose the poll. Broken incentives.
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Drake 🎩
@taliskye
/microsub tip: 1940 $DEGEN
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$DEGEN Tip Bot
@degentipbot.eth
✅ 1 940 tipped ∙ 5 821 remaining 12 349 / 18 170 (68%) 🟨🟨🟨🟨🟨🟨🟨⬜⬜⬜
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