David Furlong
@df
memecoins are just prediction markets for attention
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tldr (tim reilly)
@tldr
Like your point, but to be a nerd: Unlike coins, prediction markets are not lotto tickets. Finite upside. This makes a pretty big difference in (1) the owner’s experience on the inside and (2) the precision of the market signals to the outside.
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David Furlong
@df
*the current prediction markets you're thinking of have finite upside, the memecoins prediction market doesn't
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tldr (tim reilly)
@tldr
Yeah if you generalize the definition of "prediction markets" from what's commonly accepted, I agree with you. For now they are pretty much synonymous with yes/no contracts. (I have been working on the "prediction markets" you are talking about for over a year ;)
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