Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
From prediction markets to info finance: https://vitalik.eth.limo/general/2024/11/09/infofinance.html
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Yassine Landa pfp
Yassine Landa
@yassinelanda.eth
Thanks @vitalik.eth for the write up! Trying here as signal to noise is much better on Farcaster! Prediction market are a great « social epistemic » tool but they tend to get centralized in cases where there is no objective truth, no? In the Venezuelan election example UMA protocol overrode consensus of the last prices at the end (rekt.news/hedging-bets/).
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Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
yeah as I say in the post, market is good as an engine, its effect is only as good as the (non-market) steering wheel. I definitely don't think token voting oracles are the ideal solution.
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