@a1z2

Token-weighted governance for DAOs is far from ideal, but I don’t dismiss the feasibility of other mechanisms or organizational designs. The question of whether DAOs *need* blockchains is a separate but interesting conversation. I tend to lean toward your perspective, but I also think it depends on the technological paradigm they’re operating in. In terms of “info finance”— I wanted to get your opinion on prediction markets post-election. Imagine more mature information markets in a world that looks to them for high signal, what are they actually doing? Are people really trading on what they perceive will happen, or will information markets be so high signal that capital actually ends up steering sentiment? In traditional trading, hedge funds generate alpha and FUD to gain advantage or influence events. Wouldn’t capital do the same thing here? It almost seems like it would be more appropriately called “info trading.”

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