Mike | Abundance 🌟
@abundance
The system is broken. Few understand why. Almost no one knows what to do about it. My mission is to change that
Pinned
Happy 2026 everyone!
This year I invite you to join me on an adventure — an adventure to create a better economic reality
You don’t need to pack anything, so don’t get too giddy, but I do promise the trip will be worthwhile.
This adventure is both an escape and a destination.
We are escaping an economic reality that...
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Natanzon's Law:
Prediction market accuracy is negatively correlated with the magnitude of real-world financial incentives tied to the event's outcome.
Suppose you have insider info on event X happening. And suppose event X can help you make $100M (from price movement in stocks)
What incentive do you have to signal to the market that event X will happen ahead of time, when you can make more money from people thinking otherwise?
not only will you not send a "truth si
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Suppose you have insider info on event X happening. And suppose event X can help you make $100M (from price movement in stocks)
What incentive do you have to signal to the market that event X will happen ahead of time, when you can make more money from people thinking otherwise?
not only will you not send a "truth si...
Lirratø
@itslirrato
14d
Coinbase CEO confirmed: insider trading is 100% necessary for prediction markets
Brian Armstrong: "If you want truth about the world, insiders are the only path"
Here's the truth we must accept:
- Stock markets: insider kills "fair play"
- Prediction markets: insider creates https://t.co/2CK5TzZolt
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No. It is rising because the system is broken. People feel it.
And until more of us come on board to offer real solutions to make the system work for people, that void will be filled by bad "solutions" that work for nobody
Shaun Maguire
@shaunmmaguire
17d
Communism is rising, why?
1) we over-regulated (housing)
2) we printed too much money after Covid (inflation)
3) we wasted ~$1T/yr in fraud (deficit)
4) we let our schools become indoctrination camps
The solution to failed leftist policies is not even more radical leftism
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Bernie is proposing an idea that Bill Gates had too: let's tax robots!
Unfortunately it's not a long-term solution
What happens when the robots produce everything offshore?
More importantly, the more corporations rely on robots, the more profitable they become, and w that comes concentration of wealth and power
Un...
Bernie Sanders
@BernieSanders
21d
Why would corporations like Amazon replace workers with robots? Pretty simple.
Robots don’t need a wage, health care, time off, sick leave, Social Security, Medicare or unemployment benefits.
Maybe it’s time to tax robots & use the revenue generated to help working families.
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There is no exchange value in the market for creating abundant things ("art"). Only for creating scarce, or artificially scarce, things.
Renaming scarce things as abundant doesn't solve this problem, so you still need to choose between creating actually abundant things or rent
A better alternative is to build an econ...
Anders K.
@Falliblemusings
1mo
You don’t need to choose. You can take the path of Einstein, who used a 'tedious' job to fund the stability his genius required. Or you can follow the martyrs, Van Gogh, Dostoevsky, and Diogenes, and accept the price of not paying your rent.
Or, you can respect and recognize the
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"Abundance for all" sounds amazing, but you can't get there with an economics that only works on scarcity - it leads to economic collapse
If you don't believe me, try to work out how this would work yourself. You can't.
That's exactly why I wrote The Abundance Economy..
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We should not have to choose between doing meaningful work that's valuable to society, and having a financially rewarding job.
The fact that the vast majority of people have to choose one or the other shows that our system is broken.
That was one of my motivations to quit my job and focus on building a paradigm where...
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Capitalism and socialism are both broken and cannot deal with 21st century challenges.
Here's how we build a better system:
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