Really thoughtful response from Vitalik on the criticism of prediction markets:
My general view is:
* The worst thing these markets _could_ do in theory, is create incentives for people to cause harm by making it easy to profit. But small-scale markets over large-scale events are not like this.
* Many of the downsides of PMs are replicated by regular stock markets, eg. if you are a political acto
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Would love to hear @vitalik.eth weigh in on this debate.
He’s probably the only person with name recognition and credibility among crypto skeptics & critics.
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After Charlie Kirk was killed, American flags were flown at half staff…for a guy who espoused proud ethno nationalism and fascism.
People lost their jobs for making jokes about it. A Tennessee man was even arrested and spent 37 days in jail because he quoted Trump’s own statement about a school shooting (“we have to g...
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Want to add another thought about Farcaster’s pivot…
I started spending time here a couple years ago because I viewed it as a promising alternative to the coordination failure that social media has become.
But speaking as a recovering addict of idealistic crypto kool-aide, it seems pretty clear that financializing e...
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