Vitalik Warns Prediction Markets Are Sliding Into “Corposlop,” Calls for a Shift to Hedging > Vitalik argues prediction markets are drifting toward short-term crypto price bets, sports betting, and similar things that have dopamine value but not any kind of long-term fulfillment or value. > Teams feel motivated to capitulate to these things because they bring in large revenue during a bear market where people are desperate, but could lead to corposlop. > He proposes refocusing market on hedging and personalized risk protection, potentially even replacing fiat-style stability with prediction-market–based financial infrastructure.
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The Machinery of Modern Finance Why the next ten years of financial innovation will surpass the prior fifty: > This essay traces the evolution of financial infrastructure from medieval merchant fairs to modern crypto systems. > It argues fintech mostly improved the front-end (apps, UX, access) while leaving the back-end infra (settlement + risk absorption) largely unchanged. > It concludes the convergence of mature crypto tech, clearer regulation, institutional adoption, and advances in AI is creating the conditions for a fundamental rewrite of the global financial system:
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Short-Duration Contracts Reach 25% of Daily Vol as 5-Min Bitcoin Up/Down Markets Go Live
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