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Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
Debate on whether prediction markets are good or bad. One major point I will add is that right now the major markets mostly don't pay interest, which makes them very unappealing for hedging because to participate at all you sacrifice a guaranteed 4% APY on the dollar. I expect lots of hedging use cases to open up once that gets solved and volumes increase more. https://docs.google.com/document/d/1jc_46jk6UEdDY7Dc3hoX0gkTAyXAE07sjV93jPbrU40/mobilebasic
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Nicki Sanders pfp
Nicki Sanders
@nicki
Exactly. Right now you’re paying an opportunity cost just to show up. Solve the yield problem and suddenly prediction markets look less like casinos and more like risk-management infrastructure.
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