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> “The idea of a federal betting parlor on atrocities and terrorism is ridiculous and it’s grotesque,” said Sen. Ron Wyden, a Democrat from Oregon. The head of
by lucio 11y ago
> “The idea of a federal betting parlor on atrocities and terrorism is ridiculous and it’s grotesque,” said Sen. Ron Wyden, a Democrat from Oregon. The head of DARPA, Adm. John Poindexter, was forced to resign and the project was squelched.
How idiotic. It sound like a very good idea. Anyone with "insider knowledge" but no participation of a terrorist attack, will be very tempted to place a bet. By checking the bets you can avoid attacks.
Create such a market using bitcoins, and you'll get very valuable intel. It's like having ears everywhere.
- joosters 11y agoAnyone with insider knowledge of a forthcoming terrorist attack should be telling the police, not placing a bet to make themselves money.
- harmegido 11y agoSure, just take the moral high ground while people needlessly die. I'd rather the insider make money nefariously than tsk-tsk about what he should have done if it means preventing attacks.
- Moshe_Silnorin 11y agoIf your utopia is powered by virtue, prepare for bitter disappointments. If your utopia is powered by vice, prepare for happy surprises.
- ikeboy 11y agoIf they bet, and that bet stops the attack, then they won't make anything, right? So where's the motive?
- AngrySkillzz 11y agoYou size your bet with regard to the probability that the bet will inform a change in policy. Or maybe you hedge it by also betting on that change in policy.
- aianus 11y ago> Create such a market using bitcoins, and you'll get very valuable intel. www.augur.net, fascinating stuff.