2 ms·

So did many, many, many others, hoping to convince other people to buy and pump the prices. This is done at no cost, because next time around people will still

So did many, many, many others, hoping to convince other people to buy and pump the prices. This is done at no cost, because next time around people will still look up to those figures again, and people like you will commend them for their courage to speak confidently about an inherently unpredictable market. The fact that he ends the post claiming their fund educates the population about decentralization only reassures me that we're unlikely to have such thing anytime soon.

drdeca 8y ago
Perhaps if they would publicly make bets on prediction markets about their claims, that could help? Though, there's the risk of "well, what if they just also purchase an equal amount of the other side of the bet", but perhaps this way they could still have to pay the cost of their money being locked up until the event resolves, which would at least create some sort of cost of falsely signaling that their belief and/or level of confidence?
- rhizome 8y ago
  Perhaps if they would publicly make bets on prediction markets about their claims, that could help? What would qualify as skin in the game? Refinancing their home to buy bitcoins? That would be something, for sure.
  - drdeca 8y ago
    I would imagine that it is more of a question of degree than a yes/no thing. Also, simply purchasing the coins seem to me to say less than actions in a prediction market could. If someone claims to believe that the price will be above a particular quantity at a particular point in time, buying some of the good doesn't really reflect that exact belief, only that they believe that the price will go up on some timescale. A bet that the price will be above a particularly quantity at a particular time more clearly indicates that they believe that it will be above that quantity at that time, I think.

2 ms·

So did many, many, many others, hoping to convince other people to buy and pump the prices. This is done at no cost, because next time around people will still

by throwawaylolx 8y ago

drdeca 8y ago
Perhaps if they would publicly make bets on prediction markets about their claims, that could help? Though, there's the risk of "well, what if they just also purchase an equal amount of the other side of the bet", but perhaps this way they could still have to pay the cost of their money being locked up until the event resolves, which would at least create some sort of cost of falsely signaling that their belief and/or level of confidence?
- rhizome 8y ago
  Perhaps if they would publicly make bets on prediction markets about their claims, that could help? What would qualify as skin in the game? Refinancing their home to buy bitcoins? That would be something, for sure.
  - drdeca 8y ago
    I would imagine that it is more of a question of degree than a yes/no thing. Also, simply purchasing the coins seem to me to say less than actions in a prediction market could. If someone claims to believe that the price will be above a particular quantity at a particular point in time, buying some of the good doesn't really reflect that exact belief, only that they believe that the price will go up on some timescale. A bet that the price will be above a particularly quantity at a particular time more clearly indicates that they believe that it will be above that quantity at that time, I think.