> Prediction markets have existed for more than 20 years. Adding "decentralized" doesn't make them better. Prediction markets have probably existed for thousan

> Prediction markets have existed for more than 20 years. Adding "decentralized" doesn't make them better. Prediction markets have probably existed for thousands of years, but this is where we disagree. Decentralization is a fundamental improvement to a betting market, because there is no longer a counterparty who is incentivized to cheat you when you win, or incentivized to take on so much risk that they cannot pay you back if they lose. > Colateralized loans, if they work, are 0% of the total colateralized loan market. You sure about that? There's nearly $100B locked in DeFi, although admittedly that's more than just collateralized loans. You can disagree with that but the snarkyness of "you can't name a purpose" isn't necessary, I've named multiple. It's easy to find cases where a company took much longer to become successful that Uber and Lyft and ended up doing much better than both. I don't find that argument very compelling do you? I think folks on either extreme of "cryptocurrency is going to eat the world" and "cryptocurrency is literally a trillion dollar scam" should really try to second guess themselves a bit. I think emotions get in the way a bit.