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Being charitable I think they mean some sort of betting site where people put money behind opinions and lose it if they are wrong or gain it if they are correct
by meheleventyone 5y ago
Being charitable I think they mean some sort of betting site where people put money behind opinions and lose it if they are wrong or gain it if they are correct. Giving a sort of wisdom of the crowds. This of course is still subject to some authority who can say what is right or wrong on any particular issue so doesn’t escape the trust problem. Also the credulousness of the current crypto users makes me question how valuable any signal from it would actually be.
The idea of merely trusting people because they’ve spent money is hilarious in the face of propaganda and advertising.
- naasking 5y ago> Being charitable I think they mean some sort of betting site where people put money behind opinions and lose it if they are wrong or gain it if they are correct. Giving a sort of wisdom of the crowds. They're called prediction markets, and they already exist! * https://www.predictit.org https://www.predictit.org * https://www.metaculus.com/questions/ https://www.metaculus.com/questions/
- meheleventyone 5y agoAhh, creeping dystopia!
- naasking 5y agoI dunno, I don't think it's necessarily a bad idea. Exploiting the wisdom of the crowds to make predictions could be a very good thing in fact. Unfortunately they fall afoul of gambling laws in some states/countries, so they're pretty limited right now. Scott does a decent overview here: https://astralcodexten.substack.com/p/metaculus-monday https://astralcodexten.substack.com/p/metaculus-monday