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> Having good legible predictions of impactful events such as LK-99 replication is extremely useful for society - it would be an invaluable input for a savvy po
by crispyambulance 3y ago
> Having good legible predictions of impactful events such as LK-99 replication is extremely useful for society - it would be an invaluable input for a savvy policy maker for instance.
How?
Would it not be better for the "savvy" policy maker to JUST WAIT until this discovery is confirmed, definitively, by multiple legit research institutions? And even better, wait until it shows some promise of practical application? Policy, as we know it, almost never reacts within hours to anything, let alone a scientific discovery. What exactly can a policy maker even do with faster than hot-off-the-press knowledge about this stuff?
Prediction markets are really just for people that hustle in markets or who are looking for a news scoop. There's nothing intrinsically wrong with that, though some might argue it contributes to needless volatility.
- zone411 3y agoFor example, if I'm deciding right now whether to fund a mine for one of the materials needed to create this supposed superconductor, knowing how likely it is to be real helps me make a better decision or hedge my investment.
- crispyambulance 3y agoRight, there's nothing wrong with that, but it's appropriate for someone who is hustling the market. Not a policy-maker. Even if it's a government doing the funding, a response time measured in hours doesn't really help anyone. If anything, it is likely to introduce extreme volatility, jacking up prices because of speculation.