simple_logic

4 ms·

1. 1.▲
   by simple_logic 12y ago

   wouldn't be able to tell the difference between a payment to somebody to burn down the lighthouse and an insurance contract A prediction market provides trust that a payment will happen if a specific event happens. But insurance also
2. 2.▲
   by simple_logic 12y ago

   A single transistor can't do the job of a neuron and 500 synapses.
3. 3.▲
   by simple_logic 12y ago

   The less information you reveal, the less money you'll make from the market (since you're only trading on part of your private information). In my example, the private information is the knowledge of the moment of the explosion
4. 4.▲
   by simple_logic 12y ago

   This is absolutely not true. Unfortunately, a well-designed claim can circumvent this restriction: "The lighthouse will be destroyed in 2015 and the criminal group will broadcast a string hashing to 'cc9a1595600ebb745ec2cea73e80aa