Got sent this from a friend who used to work at Polymarket:
https://rekt.news/hedging-bets/
“When prediction markets become kingmakers, who's really calling the shots, the crowd, the coders, or the ones holding the biggest bags?”
More proof that “crypto” isn’t decentralized- only various attempts at governance on different rails failing over and over again as they run face first into greed, corrupt incentives and black swans. Have any of them ever been designed for resilience against our worst tendencies? Nope. Only #bitcoin / #lightning / #ecash and #nostr is needed folks.
Eric FJ
npub10x…2g437
2024-08-14 23:44:08
Author Public Key
npub10xvczstpwsljy7gqd2cselvrh5e6mlerep09m8gff87avru0ryqsg2g437Published at
2024-08-14 23:44:08Event JSON
{
"id": "bae565397042de25a17ff38ac7e1ff556a0e0c87a058a3b80697947b3b39a1c4",
"pubkey": "7999814161743f2279006ab10cfd83bd33adff23c85e5d9d0949fdd60f8f1901",
"created_at": 1723679048,
"kind": 1,
"tags": [
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],
[
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"lightning"
],
[
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],
[
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]
],
"content": "Got sent this from a friend who used to work at Polymarket:\nhttps://rekt.news/hedging-bets/\n\n“When prediction markets become kingmakers, who's really calling the shots, the crowd, the coders, or the ones holding the biggest bags?”\n\nMore proof that “crypto” isn’t decentralized- only various attempts at governance on different rails failing over and over again as they run face first into greed, corrupt incentives and black swans. Have any of them ever been designed for resilience against our worst tendencies? Nope. Only #bitcoin / #lightning / #ecash and #nostr is needed folks.",
"sig": "4f2d658fbdf76b517e632c11b13d1a5f2253563840f5a217853cc75b449d8b78c8cfc6e438683a02489ead1a3fa52c374013f434655ee857a163470da03760c5"
}