--- Log opened Tue Jun 07 00:00:22 2016
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00:53 < itsme__> Donate me please for new PC!)"156T9eSZCFjZixrjUxFzz9K2DrnWnXHuJg".Sorry and thanks)
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01:41 < fluffypony> itsme__: no.
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02:00 < itsme__> Donate me please for new PC!)"156T9eSZCFjZixrjUxFzz9K2DrnWnXHuJg".Sorry and thanks)
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08:13 < maaku> kanzure: http://tendermint.com/blog/critique-merkle-dao-democracy/
08:14 < kanzure> so this is what merkle is up to? hmph... freitas should hit him over the head with a broom.
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08:19 < kanzure> ouch, freitas reviewed this apparently? why.
08:19 < kanzure> this is awful. this is way off the deep end.
08:22 < kanzure> prediction markets have a "grouding problem" (i'm not sure how widely known this is)
08:24 < pigeons> is a "grounding problem" where you can stand to win a lot more than it costs to influence the outcome?
08:24 < kanzure> no, no. it's more related to evaluation, semantics, proving that two predictions are the same or not, etc.
08:25 < kanzure> and outcome evaluation
08:25 < pigeons> ok. i think there are many acknowledged problems with such markets, I'll look into that one
08:25 < kanzure> merkle's paper is severely lacking of a null hypothesis (governance doesn't work beyond some small number of folks, if even then; or the null hypothesis should be "politics is a bad idea" or something).
08:28 < kanzure> and there is no good reason to assume that crowds are better at maintaining mission integrity... bleh.
08:28 < pigeons> but they "swarm"!!
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--- Log closed Wed Jun 08 00:00:23 2016