From: ZmnSCPxj <ZmnSCPxj@protonmail•com>
To: Prayank <prayank@tutanota•de>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Prediction Markets and Bitcoin
Date: Fri, 16 Apr 2021 03:39:27 +0000 [thread overview]
Message-ID: <y8Kg6O56gsHAibyZ_UbVSFVWXtS-77wg7H-KKhpDfL-CdGyt7KaZ5y9RDhU7kdgr8JDfkQjTtbkm4vX8UMnxAhSs0nKdt8yFhpfZmc-JBLU=@protonmail.com> (raw)
In-Reply-To: <MXhivQp----2@tutanota.de>
Good morning Prayank,
> I think prediction markets or such tokens might help in adding to the information we already have however they don't decide or replace anything. Bitcoin development should impact such markets and not the other way around.
"Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant. Need as well as greed have followed us to the stars, and the rewards of wealth still await those wise enough to recognize this deep thrumming of our common pulse. " -- CEO Nwabudike Morgan, "The Centauri Monopoly", *Sid Meier's Alpha Centauri*
This is the tension between the necessary freedom of discovering strange new techniques, and the exigencies of life, where every joule of negentropy is a carefully measured resource.
Of course development must be free to do what is best technically, and to experiment and see what other techniques are possible or workable.
Thus the market must follow development.
Of course the people ultimately funding the development must impose what direction that development goes to, after all, it is their money that is being modified.
Thus development must follow the market.
It is the negotiation of the two that is difficult.
Overall, I think a lot of the developer arguments are reasonably clear --- what is unclear is what the market wants, thus I think prediction markets are something that are needed in order for the negotiation between these two aspects to advance.
Regards,
ZmnSCPxj
next prev parent reply other threads:[~2021-04-16 3:39 UTC|newest]
Thread overview: 4+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-04-07 19:07 Prayank
2021-04-16 3:39 ` ZmnSCPxj [this message]
2021-05-11 9:05 ` Prayank
2021-05-18 12:15 ` ZmnSCPxj
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