no, its just the natural progression… social media -> social gambling
GreedVault on
maybe im missing something, but to me its just another poison.
coinfeeds-bot on
tldr; Vitalik Buterin, Ethereum co-founder, advocates for prediction markets as a solution to social media’s lack of accountability. He argues that these markets reward accuracy and penalize false claims, unlike social platforms that often amplify misinformation without consequences. Buterin highlights their ability to provide realistic assessments of risks, contrasting them with unethical markets like assassination predictions. He emphasizes their structured pricing and reduced speculation, noting their growing popularity and potential for healthier discourse.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
_Piratical_ on
So gambling is somehow the opposite to social media? I’m not buying it.
cosmic_censor on
Basically… Put your money where your mouth is
djkhalidwedabest on
How exactly is another adding another vice to the world that degenerates will blow their paychecks on some sort of social good? In what way is it an antidote to the perils of social media. Seems like it’s just another shitty and shady business that stands to exploit the weak of mind and will.
5553331117 on
The antidote to social media is to just abstain, not replace it with gambling
Comprehensive-Eye500 on
Maybe something else comes out that is positive or beneficial through technology use that I know nothing about, but this is just literally another poison pill for society, not an antidote.
Imagine what it can do for rigging elections and betting on them. How about the outcome of legislation or other closed door items politicians can use to trade. It’s a new sport.
Who would have thought a platform highly dominated by political predictions could be created giving even more opportunity for crooked politicians to get rich or cause other nefarious situations (blackmail, payoffs).
I don’t like it.
datazulu on
MANipulation manIPULATION
uthillygooth on
This is just a strange take. Maybe im missing the point
Bots and rage farms leading to people also making outlandish claims isn’t going to minimize because some PolyMarket was correct.
He acts like those very people and their ragebait audience care that they’re wrong. That they’re capable of the self-reflection needed.
The antidote to toxic social media is not making engagement the only metric that matters and de-monetizing botted ragebait.
shadowmage666 on
It’s essentially just gambling.
dyzrel on
Sounds like Ethereum foundation invested in one of them lol
12 Comments
no, its just the natural progression… social media -> social gambling
maybe im missing something, but to me its just another poison.
tldr; Vitalik Buterin, Ethereum co-founder, advocates for prediction markets as a solution to social media’s lack of accountability. He argues that these markets reward accuracy and penalize false claims, unlike social platforms that often amplify misinformation without consequences. Buterin highlights their ability to provide realistic assessments of risks, contrasting them with unethical markets like assassination predictions. He emphasizes their structured pricing and reduced speculation, noting their growing popularity and potential for healthier discourse.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
So gambling is somehow the opposite to social media? I’m not buying it.
Basically… Put your money where your mouth is
How exactly is another adding another vice to the world that degenerates will blow their paychecks on some sort of social good? In what way is it an antidote to the perils of social media. Seems like it’s just another shitty and shady business that stands to exploit the weak of mind and will.
The antidote to social media is to just abstain, not replace it with gambling
Maybe something else comes out that is positive or beneficial through technology use that I know nothing about, but this is just literally another poison pill for society, not an antidote.
Imagine what it can do for rigging elections and betting on them. How about the outcome of legislation or other closed door items politicians can use to trade. It’s a new sport.
Who would have thought a platform highly dominated by political predictions could be created giving even more opportunity for crooked politicians to get rich or cause other nefarious situations (blackmail, payoffs).
I don’t like it.
MANipulation manIPULATION
This is just a strange take. Maybe im missing the point
Bots and rage farms leading to people also making outlandish claims isn’t going to minimize because some PolyMarket was correct.
He acts like those very people and their ragebait audience care that they’re wrong. That they’re capable of the self-reflection needed.
The antidote to toxic social media is not making engagement the only metric that matters and de-monetizing botted ragebait.
It’s essentially just gambling.
Sounds like Ethereum foundation invested in one of them lol