 
                                Futarchy
@_futarchy
First futarchy on Ethereum
ID: 1853441772765999104
http://futarchy.fi 04-11-2024 14:19:57
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        The Grand Vision of Futarchy -- by Robin Hanson
 
         
         
        Public markets are not nearly as efficient or accurate as the could be, even on the short term. (Contrary e.g. Eliezer Yudkowsky ⏹️'s thesis on Inadequate Equilibria). Many people with private accurate beliefs re/ information relevant to public markets do not incorporate these by
 
        Sreeram Kannan This requires credibly neutral decentralized ways of making high quality decisions that would otherwise be made by god kings. IMO info finance (futarchy, distilled human judgement eg. deep funding ...) is a promising path. There are others too. vitalik.eth.limo/general/2024/1…
 
        Re-upping my article from 2021 addressing this, and some possible solutions: vitalik.eth.limo/general/2021/0… Futarchy is one example of category 3 (skin in the game for governance). There's still a bribeable governance layer for the utility function, but at least it's more indirect
 
                        
                    
                    
                    
                 
         
         
        Richard Ngo The "purist" answer to this question is that those institutions should themselves be futarchies, and so there would be no separate actor whose decision can be "bought", because the decision is determined by conditional market prices for which there is a deep set of participants
 
         
         
         
         
         
        Join us on a conversation on “Future Society & AI” on Berlin. Robin Hanson is on stage with Joseph Lubin for a chat. Followed by the grand vision futarchy talk by kas.eth.
 
         
         
                         
                         
        