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yieldcrvyesterday at 7:52 PM1 replyview on HN

This is exactly what I wanted prediction markets for

Looks like “we” need to update our relationships with markets

Price discovery is a visualization of the collective conscious, and the evolution of markets gets closer and closer to direct exposure to an event. Share and derisk a transaction, cleanly, quickly

Reduce all frictions towards doing so

Frictions include finding the person making the transaction, negotiating with them, trusting them to perform, disputing resolution, insurance. These hamper anything from occurring, or occurring quickly, and the pricing is too variable. Prediction markets are an example of all of those frictions being reduced to almost non-existent. And dispute resolution will improve further and attract more liquidity.


Replies

streetfighter64yesterday at 9:00 PM

They certainly could reduce friction in bribery, just make a public bet like "The court will decide in favor of XYZ Evil Corp v. United States", then buy "No" shares for a million dollars, and hope the judge in the case picks up a bunch of "Yes" shares. Quick, simple, effective bribery via cryptocurrencies.

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