It's interesting to discuss this here, when YC also invested in one of those destructive companies Kalshi: https://www.ycombinator.com/companies/kalshi
Betting of any type is bad for humanity
No, you don't get it, it's information discovery, it's a financial derivative, it's arbitraging opportunity.
You should allow people to bet sums on whether you're gonna get shot tomorrow, so you can have the best possible information!
Of course there's no incentives for acting badly against you, and if there are it's again, just price discovery.
No, you don't get it, it's information discovery, it's a financial derivative, it's arbitraging opportunity.
You should allow people to bet sums on whether you're gonna get shot tomorrow, so you can have the best possible information!
Of course there's no incentives for acting badly against you, and if there are it's again, just price discovery.