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To: Prayank <prayank@tutanota.de>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Prediction Markets and Bitcoin
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Good morning Prayank,
> I think prediction markets or such tokens might help in adding to the inf=
ormation we already have however they don't decide or replace anything. Bit=
coin development should impact such markets and not the other way around.=
=C2=A0
"Human behavior is economic behavior. The particulars may vary, but competi=
tion for limited resources remains a constant. Need as well as greed have f=
ollowed us to the stars, and the rewards of wealth still await those wise e=
nough to recognize this deep thrumming of our common pulse. " -- CEO Nwabud=
ike Morgan, "The Centauri Monopoly", *Sid Meier's Alpha Centauri*
This is the tension between the necessary freedom of discovering strange ne=
w techniques, and the exigencies of life, where every joule of negentropy i=
s a carefully measured resource.
Of course development must be free to do what is best technically, and to e=
xperiment 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 di=
rection that development goes to, after all, it is their money that is bein=
g 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 a=
re something that are needed in order for the negotiation between these two=
aspects to advance.
Regards,
ZmnSCPxj
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