Hacker News new | ask | show | jobs
by RexetBlell 2169 days ago
Why do people instantly jump to the extreme negative? Any technology can be used for to do bad things. The community is aware of this possibility and have taken precautions. Also any financial market can also be viewed as an assassination market. You can short a stock and assassinate the CEO and profit, but people don’t actually do that in practice. Also, Augur v1 (V2 is coming out this month) has existed for about 2 years and there were no assassination markets on it. The community would resolve them as “invalid”, so it’a not possible to guarantee profit unlike in the regular stock market.
1 comments

If people tout anonymity and 'censorship resistance' as a market's main advantage over other markets, it's hardly surprising that people focus on the use cases - hypothetical and otherwise - which wouldn't be possible on prediction market platforms where the platform operator knows their customer and rules out certain types of trade. If your USP is the ability to do 'bad things' to manipulate outcomes [manipulating the 'reporting' is probably a likelier outcome than assassination, admittedly] with little chance of your trades being discovered or reversed then people are going to focus on that.