Hacker News new | ask | show | jobs
by robbrown451 1412 days ago
I wonder if some sort of cryptocoin/blockchain alternative could be created, that would be harder to shut down.

It would probably have to be based on having an elected council (with an odd number of members) signing off on the outcome of a market. If people see a bias in their history (which of course should be public), they will factor that into their bids, hopefully discouraging people from getting on the council to make money on their own bids.

And of course the council should be elected with some kind of ranked-choice/condorcet so you tend to elect centrists rather than extremists.

2 comments

Look up Polymarket

There are also no-money markets like Forecast and the traditional forecasting competitions like GJP and Metaculus

Augur and Kleros might be worth checking out. You can find other neat designs just by trawling arxiv.
Cool! It isn't surprising that someone thought of it before me!