Why does it have to be “safe enough”? If all market participants agree to bet using the same asset, it can bear any degree of risk.
I think I should have said that a good prediction market allows users to choose what asset will a particular “pair” use. It will cause a liquidity split which is also a problem, but it’s also manageable and, in my opinion, it would be much closer to an imaginary perfect solution than “bet only USD”.
I am not sure I understand your second sentence, but my guess is that this problem will also go away if each market “pair” uses a single (but customizable) asset. If I got it wrong, could you please clarify?
Why does it have to be “safe enough”? If all market participants agree to bet using the same asset, it can bear any degree of risk.
I think I should have said that a good prediction market allows users to choose what asset will a particular “pair” use. It will cause a liquidity split which is also a problem, but it’s also manageable and, in my opinion, it would be much closer to an imaginary perfect solution than “bet only USD”.
I am not sure I understand your second sentence, but my guess is that this problem will also go away if each market “pair” uses a single (but customizable) asset. If I got it wrong, could you please clarify?