If this system is paying large chunks of the population salary-level payments, who is putting trillions of dollars into this system to buy belief updates?
Is this asymmetric? Is it more efficient at spreading truth than disinformation/propaganda? How?
What prevents folks from making user-agent bots that automate interaction with this system, pretending to be humans & extracting the cash, with revenue shared between the developers & users of the bots?
Around here, participating in prediction markets is high-status, but in the broader culture this often scans as ‘gambling’, which is low-status. This system seems like it could be perceived as a mix of arguing on the internet, receiving public support, consuming propaganda, (and maybe using prediction markets?), all of which are low-status. What’s the narrative for why high-status people should use this system / how people will raise their status by sharing that they participate in this system (in a culture where prediction-markets-are-good narratives have made so little progress)?
Questions:
If this system is paying large chunks of the population salary-level payments, who is putting trillions of dollars into this system to buy belief updates?
Is this asymmetric? Is it more efficient at spreading truth than disinformation/propaganda? How?
What prevents folks from making user-agent bots that automate interaction with this system, pretending to be humans & extracting the cash, with revenue shared between the developers & users of the bots?
Around here, participating in prediction markets is high-status, but in the broader culture this often scans as ‘gambling’, which is low-status. This system seems like it could be perceived as a mix of arguing on the internet, receiving public support, consuming propaganda, (and maybe using prediction markets?), all of which are low-status. What’s the narrative for why high-status people should use this system / how people will raise their status by sharing that they participate in this system (in a culture where prediction-markets-are-good narratives have made so little progress)?