631–640 of 1001 posts
Earlier quoted context omitted.
(as reported by Quincy Institute, a thoroughly pro-Russian think tank)
Quincy Institute is not tied to Russia and condemns the invasion
I really wonder whether privacy would actually be the answer here --- prediction markets as they are now where the odds are public really shouldn't be called prediction markets, they should be called "outcome-shaping markets" because largely that is what they do, they let people shape real-world outcomes with massive amounts of liquidity. If instead these were privacy protocols where you can see how much liquidity is…
Why would anybody make a bet if they don't know the odds or payout?
I really wonder whether privacy would actually be the answer here --- prediction markets as they are now where the odds are public really shouldn't be called prediction markets, they should be called "outcome-shaping markets" because largely that is what they do, they let people shape real-world outcomes with massive amounts of liquidity. If instead these were privacy protocols where you can see how much liquidity is…
If you want to bet on a binary outcome without knowing how much other participants are betting on the 2 possible outcomes, that's a bookie, not a prediction market.
The entire rationale for claiming that prediction markets "aren't just gambling" and have a legitimate social value is that they surface sentiment and valuation in a transparent and credible way.
(And that's even before we get to the fact that any kind of betting dependent on journalistic work could incentivize outcomes like the death threats reported here.)
Earlier quoted context omitted.
(as reported by Quincy Institute, a thoroughly pro-Russian think tank)
ISW confirmed unauthorised edits were made, and fired a staffer over it. Not sure why you feel the need to comment this. Classic lowbrow dismissal https://news.ycombinator.com/item?id=4726248
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Look, it's not the point your making, but Adam Smith was not a laissez-faire capitalist. If you want to do the "capitalism bad" thing, I would suggest learning a bit of history, or at least understand that the " laissez-faire " in laissez-faire capitalism is a political ideology, not an economic ideology. https://www.theguardian.com/commentisfree/2026/mar/11/the-gu... More to your point... I don't think economic theo…
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"The over-weening conceit which the greater part of men have of their own abilities, is an ancient evil... their absurd presumption in their own good fortune, is even more universal."
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Yes famous libertine Adam Smith, up there with Marquis de Sade and Ami Perrin Your logical conclusion is a slippery slope. Lets follow your argument to it's logical conclusion, humans are evil therefore, regulate all their actions, imprison them, kill all humans OMG you are sooo evil I'm absolutely shook. How could you! Why ought we take your misunderstandings to the"ir natural" extreme?
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Adam Smith actually would be against stuff like this. He gets misrepresented.
Sooner or later a college athlete is gonna get killed for missing a shot. Freedom ain't free I guess.
If you read some of the now-copious reporting about gamblers targeting athletes with death threats, you'll see that they have people screaming at them and threatening them violently both for performing badly and for performing well.
Truly unhinged and alarming that gambling has been legalized and marketed so quickly and so extensively, in so many forms.
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edit: lol bring the downvotes, I actually read The Wealth of Nations PLUS Smith's other essays.