A real-world experiment using prediction markets to forecast Team Mirai's election outcome. The market accurately predicted the result, demonstrating the potential of futarchy in governance.
Playing with MetaDAO: Futarchy-as-a-Service on Solana
A hands-on exploration of MetaDAO, a platform providing Futarchy-as-a-Service on Solana. Testing prediction markets for governance decisions in crypto communities.
Contemporary democracy feels increasingly constrained by structural limitations. This article explores how futarchy and prediction markets can revolutionize governance through collective intelligence.
if I could summarize what I've learned in the last 12 months at MetaDAO, it's: - by far the biggest advantage of futarchy is solving the principal-agent problem. the other stuff rounds to 0: - metric-based markets probably ngmi, not a 10x improvement - "DAO-as-a-Service" to…
Of course, even in this form futarchy cannot be guaranteed to work; it is only an experiment, and may well prove inferior to other mechanisms like liquid democracy - or hybrid solutions may be best. But experiments are what cryptocurrency is all about.