Joseph Lubin|Dec 05, 2025 06:26
Governance and decision making has been subjective via top-down command and control for millennia. Now we have the wisdom of the crowd via prediction markets -- aka decision markets -- that we can rely on increasingly to weigh in with diverse expertise on any situation or proposition. Now we have the best assessment and decision making tool known to man: decentralized, uncensored, radically free markets that we can increasingly rely on for sourcing the truth about diverse situations, to entertain us, to enable us to feel and be directly engaged in a variety of events from sports to politics to socials to entertainment. As the prediction markets ecosystem grows rapidly by orders of magnitude, free markets can enable humanity to make better and better collective decisions about issues that matter. Next stop: futarchy.
https://blog.ethereum.org/2014/08/21/introduction-futarchy(Joseph Lubin)
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