by Alan Forester-Kaiser | Jun 15, 2016 | dao, merkle, platform
Another problem with evaluating collective welfare is membership in the collective: who do we add and who do we remove? We consider criteria that are suitable for membership in a nation (in contrast with membership in the local chess club, or a student in a school, or...
by Alan Forester-Kaiser | Jun 15, 2016 | dao, merkle, platform
We now give an example of how to buy and sell DCWi in a prediction market. First, a trader purchases a pair of conditional bearer bonds from a bank for $1 in the year 2016. The first says “Pay to bearer $1 times DCW2016” The second says “Pay to bearer $1 times...
by Alan Forester-Kaiser | Jun 15, 2016 | dao, merkle, platform
– Ralph Merkle State of Satisfaction. Annually, all citizens are asked to rank the year just passed between 0 and 1 (inclusive). If you wish, you can think of this as a poll of each citizen’s individual welfare, where 0 means the welfare of the citizen that...
by Alan Forester-Kaiser | Jun 15, 2016 | dao, merkle, platform
– Ralph Merkle Futarchy, proposed by Robin Hanson, is a proposal to govern by prediction markets. The proposal seems like an excellent approach for improving upon existing democratic forms of governance. The general concept: To aggregate knowledge from across a...
by Alan Forester-Kaiser | Jun 14, 2016 | tax
– by Mark Twain “Give me whereon to stand”, said Archimedes, “and I will move the earth.” The boast was a pretty safe one, for he knew quite well that the standing place was wanting, and always would be wanting. But suppose he had moved...
