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...
by Alan Forester-Kaiser | Jun 14, 2016 | land, platform
Land Use and Public Property We recognize the right of property owners to control, use, transfer or dispose of their property in any manner that does not violate the rights of others. We believe that rights to land and any related water, oil or mineral rights are...
