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Exactly. There are quite a few implications like that. Maybe I'll write up a post about it tomorrow to see what other people think about it.
Are you talking about futarchy or something similar?
When delphi.market and more territory policies are live, I might rename ~oracle to ~futarchy and then we can run our own little futarchy on SN 👀
It is similar, but without the part where you trust politicians to "formally define and manage an after-the-fact measurement of national welfare".
What I'm talking about is just bidding on the outcomes you want. Voting is cheap talk, while this is a costly signal. If anyone can appreciate why that matters it's the SN team.
Take all of my cheaply earned sats to confirm my biases.
Basically, but this way the winners pay a price for imposing their preferences on everyone else.
I’m curious about the mechanics and rules etc
It would basically work by pledging money towards the outcomes you want to see: i.e. $1000 on Biden losing, $100 on RFK winning, etc. Whichever outcome happens, that's what you pay.
I misspoke earlier. It's not an all-pay auction. I hadn't thought about this in a while and forgot exactly how it works.
Prediction markets?
Except this would be how the outcome of the election is determined. That's why it's basically an auction.
Campaign donors would cease to exist?
Instead save your money for voting