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fare's profile
François-René Rideau
François-René Rideau
François-René Rideau
@fare

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François-René Rideau

@fare

Cybernetician, building liberty, love and understanding (for Computing see @ngnghm, for Cryptocurrency see @phanaero)

Here and now
fare.tunes.org
Joined May 2007

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    1. François-René Rideau‏ @fare 28 May 2019
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      Infiltration, sabotage, mass demonstrations, elections, political violence, etc., work well for the purposes of destruction, but not of construction. That's why the enemies of civilization can advance their purposes through those means, but the builders of civilization cannot.

      2 replies 3 retweets 13 likes
      Show this thread
    2. Mike Elias  💡 📈‏ @harmonylion1 28 May 2019
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      Replying to @fare @bitstein

      https://medium.com/@harmonylion1/decentralizing-the-search-for-truth-using-financial-markets-648bf4408b5c …

      1 reply 0 retweets 0 likes
    3. François-René Rideau‏ @fare 28 May 2019
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      Replying to @harmonylion1 @bitstein

      What does an "idea market" even mean???

      1 reply 0 retweets 0 likes
    4. Mike Elias  💡 📈‏ @harmonylion1 28 May 2019
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      Replying to @fare @bitstein

      Glad you asked! I wrote a clear, concise article explaining it simply and in many different ways!https://medium.com/@harmonylion1/decentralizing-the-search-for-truth-using-financial-markets-648bf4408b5c …

      1 reply 0 retweets 0 likes
    5. François-René Rideau‏ @fare 29 May 2019
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      Replying to @harmonylion1 @bitstein

      I'm familiar with @RobinHanson's prediction markets; are your idea markets a variant of it? Your article doesn't make it obvious what exactly the participants bet on. What are the objective exit conditions to the bet, beside finding a bigger sucker to buy your position from you?

      1 reply 0 retweets 0 likes
    6. Mike Elias  💡 📈‏ @harmonylion1 29 May 2019
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      Replying to @fare @bitstein @robinhanson

      Idea markets do not predict future events, they curate existing knowledge. The game mechanics can (and should) vary according to the content type — long-term (philosophies, historical narratives) vs medium-term (inventions) vs short-term (breaking news), etc.

      1 reply 0 retweets 0 likes
    7. François-René Rideau‏ @fare 29 May 2019
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      Replying to @harmonylion1 @bitstein @robinhanson

      Can you describe working game mechanics that don't have perverse incentives? How do you reward knowing what others don't, rather than just predicting beliefs disconnected from reality?

      1 reply 0 retweets 0 likes
    8. Mike Elias  💡 📈‏ @harmonylion1 29 May 2019
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      Replying to @fare @bitstein @robinhanson

      This may be the key — predicting beliefs disconnected from reality is not a problem. $ invested in falsehoods creates a market for superior ideas to disrupt them. Losing money on falsehood incentivizes people to reconsider. The market cycle uses $ to strengthen healthy self-doubt

      1 reply 0 retweets 0 likes
    9. François-René Rideau‏ @fare 29 May 2019
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      Replying to @harmonylion1 @bitstein @robinhanson

      WHAT ARE THE MECHANISMS? How do people win or lose money? How can I bank on Jehovah's witnesses believing the End of The World is near, and how can they bank on my disbelieving them, depending on who's right?

      2 replies 0 retweets 0 likes
    10. Mike Elias  💡 📈‏ @harmonylion1 29 May 2019
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      Replying to @fare @bitstein @robinhanson

      That said, I want to be clear — NOT A PREDICTION MARKET. Therefore, it doesn’t really matter who’s right. What matters is this: which POV, given a playing field leveled by financial incentives (instead of skewed by biases), convinces more people over time. Being right helps.

      1 reply 0 retweets 0 likes
      François-René Rideau‏ @fare 30 May 2019
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      Replying to @harmonylion1 @bitstein @robinhanson

      I still see no actual mechanism. Please exhibit the algorithm that decides how the money is distributed, and argue why it can't be trivially gamed.

      12:23 AM - 30 May 2019
      1 reply 0 retweets 0 likes
        1. Mike Elias  💡 📈‏ @harmonylion1 30 May 2019
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          Replying to @fare @bitstein @robinhanson

          Algorithms overcomplicate and give rise to avoidable debate — market incentives as in stock or commodity investing seem sufficient. It can be trivially gamed as well as NASDAQ, and this is by design. Open to ideas for improvement, but I’m starting to doubt you have any.

          0 replies 1 retweet 0 likes
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