It is easier to agree on what has been helpful rather than what will be helpful. This is the core principle behind the concept of retroactive public goods funding, as mentioned in Public.icon Retroactive Public Goods Funding to give Exit to public goods (OSS). Through the use of DAO, such as Dissolve the company and manage it in a non-centralized manner based on DAO, it is now possible to adopt the idea of "let's store profits in a decentralized way," as I understand from Previous companies, interviews and appearances related to oneself.icon.
The core principle behind the concept of retroactive public goods funding is simple: it's easier to agree on what was useful than what will be useful. The former is still often a source of disagreement, but it's a type of disagreement where you could still get reasonably good top-level judgements by using some existing voting mechanism (eg. quadratic voting or even regular voting). The latter is much more challenging. For the profit-making sector, the best that we can do is to build out an ecosystem where people can create startups and invest in them, and get rewarded if they end up correct. So rather than reinventing the wheel entirely, we will create a public-goods-oriented version of the exact same mechanism.
To realize this, we use the mechanism of One person, one vote.> /emoji/twitter.icon If we retroactively fund the tax revenue of any local governments or countries with Results Oracle (= Futarchy), rather than Optimism's FeePool, we will allocate the Results Oracle decision-making power democratically, with one person, one vote. Investing in voting is a separate matter from purchasing Project Tokens.> "Market failure," as Kachiokun says, begins to appear when the right to vote for Results Oracle is not one person, one vote. This is when a few decision makers try to bribe or push kickbacks, or when decision-making power is given to the wealthy.> @shogochiaishogochiai.icon July 27, 2021
/emoji/twitter.icon If we conduct a meta-vote of "Will everyone say that XX is the most helpful?" we can decide what really is helpful. The person who guessed XX correctly will receive an incentive.> @Previous companies, interviews and appearances related to oneselfPrevious companies, interviews and appearances related to oneself.icon November 18, 2021
In retrospect, this might be a Beauty Contest. Is staking, futarchy, and prediction markets very similar in context?, Regression to the Mean.