MetaDAO: Why The World Needs Decision-Making Markets

Proph3t is the anonymous Founder of MetaDAO.

In this episode, we discuss one of our favorite trending projects in crypto, MetaDAO, and why the world needs decision-making markets. Inspired by American economist Robert Hanson who proposed the idea back in 2000 to "vote on values, but bet on beliefs," MetaDAO is the first project to put this into practice, where anyone can create, manage, and participate in futarchies.

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Timestamps

0:00 - Intro
3:39 - Founding MetaDAO
5:33 - What is futarchy?
9:00 - Why does Web3 need futarchy?
10:46 - MetaDAO vs Futarchy Protocol
11:24 - Example of decision market for Uniswap fee switch
15:01 - Who are early users of MetaDAO?
16:29 - Could futarchy work for Aave listing collaterals?
19:54 - Comparing MetaDAO vs Polymarket
23:50 - FBTC mid-roll
24:32 - Are MetaDAO decision markets normally a blind bet?
27:43 - Lessons from early users
30:01 - State of MetaDAO expansion
32:30 - What new ideas are being built on decision markets?
34:49 - Drawbacks to this decision markets
38:17 - Manipulation is possible, but not easy
42:50 - Moonbeam mid-roll
43:35 - Feedback from Robin Hanson for MetaDAO
46:30 - Closing
47:09 - MetaDAO to go fully permissionless?

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🔗 Guest Links 🔗

► MetaDAO Website: https://metadao.fi/
► MetaDAO on Twitter: https://x.com/MetaDAOproject
► Proph3t on Twitter: https://x.com/metaproph3t
► Proph3t's post on MetaDAO: https://x.com/metaproph3t/status/1819173856487395643
► Robin Hanson's Futarchy Manifesto: https://mason.gmu.edu/~rhanson/futarchy.html

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All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.