Discussion about this post

User's avatar
paesean's avatar

Can't get this thought out of my head; what's the ultimate randomness without room for alpha via research? A provably fair coin toss. Presumably, the opposing predictions will reflexively provide an EV = 0 ( *assume liquidity). Well, what's the point? Now assume an algo running a modified martingale that resets to initial bet after each win. Gambler's fallacy, I know. But, now assume (stay w/ me, plz) an on chain insurance against market risk , that collects premiums, & pays out after x # of Ls. *If the parameters for payout can find a sweet spot, this *could be a perpetual payout machine. Whut? Wait! That's a ponzi. Maybe. Maybe not. No one-handed economists around these parts. If so, it's a transparent, equitable, and, *potentially sustainable one; that's more than can be said for Uncle Sam's sh*tcoin. (But, El Presidente Trumpo is working on a solution, no worries. Seriously. Don't worry). If this (my idea, not Trump's) got a little traction on TrueMarkets ( recent upstarts make sense as it could be their ticket to leapfrog incumbents) the insurance {against market risk} protocol could be expanded to cover risks in sports betting, crypto day trading, uber-degen InfinityPools ( unlimited leverage ); heck there's a leveraged sports betting web 3 project ( InfinityPools + BetDex = LEVR). Just scratching the surface here. Am I crazy? Yes. But, these days we see crazy & right walking in unison.

Expand full comment

No posts