Vitalik: Future on-chain mechanism design will adopt a dual-layer model of "maximized openness and accountability + de-financialization preference settings"
Foresight News report, Vitalik Buterin tweeted proposing the main future model for on-chain mechanism design: a mechanism similar to prediction markets that maximizes openness and accountability (anyone can buy and sell, good decisions make money, bad decisions lose money), suitable for “decentralized execution layers”; decentralized, diversified, and non-tokenized preference settings (anonymous voting, preferably MACI to prevent collusion), maximizing intrinsic motivation space, and avoiding token holders taking control. Prediction markets are the best primitives for achieving “decentralized governance.”
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Vitalik: Future on-chain mechanism design will adopt a dual-layer model of "maximized openness and accountability + de-financialization preference settings"
Foresight News report, Vitalik Buterin tweeted proposing the main future model for on-chain mechanism design: a mechanism similar to prediction markets that maximizes openness and accountability (anyone can buy and sell, good decisions make money, bad decisions lose money), suitable for “decentralized execution layers”; decentralized, diversified, and non-tokenized preference settings (anonymous voting, preferably MACI to prevent collusion), maximizing intrinsic motivation space, and avoiding token holders taking control. Prediction markets are the best primitives for achieving “decentralized governance.”