Prediction markets can serve as a tool to surface information faster and more reliably.
An experiment is starting today following @robinhanson’s longtime suggestion of subsidize markets. @gnosisPM will provide $50,000 to try to answer the most important questions around Corona. https://t.co/t3i0XsgBI0
After ICOing for hundreds of millions of dollars 4 years ago, Gnosis rolls out... this. Centralized oracle, using centralized USDC token where your funds can be seized at any time by Coinbase, blocking USA, and max lawyered up to protect Gnosis Ltd. I'm struggling to find one part of this that is actually decentralized.
Augur has been in maintenance mode for over a year and is only kept alive because of the also obscene ICO it raised and its bagholders.
Even Uniswap has backed off of decentralization so it can collect "protocol fees" and control the system with "governance".
The strategy of "let's give super smart teams unlimited money so they can build us the future" hasn't worked. As much as I love Ethereum I think we may have to drain this corrupted swamp and start over.
We at Gnosis build software - to be more precise tooling and frameworks to build prediction markets.
With this tooling you can do both - build fully permissionless prediction markets:
or centralized ones like: [https://coronainformationmarkets.com/](https://coronainformationmarkets.com/)
Also - if you look for something fully decentralized you should check out Gnosis protocol and mesa.eth - the first dapp that is only served via IPFS/ENS and is fully controlled by a DAO.
I guess I am biased but I'd say with this we are actually currently at the forefront of (dapp) decentralization.