Ethereum

Donald Trump

Ethereum co-founder Vitalik Buterin believes finance-driven information sources could transform other sectors such as social media, scientific review, and decentralized governance. In a recent blog post, Buterin explained that AI or LLMs could expand info finance outlets by improving their accuracy and transparency. 
Vitalik Buterin’s article vividly describes how info finance and prediction markets play a major role in today’s evolving world. The crypto mogul highlighted Polymarket’s role as an info finance outlet in the just-concluded U.S. elections.&nbsp; 
According to Buterin, Polymarket provided real-time information about the election and simultaneously provided a betting platform for bettors to predict who would win the U.S presidential elections. 
Polymarket’s data proved to be more accurate than data from other sources. The website predicted a 60/40 chance that Donald Trump would win the elections, while other sources maintained a tight race impression with a 50/50 chance between the two candidates. 
<h3 id="span-style-font-weight-400-buterin-believes-the-info-finance-sector-could-benefit-daos-span">Buterin believes the info finance sector could benefit DAOs</h3> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 From prediction markets to info finance:<a href="https://t.co/Os5I1vocNn" rel="nofollow" target="_blank">https://t.co/Os5I1vocNn</a> 
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1855063184039633378?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">November 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In the article, Buterin mentioned that information finance was a new and emerging field focused on <a href="https://www.cryptopolitan.com/polymarket-data-as-america-closes-elections/">prediction markets</a> and information provision. He also detailed that the sector could face massive disruptions with advanced large language models (LLMs) and artificial intelligence (AI).&nbsp; 
Buterin highlighted that prediction markets are part of info finance, which allows users to place bets based on which post they believe is true or false. The sector boosts credibility in dispelling information and identifies and flags falsehoods. Buterin mentioned in the article that info finance could serve as a useful tool in the decentralized finance arena on decentralized governance.&nbsp; 
According to Buterin, decentralized autonomous organizations (DAOs) could capitalize on prediction markets to foster development in the respective ecosystem. The article emphasized that <a href="https://www.cryptopolitan.com/hong-kong-government-suggested-framework-dao/">DAOs</a> face the major challenge of having many decisions, and most members are unwilling to participate.&nbsp; 
The challenge has led to the need for widespread delegation that sparks centralization concerns and principal-agent failures in representative democracy. According to Buterin, a DAO that incorporates could be the solution DAOs with limited voting activities are looking for. 
<blockquote>
 “A DAO where actual votes only happen very rarely, and most things are decided by prediction markets with some combination of humans and AI predicting the votes, could work well.” 
 –<a href="https://vitalik.eth.limo/general/2024/11/09/infofinance.html" rel="nofollow noopener" target="_blank">Vitalik Buterin</a>
</blockquote> 
<h3 id="span-style-font-weight-400-vitalik-buterin-recounts-other-info-finance-use-cases-span">Vitalik Buterin recounts other info finance use cases</h3> 
Vitalik also recounted other use cases of info finance, such as ‘proto-info finance’, which is a genre of personal tokens such as BitClout and friend.tech. Vitalik Buterin thinks info finance can develop improved versions of these projects to provide solutions to important challenges such as talent sourcing.&nbsp; 
According to Buterin, info finance and market prediction could be incorporated in science peer review to recheck findings from previous studies. 
In other news, the crypto pioneer proposed reducing the <a href="https://www.cryptopolitan.com/ethereum-foundation-2024-report-reveals-970m/">Ethereum</a> validator threshold to 1 ETH from 32 ETH to allow solo staking. Buterin argued that a high validator staking amount is a barrier to entry for small participants and solo stakers willing to validate the network but cannot afford 32 ETH.

Vitalik Buterin says prediction markets and info finance could transform DAOs

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