Hi Devcon Community,
I’ve been interested in seeing Futarchy used in practice and I think Devcon could be the perfect place to try it out.
At a super high level, Futarchy is a governance mechanic that facilitates decision-making based on what traders in a market think will happen.
In practice, this works by having a prediction market which asks IF this THAN that kind of questions. For example:
IF speaker A talks at Devcon, Then on a scale of 1 to 10 000 how many views will speaker A’s talk receive on Youtube one month after posting?
According to the theory, if traders stake that speaker’s A talk will get a high number of views, speaker A should get a slot to speak.
Any ERC20 can be used to trade on these markets. I’d like to see tokens which are not linked to real-world value but rather airdropped to ticket holders and the “profits” from trading are used to determine reputation which could be useful in curating the next Devcon.
A couple of projects could facilitate this, namely level K’s work on Futarchy and Gnosis’s Conditional Tokens.
Love to chat about the concept further in the comments and how/if introducing Futarchy could improve Devcon.
If you are interested in learning more here is the OG article on the mechanic: http://mason.gmu.edu/~rhanson/futarchy.html
Disclosure, I work at Gnosis