Blog 6 - Futarchy, blockchain and Tezos cryptocurrency
One of Ostroms rule for successfully defining a decentralised organisation is that members can participate in the creation and changing of rules. In 2000, Robin Hanson introduced a concept called futarchy as a mechanism of improving democracy. He had observed that predictions (betting markets) are consistently better at analysing information and predicting outcomes than experts, that is a group of people that financially back their own opinions are the best means we have toda