Chapter
Prediction Markets and Credit Instruments for Decentralized Finance
1:21:59 - 1:28:40 (06:41)
This podcast discusses the use of prediction markets, credit instruments, and other decentralized finance tools that allow for the loaning of funds and investments without needing traditional financial institutions. One example given is the use of insurance that pays out based on estimations of damage from a flood.
Clips
The emergence of cryptocurrencies offers the opportunity to use money as it is, without the need for investment.
1:21:59 - 1:24:48 (02:49)
Summary
The emergence of cryptocurrencies offers the opportunity to use money as it is, without the need for investment. It brings the challenge of understanding cryptography to the mainstream public.
ChapterPrediction Markets and Credit Instruments for Decentralized Finance
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
Money is just a concept and its scarcity is enforced by governments and central banks.
1:24:48 - 1:25:37 (00:49)
Summary
Money is just a concept and its scarcity is enforced by governments and central banks. However, eventually, a distributed network of computers will secure the scarcity of money, and their tax will hopefully be lower.
ChapterPrediction Markets and Credit Instruments for Decentralized Finance
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
Learn about how parametric contracts and prediction markets are changing the insurance industry by offering a more objective and efficient way to measure damages and make predictions, respectively.
1:25:37 - 1:28:40 (03:03)
Summary
Learn about how parametric contracts and prediction markets are changing the insurance industry by offering a more objective and efficient way to measure damages and make predictions, respectively.