Techub News Message, Vitalik posted that the current prediction markets are overly focused on short-term crypto prices and high-dopamine products like sports betting, lacking long-term social informational value, which may lead to unhealthy product market matching. He suggested promoting prediction markets toward "risk hedging" to make them tools for reducing asset or real-world expenditure risks. Vitalik also envisions creating an alternative stable mechanism to fiat currency based on personalized prediction market shares derived from price indices, providing users with more sustainable value hedging solutions. He calls for building a new generation of financial systems rather than solely relying on speculative traffic.
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Techub News Message, Vitalik posted that the current prediction markets are overly focused on short-term crypto prices and high-dopamine products like sports betting, lacking long-term social informational value, which may lead to unhealthy product market matching. He suggested promoting prediction markets toward "risk hedging" to make them tools for reducing asset or real-world expenditure risks. Vitalik also envisions creating an alternative stable mechanism to fiat currency based on personalized prediction market shares derived from price indices, providing users with more sustainable value hedging solutions. He calls for building a new generation of financial systems rather than solely relying on speculative traffic.