I love the insurance idea because compared to our previous ideas around shorting with hedge tokens that compound automatically to maintain a −1x leverage, collateral, etc. (see Toward Impact Markets), the insurance idea also has the potential of solving the incentive problems that we face around setting up our network of certificate auditors! (Strong upvotes to both of you!)
(The insurances would function a bit like the insurances in Robin Hanson’s idea for a tort law reform.)
I love the insurance idea because compared to our previous ideas around shorting with hedge tokens that compound automatically to maintain a −1x leverage, collateral, etc. (see Toward Impact Markets), the insurance idea also has the potential of solving the incentive problems that we face around setting up our network of certificate auditors! (Strong upvotes to both of you!)
(The insurances would function a bit like the insurances in Robin Hanson’s idea for a tort law reform.)