diff --git a/decisions/internet-finance/metadao-otc-trade-ben-hawkins.md b/decisions/internet-finance/metadao-otc-trade-ben-hawkins.md index d913669aa..fd981c605 100644 --- a/decisions/internet-finance/metadao-otc-trade-ben-hawkins.md +++ b/decisions/internet-finance/metadao-otc-trade-ben-hawkins.md @@ -36,7 +36,7 @@ last_updated: 2026-03-24 **Connections:** - This is the primary empirical evidence cited in [[decision markets make majority theft unprofitable through conditional token arbitrage]] — the first production proof that the conditional token arbitrage mechanism works - metadao-otc-trade-ben-hawkins-2 — Hawkins came back with a second attempt ($100K, Proposal 8, also failed). Two consecutive failures from the same actor is strong evidence -- [[futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders]] — Hawkins's experience confirms the theoretical claim +- futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders — Hawkins's experience confirms the theoretical claim - The $33.33/META valuation was well below the contemporaneous ~$695 spot price seen in Proposal 8 a few days later, making this an obviously extractive deal — yet the mechanism still needed to reject it through market pricing, not human judgment --- @@ -64,5 +64,5 @@ in exchange for Ben will send 50,000 USDC to be sent to ADCCEAbH8eixGj5t73vb4sKe - [[metadao]] — parent entity - metadao-otc-trade-ben-hawkins-2 — second attempt ($100K, also failed) - [[decision markets make majority theft unprofitable through conditional token arbitrage]] — this is the primary empirical evidence -- [[futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders]] — Hawkins quote confirms +- futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders — Hawkins quote confirms - [[ben-hawkins]] — proposer entity