Mallesh Pai(@malleshpai):Be very wary of ideas like "all we need to make this work is to have a market that prices x. those market prices will be efficient and make it possible to do y". if the idea also has a plausible story about who will provide liquidity/ pay for price discovery in those markets, and why, you might be ok. But if it's just "markets work", run, don't walk.

Mallesh Pai

@malleshpai

Forward Deployed Researcher and Recovering Economist @tempo.

参加 December 2009

999 フォロー中 5.9K ファン

Mallesh Pai@malleshpai

2026.08.21 01:41

Be very wary of ideas like "all we need to make this work is to have a market that prices x. those market prices will be efficient and make it possible to do y". if the idea also has a plausible story about who will provide liquidity/ pay for price discovery in those markets, and why, you might be ok. But if it's just "markets work", run, don't walk.