V God praised the prediction market and community annotations for helping to explore the truth! Musk responded in agreement

Ethereum co-founder Vitalik Buterin shared on X last night (1) that he believed two major technologies that would help understand social cognition in the 2020s, which attracted widespread attention and even rarely elicited a reply from Musk.

Vitalik praised “Prediction Market” and “Community Annotation”

Buterin said in the post: Prediction market and community annotation are gradually becoming two important social cognitive technologies in the 2020s. Both are truth-seeking and democratic, based on open public participation rather than pre-selected elites. I'd like to see more of this.

Buterin further explained: I think prediction markets and community annotation are very complementary to each other. The main criticism faced by community annotations is that they are too slow to respond. Prediction markets focus on incentivizing people to predict possible future signals and disclose them as quickly as possible.

In the article, Buterin also named @jaybaxter, the core developer of Community Notes. Community Notes is a community-driven annotation platform whose main purpose is to increase the transparency and accuracy of information.

Users of this platform can annotate and supplement the content on

Polymarket, the recently popular on-chain prediction market, also responded: We are committed to building a truth machine on the Internet.

Musk responded with approval

What is rare is that Buterin's comments also attracted Musk's attention. He replied "Yeah" to the post, expressing his affirmation and approval.

As for Musk’s reply, Polymarket also said: “The prediction market is the best filter for the truth. Most of the truth can be found on X.”

Polymarket’s trading volume exceeded US$110 million in June

Benefiting from many popular events such as the US presidential election and the 2024 European Football Championship (6/14~7/14), Polymarket’s trading volume in June reached US$111 million, the first time Passed the $100 million mark. In addition, Polymarket’s trading volume from January to May hovered between US$38.9 million and US$63 million, a 620% increase from the previous five months (August to December 2023).

Soliding the same stance as Buterin, Coinbase’s head of engineering also said that decentralized prediction markets are a way to eliminate “misleading narratives” and see the truth: Prediction markets are a technology that maintains freedom and can drive society forward.

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