Proph3t, founder of MetaDAO, breaks down futarchy from first principles — a governance system where prediction markets, not token holders, decide what a protocol does.

The conversation moves fast: from the origin story of MetaDAO to ownership coins, liquidating failing projects as a feature, insider trading risks in onchain governance, and buybacks as value accrual. Then it zooms out — Proph3t's actual goal is to apply futarchy beyond crypto, to corporations and eventually governments.

If you've ever lost money to a rug and wondered if there's a structural fix, this episode is it.

Sponsored by MetaDAO. Hosted by 8bitpenis. Produced by Blockformer.