In this episode, Austin chats with Kollan House, cofounder of MetaDAO, the first project to put the concept of futarchy into practice since its conception in the early 2000's. Put simply, futarchy is a system of governance that uses market mechanics to make decisions. MetaDAO provides a platform to create, manage, and participate in futarchies, and is itself governed by a futarchy. Kollan breaks down how market-based governance works, gives real-world examples of futarchic voting proposals, and addresses the viability of futarchy's economics and ethics.