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Offline luckybit


I stumbled upon this article: http://www.wired.com/2015/02/infoporn-proof-fda-isnt-protecting-americans-health/

And this article: http://medicalxpress.com/news/2015-02-bmj-reveals-network-links-health.html

It should be apparent to all Americans that the FDA cannot be trusted due to regulatory capture. As a result we have a function which is clearly necessary but which may benefit from being turned into a distributed autonomous corporation.

I'd like to ask Bytemaster to take some time to share his thoughts on the feasibility of doing this. I also think it would be a good blog topic which could draw attention to the utility of DACs and Bitshares technology.

The way I could see to do this would be to have the incentives set up so that we can create a distributed consumerlabs style service where you "mine" by producing verifiable test results using your personal lab. The cost of doing these tests should get cheaper and it's something which actually makes sense to use the mining metaphor on because of the scientific utility of producing test results. Additionally people could blog about their own trials of products and get paid to review different products.

This might be useful for the supplement industry which isn't regulated by the FDA and doesn't want to be regulated. At the same time we need ways of knowing which supplements are actually effective in practice, which are safe or not safe, etc. I also think prediction markets could help a lot here because a lot of scientists will give certain information in public about how for example high fructose corn syrup is just sugar but then we also know the sugar lobby has a lot of influence. Prediction markets allow for free anonymous speech.

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Offline faddat

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Re: [Topic suggestion for Bytemaster's blog] Can a DAC do better than the FDA?
« Reply #1 on: February 14, 2015, 10:58:03 AM »
as an anarchist and a realist, I think that it wouldn't even take a DAC:  NO FDA > FDA.  Done!

Offline luckybit

Re: [Topic suggestion for Bytemaster's blog] Can a DAC do better than the FDA?
« Reply #2 on: February 14, 2015, 11:21:19 AM »
as an anarchist and a realist, I think that it wouldn't even take a DAC:  NO FDA > FDA.  Done!
The function of the FDA is a useful function though. How do we replicate the function of the FDA without the risk of regulatory capture?

Or do you think each person should individual test every drug and supplement they consume?

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Offline lovejoy

Re: [Topic suggestion for Bytemaster's blog] Can a DAC do better than the FDA?
« Reply #3 on: February 19, 2015, 06:47:35 AM »
As long as we're going to have a State, as such, it may as well be made obsolete through exposure to more adaptive models.

Independent labs which are third-party verified to ensure safety and quality of all known substances should likely exist, but their 'recommendations' should be implemented on a voluntary basis.

It's a good, and grand idea luckybit.


 

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