Democracy and individual liberty; decentralised prediction markets

A pair of links I found recently (via Marginal Revolution) and haven’t found on LW:

http://​​www.cato-unbound.org/​​2014/​​03/​​10/​​mark-s-weiner/​​paradox-modern-individualism

https://​​bitcointalk.org/​​index.php?topic=475054.0;all

The former discusses liberty in the context of clannish behaviour, arguing that it is the existence of the institutions of modern democracies that allows people individual liberty, as it precludes the need for clan structures (extended family groups, crime syndicates, patronage networks and such).

The latter is a author’s summary of a white paper on the subject of decentralised Bitcoin prediction markets with a link to the paper.