I’m thinking that providing a free call option can be a feature, not a bug.
- Proposals are one-sided – change the status quo, or not. So there is a ‘burden of proof’ on supporters of the proposal.
- Presumably the supporters actually want the change to happen, i.e. they derive some benefit from this change happening. This benefit can outweigh the expected utility they lose from providing free options.
- On the other hand, if people aren’t willing to stake much money on the proposal, it can’t be that beneficial (as measured by $$).
It’s similar reasoning to my ethresearch post Governance mixing auctions and futarchy . Mixing monetary mechanisms with voting has the advantage of letting people express the strength of their preference by putting their money where their mouth is.