I'm on the fence as to if I am finished accumulating so it doesn't really benefit me to point out the not-existing-in-the-world-we-live-in-traits of augur. But yes it's probably going to be a unicorn (in my optimistic mind) and the only reason I would think it wouldn't be is bc gnosis is for some reason way better.
Anyway:
1) you can't bet on sports on Predict only politics. And with augur again it is anything, think about that for a while, let that settle, anything, that does not exist in the world, not in a worldwide decentralized way where anyone can participate and so a critical mass can be reached.
2) no need to download anything with augur
3) you really think predict has a great user interface lol? Anyway probably the great interfaces for augur will be the stuff built on top.
It runs on Ethereum. If you don't know about Ethereum it's like Bitcoin on steroids.
I'd recommend listening to Joey Krugs latest podcast.
https://www.producthunt.com/posts/blockchannel-4-joey-krug-thiel-fellow-augur-predicting-the-future
Good luck! And def don't throw money at anything in this space that you aren't ready to see go to zero potentially.
Better for tax reasons and recognition of open source [i.e. see https://tinyurl.com/znmupwv] and we're eresidents there which makes the business environment pretty easy to navigate, everything can be done online, etc.
It won't be a for profit entity after release. We do plan to make a separate entity that's for profit building value added services around the project (a la Red Hat).in the future.
After release, the company will continue to fund ongoing maintenance and development of the software/project as well as marketing it after and near launch.
If you are new to Stack Exchange (the most popular technical Q&A site on the internet) ask a question in this thread and I will respond.
Before we can launch our own Stack Exchange site we must graduate "Area51" This involves gathering supporters for the site and creating (not answering) sample questions that could appear on Stack Exchange after launch.
For now we need as many people to follow the proposal as possible. In order to pass the Area51 commitment stage we need a large number of supporters with reputation on Stack Exchange network sites. Please choose a site in your area of expertise and start building reputation right away.
Stack Exchange will be very helpful in increasing our visibility among the technical types that may wish to contribute as developers or users of Augur in the future. However success will require commitment from a large portion of the Augur community. To date only Bitcoin, Ethereum and Monero have had what it takes to graduate Area51 and create a Stack Exchange site. Lets become #4!
If your are willing to help advance this proposal, read the upper right hand corner of the page. For the first step we need at least 60 followers (we will eventually need many more) and 40 example questions with at least 10 votes each.
Also made a post on steem to promote this.
There's a lot of crypto users that use the platform so I wanted to make sure as many eyeballs as possible can learn about Augur.
As always; upvotes, shares and comments are encouraged and appreciated!
Our final legal document prior to the sale is a risk disclosure agreement. It has commentary surrounding a lot of the issues you've brought up. It doesn't go so far as to create a freelancing agreement between reporters and augur (because the actual entity that reporters interact with is the core protocol on ethereum). It should be done by tomorrow then we'll release that document as well.
Edit: see https://www.scribd.com/doc/274754652/Rep-Presale-Risk-Disclosure --- uploading to augur site later today
Maybe you guys are the cool kids and we're the cliché ones. Okay, we're both cool kids. Ha. :)
BTW, for anyone who would like to request a REP listing on Kraken, here's how to email them: https://www.kraken.com/en-us/about/contact
download and install go-ethereum or eth (i have eth but i think go-ethereum is easier) https://github.com/ethereum/go-ethereum
follow the steps described here to create an account https://www.ethereum.org/cli#warning
Thank you. Unfortunately this step is the easy part. The commitment stage which comes next will be much harder. Some people (who do not use Stack Exchange yet) may become annoyed with me as I continually remind people to earn reputation (at least 200 rep on an existing SE site). From past experience finding 100 users with 200 rep (or willing to earn it) is harder than the other commitment stage requirements (200 supporters, etc).
Hopefully those who already use Stack Exchange (Stack Overflow for programming questions, one of the 3 above mentioned crypto SE sites, a foreign language learning site or something else) will support my assertion of the value of this.
Technically we have 1 year to complete the Area51 commitment stage (after the current definition stage is complete). My personal goal is much more aggressive because I want to site to be ready near the time Augur launches.
Thank everyone that already followed the proposal. If you are new to Stack Exchange, please check out a site in an area you are familiar and answer enough questions to earn at least 200 reputation http://stackexchange.com/sites
I've decided none of these approaches would work, including mine about using a PM. In that case, it would be assumed by everyone that the market maker would be the person with the critical information and who would control the outcome. As for your DAC approach, I see a couple problems with your presentation:
1) ". . . neither ethereum nor augur nor bitcoin are anonymous."
Bitcoin can certainly be made completely anonymous with a bit of effort, and both ethers and augurs both were available for purchase using bitcoins during their presales and the former are still purchasable using bitcoins now. The latter will be after Augur goes live.
2) "After the police report which evidence helped them solve the crime . . ." This kind of central reporting is what Augur was designed to avoid, and for good reason. Your example could serve as a poster child for an inherently untrustworthy reporting procedure.
I think the only solution to better bounties is to turn them into lotteries. Some years ago I described one such approach, at:
https://www.scribd.com/doc/254106778/Keystroke-Informant-Lotteries-A-Bitcoin-DAC-Killer-App
but to save you the trouble of reading it (and nobody ever does) the basic principal is that with a big enough payoff, people would supply all critical information about a crime simply on the chance of winning big anonymously, as opposed to earning some relatively small amount pseudo-anonymously -- which is kind of a spin on your statement about "rational actors". Are lottery players rational? No, not really. But that irrationality could be put to a good social purpose. I had a good deal of serious fun proposing a way to do this.
This is a very concise answer, thank you. It is moments like these where I feel I am completely incompetent to do investing... I tried to research Augur before but never went as far as you described it. I would really like to understand this better than just following lines on a chart... One post that I read is https://steemit.com/crypto/@reb/3wnpeb-augur-rep which I sort of understood but it didn't go into the trading volume / market cap you wrote about. Can you point me in the right direction - papers, posts, videos that will help? On a side note, is REP's price correlated positively or negatively with any other coin? I think I read about it being correlated with the entire crypto market cap but not sure... Thanks!
Read our blog & let us know if you think we missed anything! We will be updating this blog as your suggestions come in.
🔐 Securely store your REP token on a KeepKey hardware wallet. Use discount code: Reddit60 for 60% off at ➡ shapeshift.io/keepkey
Mmmm, because you want to be part of the game and you don´t want to take care of the votes for some period. Imagine that http://www.livescore.com/ starts a Smart Oracle Department to submit scores on blockchain platforms, Augur among others. They offer to deposit REP tokens and they take care of the voting system. Earning a percentage of the gained fees. In other to avoid an abuse from them, I create a multisig account. They cannot move my REP tokens but they can vote for me.
At the same time, I am concern about the fungibility of those tokens if you trade with them and there is not affordable time to vote.
I will wait to get more information, still don´t know f.e. the demurrage percentage of the tokens if you don´t judge events each 8 weeks.
Paging /u/joeykrug and /u/Tony_Swish
If you are familar with Fedora 22 (https://getfedora.org/), I was able to get geth running on it pretty easily. Here are instructions that I wrote: https://www.reddit.com/r/ethereum/comments/3ib58j/success_building_geth_on_fedora_22/
The installation took me less than 30 minutes.
Additional data are available in the analytical appendix: https://www.researchgate.net/publication/283346309_Analytical_Appendix
Note that the paper sources predictions from randomly assigned regular forecasters; superforecasters are not included in the study.
Tetlock et al's paper has been posted online: https://www.researchgate.net/publication/281765164_Distilling_the_Wisdom_of_Crowds_Prediction_Markets_versus_Prediction_Polls?showFulltext=true
Turns out they did fit the correction parameters on a semi-independent sample (they do the fitting on year 1 data and the comparison on year 2 data).
They also compare ROC curves and come up with the interesting finding that the PM underperformance is concentrated during the early period after resolution. This is consistent with what I consider the most important PM limitation: liquidity constraints / opportunity cost concerns incentivize traders to concentrate their assets towards questions that will resolve sooner.
I'm a bit more likely (but still not 100%) to believe their result in light of these findings.