You are viewing a single comment's thread from:

RE: Here’s a Bet: Blockchain will revolutionize prediction markets.

in #bitcoin6 years ago

How I joined crypto? Well, when it comes to Steem, it was @heimindanger and DTube: the idea of an IPFS-based, monetarily incentivized video sharing service was spectacular for me. I've been watching Youtube competitors for years and was fascinated by the distributed nature of IPFS as well.

Before Steem, however, it was a slow and steady process: I loved the idea of eliminating gigantic middlemen in very serious markets and services. The sheer scale of independence, as well as the innovation of the emerging techs mesmerized me.

It feels like living the future in present.

About the article: it already did with Ethereum's Augur token. No need for yet another token to create. Only time will tell, though, maybe a token that's easier to use with "physical" currencies may have potential.

Posted using Partiko Android

Sort:  

Good to see that you were brought here by the utility of thia tech.

As for WaykiChain, its app has about 100k+ users while, I believe, Augur averages about 14 users per day. Prediction markets benefit from a large participation rate and Augur wasn't able to get that.

Without utility, we'd trade gift cards just as well, that's how I see it. It's our responsibility to show the outsiders that we're not just speculators.

About Augur, you've definitely caught me, I have no excuse for obscurity, nor has Augur - but since the tech seems to be stable and well-established behind it, I'd assume routing people there would be more beneficial.

At least I can hope WaykiChain may collaborate with them.

For Augur to reach scale, Ethereum first has to move onwards to Casper.