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Topic: [ANN] Augur alpha test: decentralized prediction markets - page 2. (Read 7164 times)

legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
So Ico raised 5M its now 80M?

I guess wait until a more sensible cap of 10M is realised before dipping in or buy a clone when it arrives.
legendary
Activity: 1078
Merit: 1050
augur was still in the stage to test but why at trading site poloniex already held

Do you mean testing of Augur prediction platform?
sr. member
Activity: 1918
Merit: 268
20BET - Premium Casino & Sportsbook
augur was still in the stage to test but why at trading site poloniex already held
legendary
Activity: 1078
Merit: 1050
11M limited supply. No mining.
member
Activity: 91
Merit: 10
What ico price? Including from initial price to last price. It is very expensiive in poloniex. I think the price is overpriced now.
legendary
Activity: 2730
Merit: 1068
Juicin' crypto
overpriced crap (for now) lol.

all polo bot action as usual.
sr. member
Activity: 336
Merit: 250
Someone was able to sell at 2btc that was lucky..
sr. member
Activity: 471
Merit: 250
This is a top ten coin at the moment. But for how long?
hero member
Activity: 686
Merit: 500
How long will beta last? How many more months until main net launch? Will exchange trading only start after main net is live?
sr. member
Activity: 258
Merit: 250
sr. member
Activity: 476
Merit: 250
I can't wait to get started with Augur. Christmas can't come soon enough.
legendary
Activity: 1176
Merit: 1017
Well it seems like many people missed this train, let's do math:

The final price was around 400 rep/bitcoin (230 usd)

With 3 bitcoins you own a little more than 1/10,000 of total reps.

Rep will get profit from fees.


In a conservative scenario where each month only 3 billion usd are wagered on this, ( today there are single sport events where more than that is wagered on a single day, i think the total amount wagered worldwide on sportsbooks and prediction markets is around 100 billion/month but who knows, it may be even 500 or 1000 billions.)

Let's take a 1% fee of that, that is 30 million usd.


Distributed into 10,000 parts the result is 3000 usd.


So with 3 bitcoins (690 usd) you had the opportunity to make at least 3000/month without doing anything.


Obviously all this is on the supposed scenario where they deliver and it goes successful after it.

@cjmoles, this project is not dead, just dont expect noise in next few months unitl they launch... you will see more stuff about this on the ethereum forum than here.

I was just wondering why this thread was so small considering the 5.1 M dollar interest in the project.  I was thinking that maybe this was an orphaned thread and that maybe I was overlooking the favored thread.

In regard to the sportsbook example:  They're are games everyday....so....if the rep holder's reporting period is about every eight weeks....how does that translate?
sr. member
Activity: 462
Merit: 250
Well it seems like many people missed this train, let's do math:

The final price was around 400 rep/bitcoin (230 usd)

With 3 bitcoins you own a little more than 1/10,000 of total reps.

Rep will get profit from fees.


In a conservative scenario where each month only 3 billion usd are wagered on this, ( today there are single sport events where more than that is wagered on a single day, i think the total amount wagered worldwide on sportsbooks and prediction markets is around 100 billion/month but who knows, it may be even 500 or 1000 billions.)

Let's take a 1% fee of that, that is 30 million usd.


Distributed into 10,000 parts the result is 3000 usd.


So with 3 bitcoins (690 usd) you had the opportunity to make at least 3000/month without doing anything.


Obviously all this is on the supposed scenario where they deliver and it goes successful after it.

@cjmoles, this project is not dead, just dont expect noise in next few months unitl they launch... you will see more stuff about this on the ethereum forum than here.

(bolded by me)
Good luck. Keep in mind there's always going to be competition.

Yeah but on this things you know the first or the main always get a huge share, just see the mcap of bitcoin compared to all the rest of alts.
sr. member
Activity: 360
Merit: 250
Token
Well it seems like many people missed this train, let's do math:

The final price was around 400 rep/bitcoin (230 usd)

With 3 bitcoins you own a little more than 1/10,000 of total reps.

Rep will get profit from fees.


In a conservative scenario where each month only 3 billion usd are wagered on this, ( today there are single sport events where more than that is wagered on a single day, i think the total amount wagered worldwide on sportsbooks and prediction markets is around 100 billion/month but who knows, it may be even 500 or 1000 billions.)

Let's take a 1% fee of that, that is 30 million usd.


Distributed into 10,000 parts the result is 3000 usd.


So with 3 bitcoins (690 usd) you had the opportunity to make at least 3000/month without doing anything.


Obviously all this is on the supposed scenario where they deliver and it goes successful after it.

@cjmoles, this project is not dead, just dont expect noise in next few months unitl they launch... you will see more stuff about this on the ethereum forum than here.

(bolded by me)
Good luck. Keep in mind there's always going to be competition.
sr. member
Activity: 462
Merit: 250
Well it seems like many people missed this train, let's do math:

The final price was around 400 rep/bitcoin (230 usd)

With 3 bitcoins you own a little more than 1/10,000 of total reps.

Rep will get profit from fees.


In a conservative scenario where each month only 3 billion usd are wagered on this, ( today there are single sport events where more than that is wagered on a single day, i think the total amount wagered worldwide on sportsbooks and prediction markets is around 100 billion/month but who knows, it may be even 500 or 1000 billions.)

Let's take a 1% fee of that, that is 30 million usd.


Distributed into 10,000 parts the result is 3000 usd.


So with 3 bitcoins (690 usd) you had the opportunity to make at least 3000/month without doing anything.


Obviously all this is on the supposed scenario where they deliver and it goes successful after it.

@cjmoles, this project is not dead, just dont expect noise in next few months unitl they launch... you will see more stuff about this on the ethereum forum than here.
legendary
Activity: 1176
Merit: 1017
Am I the only person who visits this thread?  Where is a thread that has updated information?
legendary
Activity: 1176
Merit: 1017
I s there a link to a new thread somewhere?  Or, is this project dead?
legendary
Activity: 1176
Merit: 1017
Is this an old thread?  Is there a new thread that I'm not aware of yet?
legendary
Activity: 1176
Merit: 1017
Very interested in this project....just wish it were more user friendly....completely lost at this point so need to find some better reference material, I guess.  Suggestions?
jr. member
Activity: 39
Merit: 13
Last of the freelance physicists
That guy you have on your site in the yellow shirt clutching the stick looks maniacal like he is planning the destruction of the earth when that picture was taken.
Haha, yeah, I'm not sure who picked that picture of Prof. Hanson, but we probably should put up a better/less maniacal one Grin
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