Topic: Augur - a decentralized prediction market platform - page 27. (Read 114364 times)
you would not be able to sell you REP at gatecoin as REP hasnt been released yet. Gatecoin has pooled the REP of some of their biggest clients and used it to back an asset that will be exchanged for REP on release. Yes its double the price and yes they seem to want to know everything about you!! for upto date info on Augur visit https://www.reddit.com/r/Augur/
Interesting.
Does anyone here use this Gatecoin site?
How can REP be traded if we do not have "access" to it?
It seems it is being traded at twice the initial price. EG: If someone bought 10btc worth, they can now sell for more than double around 22BTC.
Am i missing something?
And they ask for quite a lot of ID for registration.......
PS: where are all the people who invested in Augur? No one seems to want to know anything, very odd, maybe 90% of the investors were the mEthereum team?
Does anyone here use this Gatecoin site?
How can REP be traded if we do not have "access" to it?
It seems it is being traded at twice the initial price. EG: If someone bought 10btc worth, they can now sell for more than double around 22BTC.
Am i missing something?
And they ask for quite a lot of ID for registration.......
PS: where are all the people who invested in Augur? No one seems to want to know anything, very odd, maybe 90% of the investors were the mEthereum team?
Gatecoin has launched REP trading asset , https://gatecoin.com/blog/2015/10/gatecoin-launches-rep-trading/
https://gatecoin.com/marketDepth - click top left to change to REP/BTC
https://gatecoin.com/marketDepth - click top left to change to REP/BTC
Since devs don't post updates out here I'll post them.
The Crowdsale, What's New and What's Next: http://www.augur.net/blog/the-crowdsale-what-s-new-and-what-s-next
The Crowdsale, What's New and What's Next: http://www.augur.net/blog/the-crowdsale-what-s-new-and-what-s-next
Thank you Greed!
Since devs don't post updates out here I'll post them.
The Crowdsale, What's New and What's Next: http://www.augur.net/blog/the-crowdsale-what-s-new-and-what-s-next
The Crowdsale, What's New and What's Next: http://www.augur.net/blog/the-crowdsale-what-s-new-and-what-s-next
I will be over the moon buying a lamboghini if i can Get a x10 return on my original investment into Augur. Eth served me very well, i think Augur will do even better.
Plus the way it is SEt Up, moRE people will hold it and want a nice slice of the % of revenue it will make. I can see Augur being a brute Force in the global online betting world.
Plus the way it is SEt Up, moRE people will hold it and want a nice slice of the % of revenue it will make. I can see Augur being a brute Force in the global online betting world.
BUy Orders?
Will Augur be TRadable on a EXchange?
Will Augur be TRadable on a EXchange?
yes it will be
HOw much (after THe final sale) is 1 Augur to BTC ratio?
1 Augur = % BTC = $ ?
I work it out around 395 Augur per 1 BTC = 395 / $250 = $1.58 per 1 Augur?
Code:
(total_raised_usd/btc_price_usd)/total_tokens_issued = X REP/BTC
So price per Augur REP token is about 0.002 BTC. But after release of the platform 0.02 BTC per REP will be a resonable price.
BUy Orders?
Will Augur be TRadable on a EXchange?
Will Augur be TRadable on a EXchange?
yes it will be
HOw much (after THe final sale) is 1 Augur to BTC ratio?
1 Augur = % BTC = $ ?
I work it out around 395 Augur per 1 BTC = 395 / $250 = $1.58 per 1 Augur?
BUy Orders?
Will Augur be TRadable on a EXchange?
Will Augur be TRadable on a EXchange?
yes it will be
BUy Orders?
Will Augur be TRadable on a EXchange?
Will Augur be TRadable on a EXchange?
Any predictions for when it will be released?
12/25/15 I believe. (Seriously.)
Any predictions for when it will be released?
Mr WHite is not happy!
Can't BElieve i missed out on THis, so what can people like myself do to get involved on this GRavy train? Who do i have to talk to and make a deal happen?
Can't BElieve i missed out on THis, so what can people like myself do to get involved on this GRavy train? Who do i have to talk to and make a deal happen?
Wait till release in a few months and put some buy orders , thats all you can do at this stage.
Mr WHite is not happy!
Can't BElieve i missed out on THis, so what can people like myself do to get involved on this GRavy train? Who do i have to talk to and make a deal happen?
Can't BElieve i missed out on THis, so what can people like myself do to get involved on this GRavy train? Who do i have to talk to and make a deal happen?
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)
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.
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)
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.
I love your optimism but i think your figures are grossly unrealistic. $3 billion a month is not gonna happen.
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)
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.
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)
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.
Built upon the theoretical framework of Paul Sztorc's "Truthcoin" project, Augur will be a decentralized, open-source prediction market application platform. Our team has just published the first draft of our whitepaper, which is available at augur.net. We're also working on an implementation using Serpent contracts, and we have a working prototype written in python available that can be found at https://github.com/scottzer0/Augur-UI.
In a nutshell, this project will allow individuals to create markets where bets can be made for, or against, predictions using bitcoin (whether sidechained directly or via Counterparty or Ethereum). We use a logarithmic market scoring rule to increase liquidity and remove the need for a traditional order book. and instead of having an oracle decide the outcome, we have a distributed group of people report on the outcome of an event after it occurs. If such an individual is dishonest, they are punished, and if they tell the truth, their reputation increases (this is discovered via principal component analysis).
There is a lot to take in, and we fully expect criticism. In fact, we encourage it! So check out the paper, give us your thoughts, and we look forward to building this powerful forecast consensus mechanism!
Whitepaper available at augur.net
Prototype available at https://github.com/scottzer0/Augur-UI.
In a nutshell, this project will allow individuals to create markets where bets can be made for, or against, predictions using bitcoin (whether sidechained directly or via Counterparty or Ethereum). We use a logarithmic market scoring rule to increase liquidity and remove the need for a traditional order book. and instead of having an oracle decide the outcome, we have a distributed group of people report on the outcome of an event after it occurs. If such an individual is dishonest, they are punished, and if they tell the truth, their reputation increases (this is discovered via principal component analysis).
There is a lot to take in, and we fully expect criticism. In fact, we encourage it! So check out the paper, give us your thoughts, and we look forward to building this powerful forecast consensus mechanism!
Whitepaper available at augur.net
Prototype available at https://github.com/scottzer0/Augur-UI.
The Counterparty Platform already has a betting system implemented. Is your model similar to do one they have on XCP? what are the main differences?
I think it will have a nice profit on launch but not as much as Ethereum had. Gl
Prior to the launch time for many more, we will wait and hope
I think it will have a nice profit on launch but not as much as Ethereum had. Gl
When will this coin list on exchange, is there any plan?
REP is not really a coin. But I guess it's gonna be listed in coinmarkecap in the future as some kind of "asset".
I don't even know if it's gonna work in a (centralized) exchange.
Reason: if you don't use it (report bets) you lose it (to other active users who do).
But sure it could possibly be traded in a decentralized exchange on top of ethereum in the future.
Source: http://www.augur.net/blog/what-is-reputation
I am so upset, I bought many REP but I don't want to do any bet, I just want to sell them in exchange.
REP aren't going to be wagered, i think you didn't read properly. The only way to lose REP is due inactivity, or reporting wrong outcomes on events.
I bout about 8 REP. In the future, you can grow your REP and receive collected fees (based on your % of REP) on the markets that are going to be opened. It is possible to sell REPs when they become a trade-able asset.
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