Tag: Augur

The 5 Things That Make a Prediction Market Decentralized

I think there are five main vectors to look at when considering how decentralized a prediction market platform is. By decentralization here, I mean resistance to central control or censorship. Market CreationCan anyone create markets, can only one privileged party do so, or somewhere in between, like a DAO...

DeFi Synthetics on Augur

Augur lets anyone, anywhere create new financial instruments that have never existed – with a few clicks. One can create synthetics that track anything from Apple stock to the price of Ether. Under the hood, these are scalar markets. Such markets resolve along a scale rather than paying out...

Augur: A New Financial Primitive

Shares in Augur markets represent exposure to or insurance against any future state of reality. They are a new financial primitive. These shares are transferrable, borderless, programmable, and uncensorable. Anyone, anywhere, at anytime can buy, sell, exchange, or even gift these shares to anyone else. Just as lending, exchange,...

Augur’s Flippening
Why Everything May Be About to Change…

Imagine a social network that: 1) none of your friends are on 2) where you have to pay a dollar each time you post a status update or add a friend 3) you can only pay this fee using an obscure, volatile currency that most people have never even...

How to Keep up to Speed on Augur
A Quick Guide to the Best Resources

We’re starting to see more content, media and social activity in Augurland, so I wanted to share a list of the best sources to keep a pulse on what’s happening in the space. How many of these you follow will depend on whether you’re a casual spectator, a serious...

How Prediction Markets Work
A Simple Thought Experiment

To get a feel for how prediction markets work, let’s build one…from scratch. We’ll mentally construct a prediction market from the ground up with a simple thought experiment. Let’s say our goal is to make the best prediction possible on some future event. It could be a political election,...

Radically Open Markets

Just as anyone, anywhere, anytime can create a Wikipedia page on anything, anyone, anywhere, anytime can create an Augur market on anything — any verifiable outcome in the universe. And just as anyone can contribute to a Wikipedia page, anyone can contribute to an Augur market by pricing in their unique...

Meet Poyo: An Interview with Augur’s Most Controversial Cat

Poyo has been called a troll, scammer, scheming mastermind and incompetent fool. There’s probably some truth to all of these labels for the controversial Augur trader and self-christened “sof’ cat of predictions.” I first stumbled across Poyo in 2016 when I sighted a whiskered avatar in the comment section...

How to Create Liquid Augur Markets

I recently created what is now the most popular market on Veil, by trading volume: “Will U.S. Presidential Candidate Pete Buttigieg Have One Million or More Twitter Followers on May 1, 2019?” This got me thinking about how to create liquid markets on Augur. A prediction market can concern...