Thread replies: 6
Thread images: 1
Thread images: 1
File: maxresdefault.jpg (174KB, 3000x1684px) Image search:
[Google]
174KB, 3000x1684px
Thoughts on augur and gnosis?
Most recent blockchain projects are gimmicky as fuck and outclassed by existing tech, but the idea of decentralized prediction markets seems genuinely interesting.
If augur takes off after launch, the price of $REP will be tied to the annual trading volume (since $REP gives you shares of trading fees).
Haven't researched gnosis yet, but the recent ICO fiasco has me staying the fuck away from gnosis coins.
Anyway thoughts, /biz/?
Benefits of decentralized prediction markets:
> Anyone can sell prediction tokens instead of only major betting sites
> Minimal fees compared to existing sites
> No risk of scamming since outcome is enforced by smart contracts
> Easily deposit and withdraw cash without dealing with greedy gambling sites
Also, unlike existing BTC gambling sites, augur just uses fiat to bet meaning it's more normie compatible.
I'm sure there are a few more but that's the basic ones I guess.
The current price of augur (~$13) seems overpriced as fuck though
>>
my thought is I really wish I took augur seriously when the price was low.
is it still worth investing?
>>
>>2001258
As a concept I think it definitely has potential, however currently all they have to show for it is a non-functioning beta platform that looks and feels like garbage. I have no idea how the coin is worth $13 honestly.
>>
>>2001258
>>2001279
Just to add... If Augur was able to get $1B+ trading volume a year (possible given how popular gambling is), then according to this calculator (from official augur site) you would earn $1.07 annual per $REP.
https://repulator.github.io/
Meaning at the current price of $REP, you'd get less than 10% ROI annually.
This means, IMO, $REP is way too over valued atm since even when assuming they can get $1B+ annual trading volume the ROI is still shit.
>>
I've never seen something get this high on just hype before
Seriously wtf
>>
>>2001279
Speculation desu. Blockchain is great for all these disruptive technologies but if we want to garner the adoption of the masses we need tools for today, not tools for 10 years time. Currency is where we are at, people are pushing too far ahead and that is creating alot of future speculation, which WILL end badly for anything that doesn't have some sort of real value attached it it.
Thread posts: 6
Thread images: 1
Thread images: 1