Lol at POW being "tried-and-true"...by that logic so are dial-up modems.
And the rest of the claims sound like crap too. Fiat 'name only' assets? They trying to claim they can offer actual USD in a decentralized manner or something?
And I'm pretty sure price feeding has been proven necessary...the market just doesn't work otherwise (at least for now).
I call shenanigans.
You need to read up about it... ie: doctors tell you to do something for you're well-being but it is incorrect and you end up in worse health.. you trust the doctor as a professional but a prediction market would allow for a greater truth.
"Is 1 beer/wine a day good for you?"
"Who will win the next presidential race?"
"Who should be the next president of the United States"
so on and so on... it allows to find a greater truth in a trustless manor.
The guy who wrote that didn't understand what BitShare's is all about, business on the blockchain and not prediction markets.. a bitasset with fiat makes sense in that context... although predicition market assets make sense in another context using the same framework... so if they work in counison then bitshares becomes more than just business, and would have to have seperate distinct section of the framework (or forks) to dedicate to the niche's.. business/truth in knowledge/currency etc.
What I was interested about was building the prediction market for the purpose of voting in this framework... applied to a single problem may help put the technology to use instead of trying to generalize and solve all of the world's knowledge problems at once.
"Should this feature be merged into BTS?"
"Should this developer get funding to develop a marketplace DAC like open bazaar for bts"?