BitShares Forum

Other => Graveyard => Muse/SoundDAC => Topic started by: Empirical1.2 on September 02, 2015, 03:03:42 pm

Title: Music Prediction Market
Post by: Empirical1.2 on September 02, 2015, 03:03:42 pm
Ultimately having a Music Prediction Market for artists, song rankings, grammy's etc. could be very lucrative & synergistic for PeerTracks.

Something similar to HSX.com but for real money http://www.hsx.com/security/
Title: Re: Music Prediction Market
Post by: Ander on September 02, 2015, 04:26:39 pm
Oh wow, this is huge.

Predict the next billboard top 100 list rankings, win money. 
Title: Re: Music Prediction Market
Post by: Riverhead on September 02, 2015, 05:12:06 pm

I was hooked on hsx.com for a while. I can't believe it's not a thing for music....yet.

Title: Re: Music Prediction Market
Post by: topcandle on September 02, 2015, 05:22:51 pm
uhh.  It exists.  Its called Truthcoin and Augur.
Title: Re: Music Prediction Market
Post by: Ander on September 02, 2015, 05:27:12 pm
uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?
Title: Re: Music Prediction Market
Post by: topcandle on September 02, 2015, 05:34:10 pm
uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?

Who's going to fund and develop it?  The better question is if Bitshares does create their own, how much of this will include a lopsided experimential period where Dan and Dev teams figures out what works and doesn't work.  Is it going to lead to another frantic and controversal merging?  Bitshares lacks prediction market advisors and expertise.  These guys are ahead in that category. 
Title: Re: Music Prediction Market
Post by: BunkerChainLabs-DataSecurityNode on September 03, 2015, 01:20:00 am
uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?

Who's going to fund and develop it?  The better question is if Bitshares does create their own, how much of this will include a lopsided experimential period where Dan and Dev teams figures out what works and doesn't work.  Is it going to lead to another frantic and controversal merging?  Bitshares lacks prediction market advisors and expertise.  These guys are ahead in that category.

This answer assumes we will always operate in 1.0? In 2.0 there is nothing stopping even the boys from Augur coming to Bitshares with a worker proposal to integrate or introduce a version to BitShares. We vote, and in it goes. Why does it rely on Dan and team to be done?
Title: Re: Music Prediction Market
Post by: Tuck Fheman on September 03, 2015, 01:49:14 am
I predict music will be around a long time.

Where do I place my bets?
Title: Re: Music Prediction Market
Post by: topcandle on September 03, 2015, 01:52:28 am
uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?

Who's going to fund and develop it?  The better question is if Bitshares does create their own, how much of this will include a lopsided experimential period where Dan and Dev teams figures out what works and doesn't work.  Is it going to lead to another frantic and controversal merging?  Bitshares lacks prediction market advisors and expertise.  These guys are ahead in that category.

This answer assumes we will always operate in 1.0? In 2.0 there is nothing stopping even the boys from Augur coming to Bitshares with a worker proposal to integrate or introduce a version to BitShares. We vote, and in it goes. Why does it rely on Dan and team to be done?
Theory means nothing.  ALthough it feels good to say it will happen in theory, things don't materialize within the execution phase.  Execution is harder to achieve than theory. 

I think Augur team will be focused on creating value on their own pipeline.  They have a stake in improving Augur on Ethereum. Otherwise they will spread themselves thin. 

This is a good look from the past: Remember when Microsoft became exclusive for IBM machines?  Steve jobs felt betrayed by Bill Gates.  But how did that work out for Microsoft?  They turned into a operating software dynasty, while Apple floundered and nearly fell off the map,. 

According to Peter Thiel, all startups should strive for exclusivity and monopolization. 

Title: Re: Music Prediction Market
Post by: BunkerChainLabs-DataSecurityNode on September 03, 2015, 03:11:11 am
uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?

Who's going to fund and develop it?  The better question is if Bitshares does create their own, how much of this will include a lopsided experimential period where Dan and Dev teams figures out what works and doesn't work.  Is it going to lead to another frantic and controversal merging?  Bitshares lacks prediction market advisors and expertise.  These guys are ahead in that category.

This answer assumes we will always operate in 1.0? In 2.0 there is nothing stopping even the boys from Augur coming to Bitshares with a worker proposal to integrate or introduce a version to BitShares. We vote, and in it goes. Why does it rely on Dan and team to be done?
Theory means nothing.  ALthough it feels good to say it will happen in theory, things don't materialize within the execution phase.  Execution is harder to achieve than theory. 

I think Augur team will be focused on creating value on their own pipeline.  They have a stake in improving Augur on Ethereum. Otherwise they will spread themselves thin. 

This is a good look from the past: Remember when Microsoft became exclusive for IBM machines?  Steve jobs felt betrayed by Bill Gates.  But how did that work out for Microsoft?  They turned into a operating software dynasty, while Apple floundered and nearly fell off the map,. 

According to Peter Thiel, all startups should strive for exclusivity and monopolization.

I didn't know Augur was that vested in Eth.. in that case sure.. and at this stage.. obviously unlikely. What happens though when we accomplish what Eth couldn't.. or didn't by some point, and have tens if not hundreds of millions of users in our network. Do they scoff and keep trying to fight for their own, or do they join the good ship BitShares?
Title: Re: Music Prediction Market
Post by: Erlich Bachman on January 13, 2016, 09:57:01 am
did we merger with these guys yet?
Title: Re: Music Prediction Market
Post by: TravelsAsia on January 13, 2016, 12:51:04 pm
Ultimately having a Music Prediction Market for artists, song rankings, grammy's etc. could be very lucrative & synergistic for PeerTracks.

Something similar to HSX.com but for real money http://www.hsx.com/security/

Interesting idea, has anyone at Peertracks checked this out before?