Quote from: topcandle on November 03, 2015, 03:50:52 pm

Quote from: monsterer on November 03, 2015, 03:43:36 pm

The reason I vote bond markets is that you can emulate prediction markets using privatised bitAssets. The feed price becomes the oracle. You cannot do the same thing with bond markets.

The thing is you can only do binominal type outcomes.  There is no scalar type outcomes.  Eg. Bitshares = Republicans will gain >200 seats in the House and Senate?
Augur = How many seats will Congress gain in the house and the senate?

This is a big downside because your missing out on all the sports, financial statistical type questions.

Thats not true at all. Bitassets are not binomial markets.

So how do you do tournament style prediction markets in Bitassets?

The reason I vote bond markets is that you can emulate prediction markets using privatised bitAssets. The feed price becomes the oracle. You cannot do the same thing with bond markets.

The thing is you can only do binominal type outcomes.  There is no scalar type outcomes.  Eg. Bitshares = Republicans will gain >200 seats in the House and Senate?
Augur = How many seats will Congress gain in the house and the senate?

This is a big downside because your missing out on all the sports, financial statistical type questions. 

Wouldnt a bond market bring in more liquidity? Plus we would always be under the shadow of augur so... The optimal decision would be to go for bond markets? I dont know however,  the level of difficulty achieving each one of those tasks

I'd argue no because Prediction Markets would bring numerous arbitrage opportunities between Augur and Bitshares.   They both would have to reflect the same prediction price, if not there is opportunities for somebody to make a profit.  This is self rewarding.  Meaning more transactions on the network. 

Also why would we be in the shadow of Augur.  Our system is faster.  Similarly there is plenty of room for Augur and Bitshares. 


Think 2016 Presidential Elections. 
Think of all the questions in DIFFERENT LANGUAGES
THINK OF  ALL THE QUESTIONS IN DIFFERENT ACADEMIC FIELDS
THINK OF ALL THE FINANCIAL QUESTIONS
THINK OF ALL THE SPORTS QUESTIONS

Not to mention this was orginally promised in the Bitshares 1.0 design....

POLL ADDED. 

just checked with btc38 team, they told me they will finish the upgrade and reopen deposit/withdraw today or tomorrow.

!!!!!!!!!!!!!!!!!!!!!!  THAT"S AWESOME!!!!!!!

Fav unforunately moved this discussion to the random section.  here was their answer.

I just wanted to thank the BitShares community for continuing to take interest in Follow My Vote's activities.

Also, to set the record straight, Follow My Vote has yet to claim over half of our vesting stake, which was allocated to fund the development of voting software for the BitShares community, nor have we spent all of the stake that we have claimed to date. We have stake stored within multiple BitShares accounts and on multiple cryptocurrency exchanges. Any of the claimed stake we have sold to date has been to support the development of said voting software. On that note,  later this week, we will be releasing the code we've developed to date as open source and will be publishing the code to our github repo at that time.

Several months ago, I also pledged 1M BTS to be spent on helping to directly market BitShares to the world. To this end, we will be working with the team at FreebieServers.com in the days ahead to sponsor a BitShares branded gaming tournament.

We'll be sure to keep you posted on all of the above.

Can't stop the Bitshares avalanche!