Author Topic: Music Prediction Market  (Read 1203 times)

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Offline Empirical1.2

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Music Prediction Market
« 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/
If you want to take the island burn the boats

Offline Ander

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Re: Music Prediction Market
« Reply #1 on: September 02, 2015, 04:26:39 pm »
Oh wow, this is huge.

Predict the next billboard top 100 list rankings, win money. 
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Offline Riverhead

Re: Music Prediction Market
« Reply #2 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.


Offline topcandle

Re: Music Prediction Market
« Reply #3 on: September 02, 2015, 05:22:51 pm »
uhh.  It exists.  Its called Truthcoin and Augur.
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Offline Ander

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Re: Music Prediction Market
« Reply #4 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?
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Offline topcandle

Re: Music Prediction Market
« Reply #5 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. 
« Last Edit: September 02, 2015, 05:36:35 pm by topcandle »
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Offline BunkerChainLabs-com

Re: Music Prediction Market
« Reply #6 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?
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Tuck Fheman

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Re: Music Prediction Market
« Reply #7 on: September 03, 2015, 01:49:14 am »
I predict music will be around a long time.

Where do I place my bets?

Offline topcandle

Re: Music Prediction Market
« Reply #8 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. 

« Last Edit: September 03, 2015, 01:55:51 am by topcandle »
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Offline BunkerChainLabs-com

Re: Music Prediction Market
« Reply #9 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?
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Offline Erlich Bachman

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Re: Music Prediction Market
« Reply #10 on: January 13, 2016, 09:57:01 am »
did we merger with these guys yet?
You own the network, but who pays for development?

TravelsAsia

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Re: Music Prediction Market
« Reply #11 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?