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The article says Augur's main advantages are 1) it's decentralised so anyone can create markets and 2) you don't have to trust a third party to distribute funds
by mherrmann 8y ago
The article says Augur's main advantages are 1) it's decentralised so anyone can create markets and 2) you don't have to trust a third party to distribute funds after a bet is over.
The only problem I could really see being solved by Augur is that maybe it can work around regulations that prohibit many forms of "bets". But the article also says that Augur is facing legal challenges already, and it will be determined in September whether they can continue.
Its decentralised, "illegal" nature reminds me of BitTorrent. Sure, there is money to be made. But the real change will come when companies akin to Netflix figure out how to do it centrally and legally.
- rebuilder 8y agoI don't think gambling is an area where you can figure out how to do it legally the way Netflix was able to offer digital streaming. The whole business is illegal in many places, or a state monopoly.