Introduction to Augur, an open-source, decentralized betting marketplace

Re:Introduction to Augur, an open-source, decentralized bett... by the_cat_kittles on Monday August 20, 2018 @11:56AM (#17800979)

make a market, buy up all the yes shares when the price is low, kill the person, collect your reward.

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Re:Introduction to Augur, an open-source, decentralized bett... by camjohnson26 on Monday August 20, 2018 @12:06PM (#17801083)

Why would anyone take the other side of that bet?

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Re:Introduction to Augur, an open-source, decentralized bett... by flyingfences on Monday August 20, 2018 @02:04PM (#17802249)

Because they don't think you're gonna go out and kill someone.

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Re:Introduction to Augur, an open-source, decentralized bett... by camjohnson26 on Monday August 20, 2018 @03:11PM (#17802919)

Still they would get low odds and the risk/reward ratio makes that a terrible bet since it would only take one accident to lose all your money. For like a 1% return.

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Re:Introduction to Augur, an open-source, decentralized bett... by the_cat_kittles on Monday August 20, 2018 @03:47PM (#17803263)

if you think the odds of something happening are lower than the share price, you sell / short / buy "no". if you think they are more likely, you buy. the odds are 100% if you plan on killing someone, and surely some people will think its less than 100%. they will buy "no" shares because they think that its less than a certainty that someone is going to be assassinated.

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Re:Introduction to Augur, an open-source, decentralized bett... by DennisP on Monday August 20, 2018 @02:02PM (#17802219)

Of course. My point is, that wouldn't actually work very well, for the reasons I mentioned above.

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