News for hackers. Stuff that matters.

A comment on Introduction to Augur, an open-source, decentralized betting marketplace. Parent comment

Re:Introduction to Augur, an open-source, decentralized bett... by ramblerman on Monday August 20, 2018 @01:28PM (#17801877)
> But averaged over the long term they are very accurate.

That doesn't make sense. Sure investors can be accurate in the long run, but the market itself just reflects the price today.

[ Parent | on HN ]
Re:Introduction to Augur, an open-source, decentralized bett... by packet_nerd on Monday August 20, 2018 @02:30PM (#17802508)
It doesn't though, because people are often short term emotional thinkers. Hype/FUD driven decisions cause short term volatility.
[ Parent | on HN ]