Difference between revisions of "Augur (software)"

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| website = {{url|https://www.augur.net}}
 
| website = {{url|https://www.augur.net}}
 
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'''Augur''' is a [[decentralized]] [[prediction market]] platform built on the [[Ethereum]] [[blockchain]] and the first [[decentralized application]] running on Ethereum to make headlines.<ref name="Internationl Business Times">{{cite_news|url=https://www.ibtimes.co.uk/ethereum-powered-augur-brings-its-beta-microsoft-azures-blockchain-cloud-1549630|title=Ethereum-powered Augur brings its beta to Microsoft Azure's blockchain cloud|date=2016-03-15|access-date=2019-11-28|website=[[International_Business_Times]]|language=en-US}}</ref> Augur is being developed by Forecast Foundation that was founded in 2014 by Jack Peterson and Joey Krug. Forecast foundation is being adviced by [[Intrade]] founder Ron Bernstein and [[Ethereum]] founder [[Vitalik Buterin]].<ref name="Bloomberg">{{cite news|url=https://www.bloomberg.com/news/articles/2018-07-26/as-crypto-meets-prediction-markets-u-s-regulators-take-notice|title=As Crypto Meets Prediction Markets, Regulators Take Notice|last1=Leising|first1=Matthew|date=July 26, 2018|work=Bloomberg}}</ref> After a crowdfunding in August 2015,<ref name="foxnews" >{{Cite news|url=https://www.foxnews.com/tech/new-tech-promises-government-proof-prediction-markets|title=New tech promises government-proof prediction markets|last=Lott|first=Maxim|date=2015-08-20|work=Fox News|access-date=2018-12-02|language=en-US}}</ref> the project launched in July 2018.
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'''Augur''' is a [[decentralized]] [[prediction market]] platform built on the [[Ethereum]] [[blockchain]] and the first [[decentralized application]] running on Ethereum to make headlines.<ref name="Internationl Business Times">{{cite_news|url=https://www.ibtimes.co.uk/ethereum-powered-augur-brings-its-beta-microsoft-azures-blockchain-cloud-1549630|title=Ethereum-powered Augur brings its beta to Microsoft Azure's blockchain cloud|date=2016-03-15|access-date=2019-11-28|website=[[International_Business_Times]]|language=en-US}}</ref> Augur is being developed by Forecast Foundation that was founded in 2014 by Jack Peterson and Joey Krug. Forecast Foundation is advised by Ron Bernstein, founder of the defunct company [[Intrade]] and [[Ethereum]] founder [[Vitalik Buterin]].<ref name="Bloomberg">{{cite news|url=https://www.bloomberg.com/news/articles/2018-07-26/as-crypto-meets-prediction-markets-u-s-regulators-take-notice|title=As Crypto Meets Prediction Markets, Regulators Take Notice|last1=Leising|first1=Matthew|date=July 26, 2018|work=Bloomberg}}</ref> The concept is based on the founders hopes that "it (is) nearly impossible for government to regulate 'prediction markets'" and their statement that "the market is not necessarily illegal."<ref name="foxnews"/>
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After a crowdfunding in August 2015,<ref name="foxnews" >{{Cite news|url=https://www.foxnews.com/tech/new-tech-promises-government-proof-prediction-markets|title=New tech promises government-proof prediction markets|last=Lott|first=Maxim|date=2015-08-20|work=Fox News|access-date=2018-12-02|language=en-US}}</ref> the project launched in July 2018.
  
 
==Operation==
 
==Operation==
Augur allows a user to create a prediction market.<ref name="fortune">{{cite web|url=http://fortune.com/2018/07/09/augur-coin-crypto-rep-vitalik-buterin/|title=Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether|last=Shen|first=Lucinda|date=2018-07-09|website=[[Fortune (magazine)|Fortune]]|access-date=2018-07-25}}</ref> Augur uses crypto tokens called Reputation (REP) to incentivize reporters on its network to back their reports with money (in the form of tokens).<ref name="Internationl Business Times"/> The reputation token holders are entitled to a percentage of the trading fees generated on the platform.<ref name="Internationl Business Times"/> Anyone can buy these tokens, which can be hard for the government to control because they operate similarly to bitcoin and can be owned anonymously.<ref name="foxnews"/>
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Augur allows a user to create a prediction market.<ref name="fortune">{{cite web|url=http://fortune.com/2018/07/09/augur-coin-crypto-rep-vitalik-buterin/|title=Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether|last=Shen|first=Lucinda|date=2018-07-09|website=[[Fortune (magazine)|Fortune]]|access-date=2018-07-25}}</ref>  Augur resolves these prediction markets in two stages: a prediction market stage and an arbitration stage. In the market stage users are able to trade shares between each other, while in the arbitration stage, the markets outcome is decided. In arbitration stage fees are used to subsidize the arbitration process. <ref name="AAAI">{{cite |vauthors=Fröberg E, Ingre G, Knudsen S |title=Crowdsourced Outcome Determination in Prediction Markets |year=2017 |conference=Proceedings of the Thirty-First AAAI Conference on Artificial Intelligence (AAAI-17) |url= https://www.aaai.org/ocs/index.php/AAAI/AAAI17/paper/view/14675/13807 |format=pdf |language=en}}</ref> Augur uses crypto tokens called Reputation (REP) to incentivize reporters on its network to back their reports with tokens.<ref name="Internationl Business Times"/> The reputation token holders are entitled to a percentage of the trading fees generated on the platform.<ref name="Internationl Business Times"/>
  
 
==History==
 
==History==
  
Immediately after the site launched, users had created [[death pool]]s — or [[Assassination market|assassination markets]] — on famous people.<ref name="Bloomberg" /><ref name="MIT Review">{{cite news |last1=Orcutt |first1=Mike |title=This new blockchain-based betting platform could cause Napster-size legal headaches |url=https://www.technologyreview.com/s/611757/this-new-ethereum-based-assassination-market-platform-could-cause-napster-size-legal/ |work=MIT Technology Review |date=August 2, 2018 |language=en}}</ref>
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Soon after the platform launched, users had created [[death pool]]s — or [[Assassination market|assassination markets]] — on famous people.<ref name="Bloomberg" /><ref name="MIT Review">{{cite news |last1=Orcutt |first1=Mike |title=This new blockchain-based betting platform could cause Napster-size legal headaches |url=https://www.technologyreview.com/s/611757/this-new-ethereum-based-assassination-market-platform-could-cause-napster-size-legal/ |work=MIT Technology Review |date=August 2, 2018 |language=en}}</ref><ref>{{cite news |last1=Orcutt |first1=Mike |title=The latest blockchain use case: anonymously betting on public-figure death pools |url=https://www.technologyreview.com/f/611729/the-latest-blockchain-use-case-anonymously-betting-on-public-figure-death-pools/ |work=MIT Technology Review |date=July 26, 2018 |language=en}}</ref>
  
 
Augur's user numbers dropped off sharply after launch in 2018: from 265 daily users in early July, to 37 on 8 August.<ref>{{Cite news|url=https://www.economist.com/finance-and-economics/2018/08/09/blockchains-could-breathe-new-life-into-prediction-markets|title=Blockchains could breathe new life into prediction markets|last=|first=|date=9 August 2018|work=The Economist|access-date=2018-12-02|language=en}}</ref>
 
Augur's user numbers dropped off sharply after launch in 2018: from 265 daily users in early July, to 37 on 8 August.<ref>{{Cite news|url=https://www.economist.com/finance-and-economics/2018/08/09/blockchains-could-breathe-new-life-into-prediction-markets|title=Blockchains could breathe new life into prediction markets|last=|first=|date=9 August 2018|work=The Economist|access-date=2018-12-02|language=en}}</ref>
  
In July 2018, the [[Commodity Futures Trading Commission]] noted resemblance of the augur contracts to [[binary option]]s, which would fall under its jurisdiction.<ref>{{cite news |last1=Leising |first1=Matthew |title=As Crypto Meets Prediction Markets, Regulators Take Notice |url=https://www.bloomberg.com/news/articles/2018-07-26/as-crypto-meets-prediction-markets-u-s-regulators-take-notice |work=Bloomberg |date=July 26, 2018}}</ref>
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In July 2018, the [[Commodity Futures Trading Commission]] noted resemblance of the augur contracts to [[binary option]]s, which would fall under its jurisdiction.<ref name="Bloomberg" />
  
 
==References==
 
==References==

Revision as of 05:55, 4 December 2019

This article was considered for deletion at Wikipedia on November 30 2019. This is a backup of Wikipedia:Augur_(software). All of its AfDs can be found at Wikipedia:Special:PrefixIndex/Wikipedia:Articles_for_deletion/Augur_(software), the first at Wikipedia:Wikipedia:Articles_for_deletion/Augur_(software). Purge

Template:Infobox Software Augur is a decentralized prediction market platform built on the Ethereum blockchain and the first decentralized application running on Ethereum to make headlines.[1] Augur is being developed by Forecast Foundation that was founded in 2014 by Jack Peterson and Joey Krug. Forecast Foundation is advised by Ron Bernstein, founder of the defunct company Intrade and Ethereum founder Vitalik Buterin.[2] The concept is based on the founders hopes that "it (is) nearly impossible for government to regulate 'prediction markets'" and their statement that "the market is not necessarily illegal."[3]

After a crowdfunding in August 2015,[3] the project launched in July 2018.

Operation

Augur allows a user to create a prediction market.[4] Augur resolves these prediction markets in two stages: a prediction market stage and an arbitration stage. In the market stage users are able to trade shares between each other, while in the arbitration stage, the markets outcome is decided. In arbitration stage fees are used to subsidize the arbitration process. [5] Augur uses crypto tokens called Reputation (REP) to incentivize reporters on its network to back their reports with tokens.[1] The reputation token holders are entitled to a percentage of the trading fees generated on the platform.[1]

History

Soon after the platform launched, users had created death pools — or assassination markets — on famous people.[2][6][7]

Augur's user numbers dropped off sharply after launch in 2018: from 265 daily users in early July, to 37 on 8 August.[8]

In July 2018, the Commodity Futures Trading Commission noted resemblance of the augur contracts to binary options, which would fall under its jurisdiction.[2]

References

  1. 1.0 1.1 1.2 "Ethereum-powered Augur brings its beta to Microsoft Azure's blockchain cloud" (in en-US). 2016-03-15. https://www.ibtimes.co.uk/ethereum-powered-augur-brings-its-beta-microsoft-azures-blockchain-cloud-1549630. 
  2. 2.0 2.1 2.2 Leising, Matthew (July 26, 2018). "As Crypto Meets Prediction Markets, Regulators Take Notice". Bloomberg. https://www.bloomberg.com/news/articles/2018-07-26/as-crypto-meets-prediction-markets-u-s-regulators-take-notice. 
  3. 3.0 3.1 Lott, Maxim (2015-08-20). "New tech promises government-proof prediction markets" (in en-US). Fox News. https://www.foxnews.com/tech/new-tech-promises-government-proof-prediction-markets. 
  4. Shen, Lucinda (2018-07-09). "Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether". http://fortune.com/2018/07/09/augur-coin-crypto-rep-vitalik-buterin/. 
  5. Template:Cite
  6. Orcutt, Mike (August 2, 2018). "This new blockchain-based betting platform could cause Napster-size legal headaches" (in en). MIT Technology Review. https://www.technologyreview.com/s/611757/this-new-ethereum-based-assassination-market-platform-could-cause-napster-size-legal/. 
  7. Orcutt, Mike (July 26, 2018). "The latest blockchain use case: anonymously betting on public-figure death pools" (in en). MIT Technology Review. https://www.technologyreview.com/f/611729/the-latest-blockchain-use-case-anonymously-betting-on-public-figure-death-pools/. 
  8. "Blockchains could breathe new life into prediction markets" (in en). The Economist. 9 August 2018. https://www.economist.com/finance-and-economics/2018/08/09/blockchains-could-breathe-new-life-into-prediction-markets. 

Further reading

Yay. This is how Deletionpedia v2 got started. Guaka (talk) wanted to rescue some Wikipedia articles for Coinwiki.