This is a distributed prediction market built on the Ethereum blockchain. This form of prediction
market is not a proven technology just yet. The technical questions are not about the inherent functions
of the market of placing and recording bets, but rather the issues of scaling with success, and whether
the system itself can be 'gamed'. Prediction markets work on the assumption that the crowd is going to
be more consistently correct about predicting the outcome of visible future events than any given
individual. While true in concept, implementation of the idea in software usually begins as some form
of collective betting pool. Without regard to the design chosen, the growth of such markets brings
problems both in recording and matching the 'bets' on the future, as well as the 'flattening' of the
accuracy curve for the marketplace in general.
A growing niche of actual business being conducted on the Ethereum blockchain, and in that sense,
certainly in the 'necessary infrastructure' category for cryptocurrency. Examine the offerings in this
space carefully for approach taken in the software as these can vary greatly with some inherent
limitations in each as potential limiting factors.
Augur has good language showing up, and due to its name, does have representation within our
predictive linguistics data processing approach. Vulnerabilities include increasing competition,
potential to keep up with success, and potential for their system to be manipulated. This is true of all of
the players in this space, and Augur is not being singled out in these respects.
Acquire this space for long term value growth.
Cautious acquire this coin. Review quarterly or with news.