This video details what is Augur, how it solves the risks and limitations of centralized prediction markets, how the beta works, why it's valuable, and why rep is valuable.
What is Augur? (0:16)
What is a prediction market? (0:26)
Risks and limits of current markets (1:25)
Augur's solution to current problems (2:47)
how does augur work:
Creation (4:14)
Trading (7:28)
Reporting (8:18)
Disputes (8:59)
Forks (10:12)
Settlement (11:17)
Why is Reputation (REP) Valuable (11:50)
Why cant Augur just use Ethereum instead of REP (12:00)