Quote from: HeliKopterBen on May 29, 2015, 12:10:57 AM

Quote from: molecular on May 28, 2015, 06:28:41 PM

Quote from: HeliKopterBen on May 28, 2015, 10:25:48 AM

Quote from: molecular on May 28, 2015, 06:20:10 AM

Quote from: TPTB_need_war on May 28, 2015, 06:11:59 AM

Quote from: molecular on May 28, 2015, 05:58:58 AM

Quote from: HeliKopterBen on May 27, 2015, 07:28:37 PM

Pretty bold claims from Middleton, but I have tried it and it works, at least in a beta phase, not vapor phase or proof of concept phase, but beta phase. You can trade all tickers that Cypherdoc mentions on here.

I still don't understand how the tickers are fed into veritaseum to settle the bets. Can you explain that?

Saying "it works" without understanding how it works is short-sighted.

Twice or thrice I tried to find technical documentation (wading through all the promotional crap) and was stifled, so I assumed it is centralized bullshit.

That's my assumption, too... until it's explained how it works and it works in a way I can trust (which I doubt, but I've been wrong before).

If it's Reggie typing in 50000 tickers every hour then there might be no "counterparty risk", but there's plenty of other risk.

EDIT: I PMed him, maybe he'll show up here and explain. If not, it hardens my assumption.

It works from an end-user standpoint, which is more than I've seen from any other project. Tickers prices are fed through an oracle, which is centralized. Also, the code is not open source... yet, which i cant blame them for not wanting all their work to just be copied into another system. In a nutshell, it appears to be blockchain.info 2.0. The blockchain.info model has proven to work thus far with zero trust issues, but we will just have to wait for more info to become available.

Thanks for the info regarding the centralized oracle.

I don't understand your comparison to blockchain.info.

I compare it to blockchain.info in that users retain control of their keys while using the service but without running a full node themselves - it is much more convenient and less resource-intensive. Of course it's not a Web client but they may have plans for that.

@Reggie Middleton
Do you have plans to develop a hosted Web interface for your product?

We have an API and will encourage others to do that. We have started looking into doing it ourselves as well.