Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Augur alpha test: decentralized prediction markets
by
Benjig
on 03/10/2015, 11:44:05 UTC
Well it seems like many people missed this train, let's do math:

The final price was around 400 rep/bitcoin (230 usd)

With 3 bitcoins you own a little more than 1/10,000 of total reps.

Rep will get profit from fees.


In a conservative scenario where each month only 3 billion usd are wagered on this, ( today there are single sport events where more than that is wagered on a single day, i think the total amount wagered worldwide on sportsbooks and prediction markets is around 100 billion/month but who knows, it may be even 500 or 1000 billions.)

Let's take a 1% fee of that, that is 30 million usd.


Distributed into 10,000 parts the result is 3000 usd.


So with 3 bitcoins (690 usd) you had the opportunity to make at least 3000/month without doing anything.


Obviously all this is on the supposed scenario where they deliver and it goes successful after it.

@cjmoles, this project is not dead, just dont expect noise in next few months unitl they launch... you will see more stuff about this on the ethereum forum than here.