Quote from: P-Funk on October 03, 2015, 12:08:47 PM

Quote from: Benjig on October 03, 2015, 11:44:05 AM

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.

(bolded by me)
Good luck. Keep in mind there's always going to be competition.

Yeah but on this things you know the first or the main always get a huge share, just see the mcap of bitcoin compared to all the rest of alts.