Re: WARNING: crypto-currencies are very likely going to experience a crash soon
WOW....
all these prediction would be fit perfectly in augur... LOL
Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact.
I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker.
augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense.
True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm.
There is a lot of bullshit floating around in this forum.