Post
Topic
Board Announcements (Altcoins)
Re: Gnosis - the decentralized prediction market platform and oracle standard
by
gnosisPM
on 19/08/2016, 22:32:26 UTC
I just finish watching the presentation: Very good.
The HQ will be allocated to Berlin mostly because the Co-founders are from there and be able to hire talented Engineers.
Good luck.

Thanks Sam! Yes, this is accurate.

After watching introductory video I am still not sure how this project will work exactly.
Do I understand correctly that his is some kind of booking platform when you bet your money on events and if you are correct you earn more?
It will be linked to Gnosis Coin in the future?

Thanks for asking. This video: https://www.youtube.com/watch?v=MtF8d9ZB4Wo gives more detailed explanations. It is a decentralized prediction market, so there are p2p odds, any event can be bet on. So in short, yes.

Don't think it has to do anything with betting.More like a prediction market for the traders if I understood it clearly.I'm excited about the idea but the fact that its based on ETH,holds me back from looking into it any further.Call it my own insecurities!

Prediction markets support an incredible variety of applications. Betting is just one of these. We strongly believe that ETH is the future of decentralized applications, but completely understand that there is a range of opinions on this topic. Thanks for taking a look anyway!