Quote from: dragonballq on April 03, 2018, 09:48:51 PM

Quote from: OfficialAmulet on April 03, 2018, 07:18:09 PM

Quote from: dragonballq on April 03, 2018, 05:28:02 PM

very impressive white paper. i struggled with some of the mathematics in the later sections but overall very clever concept Cool

however, why would experts want to use your platform? Huh

i believe experts (like john mcafee) don't want to be held accountable for the crazy predictions they make. this product would only highlight how many times they are wrong

Mass adoption of Amulet by experts will come from their audience demanding they stand by their advice and cryptographically sign their predictions to the blockchain.

However, in the meantime, there are numerous direct benefits for experts to start using Amulet:

Standing Out: There's a lot of noise in the crypto space with everyone claiming to know what they're talking about. But no one can really prove that their advice is worthwhile. Experts using Amulet will be able to differentiate themselves by having a provable track record that shows how often they've been right. A lot of people are losing faith in crypto, and experts who stand by their words will help restore that faith.

Direct Rewards: Experts will also be compensated directly when they make correct predictions for the users of Amulet.

Earn a Market Rate - Reliably: As an expert becomes more and more accurate they can build a stronger case for why their advice should cost large sums to access.

Everything I've described will be released in the next couple of weeks, so you'll be able to see and use the technology yourself.

thank you. this makes sense. who compensates experts for their predictions? what do they compensated in?

There are 2 primary ways that experts get compensated:

Directly by the Smart Contract: If experts make an accurate prediction, they get automatically rewarded with Amulet tokens (XAM). The amount they get rewarded is based on the importance of the prediction which gets determined by investors via an auction. Section 2 in the whitepaper discusses this in greater depth, but I'm happy to expand on this further if you'd like.

Offchain by Investors: The Amulet website (amuletplatform.com) will host a content platform where experts can publish their predictions and analyses. Investors will be able browse experts by their accuracy rank (calculated from the Decentralized Reputation Ledger) and purchase content from them via XAM. However, experts are not limited to use the Amulet website. Third-party website can also integrate with the Decentralized Reputation Ledger (via our open-source SDK) and create marketplaces of their own.