Quote from: ForkThis on October 03, 2018, 07:42:32 PM

Today I listened to a podcast that spoke about the prediction markets (the podcast was in the "Everything EOS", I was trying to learn about that chain, but they also spoke about this other topic).

So, the argument was that prediction markets were able to align the need of the people that were informed and prepared with the interests of the average Mike out there. So this is how:

- It has been proven that recurring to predictions in groups is quite successful when trying to predict results or events. For example, the winner of a race, the next president, etc...
- In prediction markets you have to "put your money where your mouth is". So you don´t simply say that "The L.A. Lakers will win", you also put a collateral, a bet basically on it.

That means that only people who have some idea of what is going on will "stake" and they will for sure try to get it right.

The only "coin" I know that deals with this is Augur, and I am interested in knowing about others.

But remember that it is still a prediction.
There is always a possibility for it to go the other way which happens much that is why people are getting confused with what they will support.

Stakes or bet. Yes, the one who believes in one project and talks about it too much means he might have some bet for it or there is already money included and he needs to keep on doing it just so to pull more investors or others that could also do the same thing as how he does it.
Again with a "but", be careful with FUD or fake news. It could just be one way to pump a token or a coin so that he could get out.

In the end, it is your choice. Just do be careful on picking one. Anything could happen in the crypto world.