Ratimov isn't a shitposter, and I'm not convinced he's a plagiarist.  Not sure why you've built up such a grudge against the guy.

Augur is a very complicated system, so if you want to find out all the little details of it you should look at their whitepaper. For a high level understanding let’s review a simple case of using Augur.

- Anyone can create a market. Essentially, this is like asking a question that can be either a multiple choice question or, for the sake of simplicity, a binary question. For example, Will 1 BTC be worth more than 1,000,000 USD by end of day December, 31st 2020.

- Until the market ends (December 31st, 2020), anybody on Earth can bet on either “yes, it will be worth more” or “no, it won’t be worth as much”.

- When the market ends the person who created a market will act as the oracle for it.

- If they provide the truthful answer there is nothing that needs to be done. Simply wait until the dispute period is over (3-10 days) and collect your payout.

- If they provide a wrong answer, or somebody disagrees about a technicality (e.g. there was no timezone specified, so which price over a 24 hour period should the oracle pick?), a dispute gets opened and that’s where the $REP tokens come into play.

REP token holders act as judges in this case and they vote on which outcome they think is the right one, and the majority decides on which outcome the system will think is correct. Those who have voted for the correct outcome get a financial reward, those who voted for the wrong answer do not. This financial incentive for every vote, combined with “Augur is working and trustworthy = REP price goes up”, is what secures the Augur decentralized oracle.

To summarize, in Augur whoever created the market acts as the oracle, and the REP token holders act as judges in a court - they review disputes and make sure that oracles do not liep-

Augur is a very complicated system, so if you want to find out all the little details of it you should look at their whitepaper. For a high level understanding let’s review a simple case of using Augur.

Anyone can create a market. Essentially, this is like asking a question that can be either a multiple choice question or, for the sake of simplicity, a binary question. For example, Will 1 BTC be worth more than 1,000,000 USD by end of day December, 31st 2020.
Until the market ends (December 31st, 2020), anybody on Earth can bet on either “yes, it will be worth more” or “no, it won’t be worth as much”.
When the market ends the person who created a market will act as the oracle for it.
If they provide the truthful answer there is nothing that needs to be done. Simply wait until the dispute period is over (3-10 days) and collect your payout.
If they provide a wrong answer, or somebody disagrees about a technicality (e.g. there was no timezone specified, so which price over a 24 hour period should the oracle pick?), a dispute gets opened and that’s where the $REP tokens come into play.
REP token holders act as judges in this case and they vote on which outcome they think is the right one, and the majority decides on which outcome the system will think is correct. Those who have voted for the correct outcome get a financial reward, those who voted for the wrong answer do not. This financial incentive for every vote, combined with “Augur is working and trustworthy = REP price goes up”, is what secures the Augur decentralized oracle.

To summarize, in Augur whoever created the market acts as the oracle, and the REP token holders act as judges in a court - they review disputes and make sure that oracles do not lie.