Support the show, consider donating: 1GW8LMkYU4iyzsa3N2vqZciY6CZJp4Pftz (http://bit.ly/2awThvF) Prediction markets are fascinating financial instruments which have proven to be accurate at making predictions on things like the outcome of elections, geopolitical events and sporting events. But in our heavily regulated financial world, they are the subject of much controversy. In 2013 for instance, a well-known US prediction market, Intrade, was forced to shut down following a civil suit filed by the CFTC. While some people consider prediction markets to be a useful tool for society, others consider them to be a form of gambling, which is one of the reasons why they have been met with such resistance in certain countries. A purely decentralized prediction market would operate outside the scope of the regulated financial world and be resistant to censorship and outside intervention. We're joined by Joey Krug, Co-Founder and Core Developer at Augur, a decentralized prediction market built on Ethreum. The project, which was initially meant to be a Bitcoin sidechain, has ported to Ethereum and is currently in beta on the Testnet. Users can forecast real-world events, such as the outcome of the US election, and earn profits if they are accurate in their predictions. Reporting on events is crowdsourced using a consensus-based system similar to proof-of-stake. Topics we discussed in this episode : - How prediction markets work - The controversy around prediction markets - The Augur project and what it is trying to achieve - The evolution of Augur - The different components of Augur - Reporting on events and the reputation token - Security, attack vectors and how they can be mitigated - Augur's business model - The ethical aspects of prediction markets - Augur's structure and governance Links mentioned in this episode: - Augur: https://www.augur.net/ - Augur Git Repo: https://github.com/AugurProject/augur-core - Augur Docs: http://docs.augur.net/ - EB139 – Martin Köppelmann: Gnosis – The Ethereum Prediction Market: https://epicenterbitcoin.com/podcast/139/ - EB97 – Paul Sztorc: Truthcoin & Prediction Markets, From Information-Overload To Crowd Intelligence: http://epicenterbitcoin.com/podcast/097/ - EB98 – Robin Hanson: Futarchy, Prediction Markets And The Challenge Of Disruptive Technology: https://epicenterbitcoin.com/podcast/098/ - EB141 – Ralph Merkle: Revolutionizing Democracy Using DAOs: https://epicenterbitcoin.com/podcast/141/ Sponsors: - Jaxx: Wallets that Unify the Blockchain Experience Across Devices http://jaxx.io - Hide.me: Protect your privacy and personal data with a free VPN account at http://Hide.me/epicenter Show notes: http://epicenterbitcoin.com/podcast/143 YouTube: http://youtu.be/_TBg5fmOXUk SoundCloud: http://soundcloud.com/epicenterbitcoin/eb-143 Epicenter Bitcoin is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy. - Visit our website: http://epicenterbitcoin.com - Subscribe to our newsletter: http://epicenterbitcoin.com/newsletter - Twitter: http://twitter.com/epicenterbtc

Support the show, consider donating: 128EF4NQNc5ZjvBZ6u11inbRE9SQyU6BPe (http://bit.ly/2eT3d3j) String Labs founders Tom Ding and Dominic Williams joined us to discuss their project DFINITY, a next-generation blockchain network. Through leveraging technological advances, DFINITY aims to deliver an infinitely scalable decentralized cloud that will be able to power applications from decentralized search to supply chain applications. We covered DFINITY's approach to scalability, interoperability, consensus as well as their sophisticated approach to governance: The Blockchain Nervous System. Topics discussed in this episode: - Tom and Dominic ended up founding String Labs - The DFINITY project and objective of an infinitely scalable decentralized cloud - How consensus works in DFINITY - Governance in DFINITY through the Blockchain Nervous System - Threshold Relay signatures and other new technologies that are part of DFINITY - The importance and mechanics of public/private blockchain interoperability - DFINITY's business model Links mentioned in this episode: - String Technology: http://bit.ly/2eyZA3E - DFINITY Shanghai Talk: http://wi.st/2ez0gGg - DFINITY Shanghai Presentation Slides: http://bit.ly/2frVj1j - Introducing Random Beacons Using Threshold Relay Chains: http://string.technology/2016/09/14/threshold-relay-random-beacon.en/ - Random Beacons in Decentralized Networks: http://bit.ly/2fScNod Sponsors: - Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io - Ledger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.com This episode is also available on : - Epicenter.tv: https://epicenter.tv/157 - YouTube: http://youtu.be/fzG9L4Ry6O4 - Souncloud: http://soundcloud.com/epicenterbitcoin/eb-157 Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.