Augus retweeted
Starting with @AugusLSN (@AugurProject) on the difference between prediction markets and gambling:
"In a casino, the house always extracts. In a sportsbook, the odds are negative-EV by design
A real prediction market is an open order book. Nobody inside the protocol has a privileged position over you"
And on whales pushing the odds in their own favour:
"Sure, with enough money you can push 40% to 80%
But lying to a prediction market means putting your money on the table for everyone else to take"
Meritocracies are a beautiful thing
🎙️ "Crypto is a Swiss Army knife for freedom: it's decentralized, permissionless, trustless."
That's how Phill ( @AugusLSN ), co-founder of the Lituus Foundation and steward of @AugurProject, frames the cypherpunk case for crypto
Hear why this DevNTell clip 👀
Augus retweeted
DevNTell - @AugurProject: The Decentralized Layer for Prediction Markets feat. @AugusLSN | Host: @narb_s xitter.cf/i/broadcasts/1qxvvvQgq…
Augus retweeted
We’re glad to share this one.
@krakenfx has been one of Augur’s longest-standing exchange partners, including during its hibernation.
We’re grateful for their support of REP holders and for their broader commitment to decentralized, open-source software. The space could use more of that.
REP holders on Kraken are covered. You don’t have to do anything. The migration will happen automatically on their end.
support.kraken.com/articles/…
Who are you trusting to resolve your prediction markets?
The team? Few Token Whales? Some security council?
You should instead trust in the open market. Thats Augur.
Augus retweeted
GM. Lituus Labs is proposing a new Augur.
A modular, cross-chain oracle — open to any use case, not just prediction markets.
Pay a fee. Ask a question. Get decentralized truth.
Read the proposal and share your thoughts 👇
medium.com/@lituusfoundation…
Augus retweeted
gm. Augur is Back.
The Lituus Foundation is reviving Augur, the pioneering decentralized oracle that brought crypto prediction markets to life.
Augur’s oracle ensures economic security with a decentralized system of incentives. $REP holders compete in a permissionless, trustless escalation game where honesty is the most profitable action.
As prediction markets scale into the billions, the risks of censorship and manipulation grow. Augur solves this with a specialized, immutable oracle—free from corruptible councils or emergency backstops. Without it, the potential of prediction markets to deliver unbiased information remains limited.
Two development teams are leading the charge:
Lituus Labs(@AugusLSN): Will apply new technology and learnings to modernize and improve the oracle, starting with exploring a low-fee L2 deployment.
Dark Florists(@MicahZoltu): Committed to building censorship-resistant prediction tools on Ethereum Mainnet, their first initiative will be an AMM-like streamlining of the trading experience.
We invite developers, thinkers, and contributors to join us on this journey. Let’s shape the future of informational finance together — decentralized, permissionless, and unstoppable.
Come join the discord and get involved!
My personal Turing test for AI would be a solution for one of the Millennium Prize Problems.
Undeniably net-new content, solve P=NP and change the world.
Had ChatGPT analyze last year of stock data to determine the best strategy.
It told me to place a market buy on VIX at 2:13PM EST every Wednesday.
Sharpe of 6.9, I'm gonna be rich!
I lend money to Bob, Bob lends the money to Alice, Alice loses the money, and now Bob can't make me whole.
Whose fault, and who's on the hook?
#PoS is a more significant net benefit to society and the right way forward.
However, #Ethereum #Flippening impact on miners whose lives will be uprooted deserves consideration.
Is this their reward for fidelity?
What kind of a brokerage policy allows short selling valued at multiples of daily volume? @FTX_Official
The #CelShortSqueeze strategy will work for any illiquid coins that have a high short float.
The retail gains may be temporary, but the losses for shorters are permanent.