🚀🚀 Cryptoguy 🚀 🚀

TLDR- A fully open, decentralized and permissionless prediction market application on Kaspa. In the last few months I have been working with @maxibitcat mapping and coding his proposal for a permissionless prediction market into an Argent app. He proposed a voting resolution mechanism that utilizes a lottery to incentivize the losing side of a binary market to vote honestly (see more in his original post). It felt like a great use case for KCC20 tokens. A prediction is held as a tradable, fungible KCC20 token representing the prediction asset, with extended logic to support voting. A few things worth sharing: 1. Argent is a fantastic tool that enables coding this complex covenant system with ease. This idea could also be written as a single EVM program, but when mapping it to the state machine it actually is, it feels natural and obvious to implement it as a UTXO covenant application (image attached). 2. It’s exciting to draft an application that is completely decentralized and open. Everyone would be able to create and participate in any market they wish, while also running their own application code There will be no owner and no beneficiary. The system is completely open, would only benefit the network miners, and would encourage honest participation. 3. The system’s openness and current implementation tie the security of a market to its size. Small-cap markets could be manipulated more easily. Inevitably, people would lose money in this social experiment. 4. I aim to release a mainnet version around the end of this year.