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For the things that are seen are transient, but the things that are unseen are eternal. Why write a case against Augur? Well, its pure self-defense at this point. However, if you are interested, here is a rough timeline of the key events leading up to this point:. And check out the FAQ article he wrote later:. That video claims that I had no plans to build the software myself.
For I had laid out very important design-requirements for Truthcoin, which the Augur team abandoned whenever:. Of course, Augur did make a number of changes to the core Truthcoin idea. Truthcoin has been improved in the auger bitcoin price. Casey Detrio improved TC twice, through hard work and specialization. Andrew Poelstra, after Roger Ver hired him to review the design, made minor improvements in essentially one weekend.
Countless people wrote in, to add some clarity to a auger bitcoin price line item in the Truthcoin whitepaper, for example Riccardo Casatta.
Auger bitcoin price gloss over some important details, in general getting a PhD is a ton of hard, underpaid work, for which you are eventually rewarded with the job of tenured professor. For those who get a PhD, but instead go on to work in industry, the interpretation is usually that they were unable to get an academic job.
When I met Jack, he was a something year-old, ungrateful subordinate to a ish year old college dropout. So, you had to feel bad for this Jack guy. All that analytic training, only to go entirely unused.
Certainly, the CEO complained to me that Jack did not respect him, and wanted to do everything his own way. This single change actually managed to break the entire incentive structure. I pointed out the flaw, and they eventually were forced to admit that their change was a terrible idea, and they changed it back.
Then, believe it or not, they changed that thing againand broke it a second time. Again, I pointed out the error, and again, months later they were ultimately forced to agree that they had again made a mistake.
And then, get this, they actually changed it a third time to something auger bitcoin pricewhich was again broken! What they suck up most, is my free time. They suck because the Augur team is motivated by ego and money, as opposed to a love of the technology. And you know that the real reason is just because Auger bitcoin price wants to weasel his way into taking some intellectual credit for the idea.
Some of it auger bitcoin price almost too painful to explain: I am sure that Jack is sincere in believing these things, even though they are completely untrueand I am sorry to have to point it out. Augur, despite my endless protestsis built on Ethereum.
Ethereum is a running joke among Bitcoin experts. Since transitioning from academic experiment to full-blown dishonest scam, Ethereum is laughed at at Bitcoin conferences. Therefore, market cap and, crucially, the betting auger bitcoin price margin will be prohibitively low. Crypto takes a very long time to get right; critical errors were regularly discovered in Bitcoin which was actually a finished software product when it was published in Jan and continue to auger bitcoin price discovered today.
However, Bitcoin at least has consistent rules, and thanks to the Soft Fork the security can at least accumulate over time. Ethereum is out of moneythe software will never reach a stable, usable state. The Ethereum team endorses an even bigger running joke: Today, most people have still not heard of Bitcoin. Quadruple that problem for Ethereum, as it has an even greater reliance on group s of people coordinating to switch to it. Ethereum is strategically trapped: Ethereum has only one use-case: Hopefully it should be clear by now that blockchains auger bitcoin price an inefficient databaseuseful only to get something auger bitcoin price done.
Startups can be auger bitcoin price or fined by the government in which they reside, protocols cannot reside anywhere and cannot be sued or controlled. For security reasons, all Bitcoin software must be open source. However, open source software can be used for free, by definition.
The startup must get revenues from non-software sources…but this discourages them from working on improving the software! Whatever this clueless response from Jeremy Gardner is: Basic principles of software modularity, security, collaboration dictate that this be done.
Augur used a crowdsale. Crowdsales are horribly immoral and produce incentives which guarantee failure. It was smart of them to refuse, of course, because all of them would have gotten crushed. Still, I typed up some of the material hereway before their crowdsale took place, to try to help the public make an informed decision. Now, the sheer volume of concealed-incompetence is too vast, so I will just focus on two items 8 and Anyway, the May list contains me!
In fact, I was listed 2nd, despite my being largely unknown in Bitcoinland at the time. He was such a big fan that he invested some of his own money in Augur. Hanson is The Man, godfather of modern prediction markets, and runs one of the greatest websites on the internet. He played a large part in the creation of InTrade. Since it failed, he has been trying heroically to resurrect it as have I.
He heard about my project from this tweet in June and emailed me to talk. Months later, I told him about the different teams working on Truthcoin, including Augur. Augur had lunch auger bitcoin price him in NYC once, and asked him if they could use his name on the website.
Othman is a researcher who works with the math behind Market Scoring rules. MSRs are just a single formula, and he already published his good forumlas.
Houman Shadab is some lawyer. He seemed like a nice guy…for all I know, he gives good legal advice. And yet, Augur constantly is using the adviser list auger bitcoin price feign some kind of exclusive relationship with these people, which does not exist. Given that he never accepted the debate offer, this is the closest he ever auger bitcoin price to responding to the numerous, extremely-important objections I raised there. I mean, one can still dig up auger bitcoin price of this confirming information with mere Google searches:.
And on and on it goes. For example, this perplexing GitHub documentation:. Python is a great programming language. It is popular to use, easy to read and write, and relatively easy to keep secure. The Bitcoin Developer community is pretty important; this is no time to start a Language Debate. Zack was one of the first to fall in love with Truthcoin in earlyand poured all of his free time into understanding the idea and building it into a python blockchain.
Purely motivated by a love of the tech and a vision for the future, Zack who lived quite modestly, and -I suspect- has something of a stressful life was volunteering, in his spare time. The Augur team had money, and were generally clueless, so I tried auger bitcoin price pair them up in late Augur hired Zack, and Zack spent 3 months walking them through Truthcoin protocol and his python auger bitcoin price.
Zack was highly underpaid, in my view. At least two people were making 2. Believe it or not, Augur forced Zack to sign something so that he would be unable to discuss the software code with non-Augur employees. Zack would even auger bitcoin price banned from using the Truthcoin forumwhere Zack currently has posts over a period beginning May It could only be changed with a shareholder vote yuck!
Of course, all of his work stayed behind! Instead auger bitcoin price waited for Zack to quit, hired a new python developer, and somehow ended up with auger bitcoin price Truthcoin consensus system written in python! Augur constantly pitches this system as some kind of startup organization, when it is nothing like a startup organization at all.
They act like it is a big deal to certain people as advisors, when in reality, these people know almost nothing about what Augur does and are just trying to be supportive in general, or have ulterior motives. Vitalik Buterin, for example, is actually an angel investor in Augur. Crowdsale-victims transferred money from auger bitcoin price, to Vitalik. Obviously I am not happy to think that I could have contributed, even indirectly, to this scam, by publishing the ideas which Augur used, as an open proposal under the GPL and later MIT licenses.
I certainly made an effort to advise people not to participate, which was time-consuming, and this advice was at least, partially ignored. There is just something auger bitcoin price Bitcoin that causes people to want to give their money to scams. It quickly crashed below-the-Dogecoin, and is presently circling the drain of its final destination of zero.
No one complains when they make money on a risky gamble. Anyone who had done any due diligence would have known that Augur would be worth zero. Few experts ie code-literate technical people were fooled:. It might as well go to them instead of be wasted on some other scam project. BitShares is a protocol which relied on prediction markets despite the fact that the creator did not understand what prediction markets were or what he was doing.
However, Erik Voorhees is a bit of surprise. He apparently invested with Augur, out of at the time at least three better teams.
