We recently caught up with Tony Sakich of Augur – here’s what he had to say…
First of all, tells little bit about what Augur is all about.
Augur is a decentralized prediction market platform, the end result will be to change the manner information consensus is collected and aggregated.
The bitcoin space is growing fast, where do you see Augur fitting into the overall infrastructure?
Our goal it so supplement existing prediction markets with one that is decentralized which will increase the quality of potential outcomes.
Is there anybody at the company that are users may be interested to hear are involved?
Jeremy Gardner from College Crypto Network, Dr. Jack Peterson from UCSF, Joey Krug, Scott Leonard and Chris Calderon round out the whole team. We have other impressive advisors including Vitalik Buterin from Ethereum, Dr. Robin Hanson from Consensus Point along with many others.
How does the technology work?
It’s basically a blueprint for a decentralized prediction market using Bitcoin’s input/output style transactions. There is much more detail that can be found by reading the Augur White Paper: http://augur.link/augur.pdf
Where do you see bitcoin in 10 years – first in terms of value and second in terms of where it will fitting into both online and off-line commerce?
I purposefully do not make any comments on Bitcoin’s value in terms of buying power as Hayek once said “with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information.” Regarding where it fits in to commerce, there will be a cryptocurrency that is the backing for all value-based information transactions. A developer deep into crypto may be a better person to provide this answer, from the business-side, there is always a good chance that a new technology could take over as a standard.
What, as bitcoin enthusiasts, should we be doing to get ourselves prepared for this future you speak of?
Begin to understand how decentralized computing works, learn about the block chain and don’t think you need an advanced degree in mathematics, software development or computer science in order to understand this. Decentralized networks give power back to people, they are in their infancy and have many bugs but it’s been about 6 years and no one has broken the bitcoin protocol yet, that is truly impressive.
How can our users find out more about your company?
Check out Augur.net for all the latest on what we are doing, we have not done a full rollout or anything yet but we want to start getting information out there. Personally you can check out my twitter @TonySwish and you can learn a little bit more about my Marketing Consultancy, Putting You Over at https://www.linkedin.com/company/putting-you-over.
Is there anything you’d like to add?
Be sure to stay up to date on Augur.net for the latest updates and follow Augur on Twitter at http://twitter.com/augurproject