Augur to be Criticized as 'Assassination Markets'

Users of "decetralized totalizator" make bets on deaths of celebrities and even a terrorist acts
26 July 2018   753

On the Internet there was a criticism of the Augur platform, which is called a "decentralized totalizator". Users express indignation over the possibility of creating bets on the death of a person, as well as the likelihood of committing terrorist acts. This is reported by Bitsonline.

One of the bitcoin developers Matt Odell in his Twitter commented on the appearance, he said, of the "market of assassins" on Augur

Matt Odell Twitter
Matt Odell Twitter

Users of the Augur platform make bets on the date of death of people such as Warren Buffett (head of Berkshire Hathaway), Jeff Bezos (head of Amazon), Betty White (American actress and TV presenter) or US Senator John McCain.

And Larry Chemak from Diar found even more controversial rates. So, users vote whether Donald Trump will be killed during his presidency, and whether there will be shooting in the US with more than 4 killed before the end of 2018.

Larry Cermak Twitter
Larry Cermak Twitter

Because if you provide financial incentives to commit crime there will likely be a tipping point at which someone cracks and feels incentivized enough. Keep in mind there are already deranged killers out there who are currently unpaid... this gives them an income source.

Jackson Palmer

Founder, Dogecoin

Representatives of The Forecast Foundation, Augur developers, emphasize that users are responsible for making predictions.

Markets on Augur are created by individual users of the Augur protocol. The Forecast Foundation does not operate or control, nor can it control, what markets and actions people perform and create on the Augur protocol. People who do create markets using the Augur protocol must ensure they’re in compliance with all their local jurisdictional laws, rules and regulations.

Forecast Foundation 

The launch of the Augur mainnet took place on July 10. Over a week the turnover of transactions exceeded $ 1.5 million.

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Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   155

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.