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   1787

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.

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   462

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.


Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.