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   479

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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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   192

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.