“The purpose of Augur is simple but powerful. It will allow any Ether holder to wager money on any future event of their choosing. If the event doesn’t yet exist, anyone can make an event for people to place their bets on. Software built on “wisdom of the crowds” will set the probabilities, collect the Ether bets, and finally, reward the winnings. Because of the ease in which this can be set up, the price for actually running the show is exceptionally smaller than that compared in the average bookie. Only one percent is going to go to the Ether bookie, which is ten times lower than the average today if you go to Vegas. However,”


Jeff Reed, Investing in Ethereum: The Essential Guide to Profiting from Cryptocurrencies
Read more quotes from Jeff Reed


Share this quote:
Twitter icon

Friends Who Liked This Quote


To see what your friends thought of this quote, please sign up!

0 likes
All Members Who Liked This Quote

None yet!


This Quote Is From

Investing in Ethereum: The Essential Guide to Profiting from Cryptocurrencies (Investing in Ethereum, Blockchain, Fintech, Smart Contracts) Investing in Ethereum: The Essential Guide to Profiting from Cryptocurrencies by Jeff Reed
20 ratings, average rating, 1 review
Open Preview

Browse By Tag