justacat
Joined 11 years ago
Joined 11 years ago
Fees on the Augur protocol go directly to the market creator and REP holders who report and dispute outcomes. The Forecast Foundation does not recieve any fees from actions, trades, markets or use on the Augur protocol.
I guess this has to do with them being a decentralized marketplace, which as the article discusses does have some cool perks.
In the USA, PredictIt.org is a site that is also aimed at prediction, but they take a 10% fee on profit, and then a 5% fee on withdrawal. Seemingly a lot more volume on their markets than Augur at the moment, with some of their markets having hundreds of thousands of shares traded, and thousands of comments.
https://www.predictit.org/About/HowItWorks?page=home
Edit: After I posted I now see that Gibsons77 gave a better and more concise answer to the question
Wait, did Elon not know about them and then just got them deleted upon finding out?
As well, I've adopted the practice of avoiding any eating after 7pm.
These two things combined resulted in me going from the 150s down to the 140s, seemingly only losing fat in the process.
All anecdotal but it has been more than enough to convince me that sugar (despite my deep, deep, deep, love for it) is not good for me.
I assume that I'm not alone in this feeling.
I wonder how differently the world would look if companies didn't operate like this.