One million jobs: Successful traders can do it as a job. Every job that involves nothing more than decisions making can be replaced by a trader. Doctors, Governors, CEOs, various boards and counsels, Congressmen, Supreme Court Judges, etc. are all in danger of being replaced by anonymous, potentially uneducated, traders.
Diversity/Developing Countries: It will give modern financial instruments to everyone with internet connection. Insurance to hedge everyone's risks.
Enterprise Software: prediction markets are very unconnected today. Each business has a separate in-house prediction market built. They have to be heavily regulated.
Truthcoin makes prediction markets as available as google or facebook.
Financial Services: prediction markets are a financial service. They are illegal. Use of a blockchain circumvents the law against prediction markets.
As if Child Protective Service has anything to do with protecting children. Orphans are very profitable. Charging people with crimes is how police, judges, and prison guards get paid.
It just happens to be 600 lines right now, and it is now functioning properly.
I am hoping that it's small size will make people less afraid to take part.
I am not trying to do it in the minimal lines possible. It just happens to be that short.
my implementation: https://github.com/zack-bitcoin/Truthcoin-POW
Science/Drug development: truthcoin allows for a new method of funding public goods that is far more impact per dollar than taxes.
Government: http://hanson.gmu.edu/futarchy.html
One million jobs: Successful traders can do it as a job. Every job that involves nothing more than decisions making can be replaced by a trader. Doctors, Governors, CEOs, various boards and counsels, Congressmen, Supreme Court Judges, etc. are all in danger of being replaced by anonymous, potentially uneducated, traders.
Diversity/Developing Countries: It will give modern financial instruments to everyone with internet connection. Insurance to hedge everyone's risks.
Enterprise Software: prediction markets are very unconnected today. Each business has a separate in-house prediction market built. They have to be heavily regulated. Truthcoin makes prediction markets as available as google or facebook.
Financial Services: prediction markets are a financial service. They are illegal. Use of a blockchain circumvents the law against prediction markets.