tonysakich

It's great seeing more interest of this on here, hope it leads to more interest in other Ethereum projects in the future.

Hey thanks for sharing our project on this post! Just wanted to clear something up from what you said.

Augur's native token is not what is used to create markets, Augur's token is Called REP (short for Reputation) and holders of the token actually serve as reporters that serve as the basis of our decentralized oracle system.

We created a few resources to explain how REP works including how REP holders are rewarded for reporting the truth/punished for reporting lies. We created a short two minute animated video to explain this process you can check out here: https://www.youtube.com/watch?v=sCms-snzHk4.

Additionally there is a great resource going into much further detail about Reputation as well as an infographic to visually illustrate the process here: http://www.augur.net/blog/what-is-reputation

Finally feel free to reach out if you have any other questions. The Augur Alpha is out at http://demo.augur.net and our code is on github at http://github.com/augurproject

I'm a member of the Augur team and just wanted to introduce myself, my name is Tony Sakich and I handle Marketing and some Business Development. I'm a long-time lurker but have recently made a few posts about Augur, trying to only post informative updates, of which is this one so I'm glad it was posted by a friend.

We've had a pretty great 2015 and we have also made some other updates that we didn't focus on due to the crowdsale's success. Augur is moving toward partnership with IBM Watson and that we have been in discussion with four major European banks have verbally expressed interest in participating in the crowdsale. These items and much more are in the post which I encourage anyone interested in the project to read.

Additionally, if this post picks up some steam on the dialogue front, I'm going to reach out to our lead developers to answer some questions if possible.

The ending of the crowdsale meant that the primary focus immediately shifted completely to Development. The Open Source nature of Augur is essential for the project to exist, so we hope that there are some interested in contributing within this community. If anyone would like an invitation to our Slack group please just contact me and I can make it happen. I'm @TonySwish on Twitter and the project itself can be found @AugurProject on Twitter and on GitHub at https://github.com/AugurProject. The official website is http://augur.net and the demo is at http://demo.augur.net

I didn't want to make a post like this until the crowdsale was over as for us getting contributors to the project is our #1 goal.

Add http://decentralize.fm and Floss Weekly up there for me.