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in #markets7 years ago

It is nice to see some one trying to create derivatives off of various cryptocurrencies. I would say if enough people provide liquidity, we might be able to benefit from some prediction markets, at least we can measure some volatility. Who knows where this might end up. We will also be able to play the short side of the markets. Other currencies and commodities. Could even become another CBOE to rival Chicago exchanges.

I think that @thegame's fee is a little high. But the nice thing about having the blockchain market in charge instead of some regulatory body, anybody can provide the derivative. Start doing the same thing, but reduce your fee. We could have hundreds of feeds.

You know you heard it here first and here.

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Agree that the fee is high initially. Will reduce the fee soon and read your other posts. Thank you for the feedback.

If i was you I wouldn't adjust down your fee, until you get some competition. Right now you are ahead of your competition, so I would be thinking about how to stay ahead. Another thing that you have that the competition does not have is data. Use it to make your product better. One of the things I was thinking is possible a weekly update sheet about accuracy of selections and distributions of rewards. You are providing a very good service to the community.

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