pull down to refresh
281 sats \ 13 replies \ @ek 22 Nov 2023 \ on: Stacker Saloon
@Undisciplined @grayruby and all other prediction market stakeholders:
Didn't find time to setup LND on my server yesterday but I am doing it right now. That's why I am looking into mutinynet since they already have a faucet so I wouldn't have to create one on my own :)
Can you explain it to me like I'm 5?
reply
What exactly? Regarding mutinynet and the faucet?
Since I don't want to risk real sats on my MVP, I want to run it on signet first. But this means you can't just use your real sats since it's on a different chain / network. So I would need to create a faucet so you can pay invoices. Mutinynet seems to have dealt with this already :)
Also, using mutinynet, I can be a part of a larger network (good for testing) already instead of having to setup and manage a whole network on my own.
Does that answer your question? :)
reply
Got it
reply
deleted by author
reply
deleted by author
reply
All of our actions are gambling in a sense, because the future is uncertain.
reply
I agree, life is a gamble in general cause each action you take is a gamble
reply
Isn't it gambling in a sense?
it's gambling if you don't know what you're doing imo
is buying bitcoin a gamble? it is if you don't know anything about it and just try to "get rich quick".
same holds true for participating in prediction markets imo
weak hands get shaken out, as they say :)
reply
deleted by author
reply
Anything you can predict. Created some examples here.
reply
There are real benefits beyond gambling, and that's coming from a gambler.
reply
Good summary (quoted from the article) of why I think prediction markets could be nice:
The problem is that banging on buttons has almost no cost. So an expert’s career is based on setting up a Twitter account and subtle marketing about what correct predictions one has. Even a few incorrect predictions are easy to talk down and thus people like Krugman still have a chance to make predictions. Paradoxically, then, it’s more interesting whether their prediction produces a clickbait article, and more valuable the amount of predictions that can be made into long articles for which the journalist is paid by character count, than their reliability.
reply
deleted by author
reply