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210 sats \ 9 replies \ @SatsMate 22 Jun \ on: Miners Mostly Lose — Bitcoin Prediction Market for Miner Insurance and ROI BitcoinPredictionMarket
This is super cool! Brings the betting side out in me. I wonder if there are prediction markets for other areas of Bitcoin (such as price action, base layer sats/vb or L2 volume). Some speculators will definitely move to this area.
In the end though, I think it is good to work towards diversifying these pools even more. We don't want censorship, and the incentive structure has centralized these pools. Let's keep brainstorming and working towards more distribution. Cheers!
Absolutely: difficulty, tx fees, block weight, public Lightning network channel capacity are all super important economic indicators for the Bitcoin network. We plan on creating betting markets around all of them to enable hedging of core risk by any Bitcoin businesses (mostly miners to start). We're starting out with mining pools/block reward just because it's the easiest/most obvious, but we see plenty of very interesting prediction markets that can be created alongside this one!
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@HYPERBITCOINZATION Tried it out with a tiny amount of sats (21). I put no for AntPool on block 849103 and didn't get a payout. I think it was 5% for the reward? Curious if payouts are aggregated and end of day? Maybe I did something wrong...