100 sats \ 3 replies \ @Thereal 19 Sep \ on: ⚡️ A Bitcoin-native prediction market powered by sats and Lightning is here! lightning
What on your platform should I not overlook
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1 sat \ 2 replies \ @mega_dreamer OP 19 Sep
Great question! One key feature you shouldn’t overlook is the ability to participate in micro-markets using sats. Unlike other platforms using USDC or fiat, we let you trade and bet with just a few sats, making it accessible to everyone.
Another standout is our long-term markets denominated in Bitcoin, a deflationary asset. This means your winnings could appreciate over time, unlike with fiat-based markets.
Please remember, we are still a custodial platform, which comes with its own risk and reward. While we handle your funds for now, this setup allows us to offer instant payouts via the Lightning Network, but we’re always working to improve and ensure security.
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100 sats \ 1 reply \ @Thereal 19 Sep
When can I anticipate receiving non-custodial service?
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5 sats \ 0 replies \ @mega_dreamer OP 19 Sep
We’re actively working on finding the best non-custodial solution. We've been collaborating with the team at THNDR Games to explore non-custodial betting through their wrapped invoice architecture, while also experimenting with DLP on Lightning for an optimal user experience.
Here’s a look at our roadmap, which may evolve as we refine our approach:
  • Release 1: Simple binomial markets with YES/NO options and single outcomes. Q3 2024
  • Release 2: Polynomial markets with multiple outcomes. Q4 2024
  • Release 3: Integrate non-custodial betting through THNDR's API, DLP, or another emerging Layer 2 solution. Q1/Q2 2025
That said, we believe the concept of a fully non-custodial prediction market solution has limitations. Even if a non-custodial setup is in place, it hinges on accurate market resolution by oracles. If an oracle resolves the market incorrectly, the non-custodial aspect becomes irrelevant, as the core outcome is still compromised. Whether it’s a single centralized resolver or a group of 20 decentralized individuals, the risk of human error, manipulation, or bias always exists. Humans can be influenced by emotions, greed, or fear, which can lead to unfair resolutions.
Our priority is to strike the right balance between offering secure, fair, and transparent markets while acknowledging these inherent challenges in the prediction market space.
Disclaimer: We've used ChatGPT for grammatical corrections and formatting.
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