reply on: Predyx | Advanced Prediction Markets with Lightning Network Integration \ stacker news ~oracle

233 sats \ 10 replies \ @mega_dreamer 4h \ on: Predyx | Advanced Prediction Markets with Lightning Network Integration oracle

Hey @ek, Thanks for sharing!

I'm the co-founder of Predyx and I'm here to answer any questions SN folks might have.

117 sats \ 3 replies \ @ken 4h

Hi! Not sure where to report a bug:

I had 500 sats in my cash balance, and when I tried to buy a position, it debited the sats from my cash but didn't add the position to my portfolio.

Otherwise, great concept!

36 sats \ 2 replies \ @mega_dreamer 4h

Thanks for reporting the bug - I've noted it down, it seems payment from internal wallet is failing for some users. Our developers just went to sleep after a long day. We will fix it as soon as they wake up. Meanwhile if you want to continue playing, please use external wallets to pay for the bets. Please let me know which market was this for, and we will either refund you or issue shares of that market.

23 sats \ 1 reply \ @ken 4h

Awesome, thanks for looking into it! I was trying to buy 450 sats on the yes side of "Bitcoin above $60,000 on October 25?"

Shares are fine, since we both know that bitcoin is going to be above $60,000 on October 25th :D

42 sats \ 0 replies \ @mega_dreamer 4h

Great, we will promptly issue you 450 shares of "Bitcoin above $60,000 on October 25?" as soon as any of the devs wake up.

Yes its an easy market we created so that people can have fun in the early days :)

100 sats \ 1 reply \ @User21000000 50m

Hey why do you call them predict instead of bet? It’s essentially betting on these outcomes? Is it to distance yourself from the betting world or ? Or regulations associated with gambling?

100 sats \ 0 replies \ @mega_dreamer 13m

Yes, actually predictions are not betting. And betting has wrong association. In reality you're just trading. We also plan to change "Bet YES/NO" to "Trade YES/NO".

The key difference between betting and predicting is that in Betting you need to wait for the event to complete, whereas in Predictions you can sell your shares early, thus minimizing your loss or maximizing your profits. And that's a very big difference, in reality you're only trading your shares, with the catch that your shares value could go to zero.

Hope this helps!

100 sats \ 1 reply \ @ek OP 3h

How long have you been working on this and with how many devs?

When and how did you get the initial idea for Predyx?

100 sats \ 0 replies \ @mega_dreamer 3h

We've been working on Predyx since December last year, just 2 devs including me. I do DevOps and a CEO. Just three of us.

100 sats \ 1 reply \ @grayruby 3h

Site looks great but I was only able to bet 100 sats on any outcome. Anytime I tried to bet more I got an error message saying "could not find event outcome" or something to that effect.

20 sats \ 0 replies \ @mega_dreamer 12m

Yes duly noted, and we're working on the fix.