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10 sats \ 1 reply \ @Solomonsatoshi OP 7 Nov \ parent \ on: Warning! PSA bitcoinprediction.market is stalling on paying out many larger bets lightning
Ok BTW the LMSR system would be a huge improvement as the current system highly incentivises people to leave any betting to the very last minute.
If the current parimutuel system remains in place you would ideally need to put a closing date for placing bets sufficiently in advance of the event to prevent people gaming the system.
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20 sats \ 0 replies \ @HYPERBITCOINZATION 7 Nov
Yeah it's our biggest priority besides fundraising—building the LMSR market maker with Bitcoin and Lightning. That market structure would provide much better incentives for accurate forecasting.
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