2019-3-21 21:56 |
Decentralized betting protocol Augur is dealing with a situation: fraudsters can illegitimately profit by gaming the system, and there’s not much its devs can do about it (for now). Augur co-founder Joey Krug recently addressed community concerns about scammers taking over the platform.
They’re alleged to be intentionally creating invalid markets en masse, which fool the system into mistakenly distributing profit to the attackers. For context, Augur is a blockchain-based marketplace for prediction betting, where anyone can open a market on any subject. Token holders are encouraged to come to consensus over the outcome of a particular bet (say, that it…
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