Bloq Economist and Bitcoin Hivemind creator Paul Sztorc has been preoccupied with prediction markets for many years, and he views these mechanisms for a origination of “event derivatives” as an essential open good. Although Sztorc had been a believer of centralized prophecy marketplace InTrade in a past, he now sees a need for a blockchain-based resolution to concede these sorts of markets to proliferate around a world.
Recently, Sztorc chatted with Adamant Research Editor in Chief Tuur Demeester about prophecy markets, Bitcoin, sidechains and many other topics. During a discussion, Sztorc was means to explain a together histories of digital money systems, such as Bitcoin, and a prophecy markets that have preoccupied him for all these years.
The Days of InTrade
In a early days of his seductiveness in Bitcoin, Sztorc was also an zealous supporter of InTrade, a former online prophecy marketplace formed out of Ireland. For Sztorc, InTrade was a pointer that true, tellurian prophecy markets had arrived. “That was like ‘where a book bar met,’ so to speak,” he told Demeester. “The establishment was arrange of there and it