Sztorc: Digital Cash and Prediction Markets Share Similar Histories

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



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