Adele_L comments on Open Thread, November 8 - 14, 2013 - Less Wrong

1 Post author: witzvo 08 November 2013 08:13PM

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Comment author: Adele_L 11 November 2013 04:27:55AM 3 points [-]

That's disappointing. If the main problem with Predictious is low-volume, it might be worth using anyway, but the limited contracts really puts a damper on its utility.

Comment author: gwern 11 November 2013 05:31:57PM 5 points [-]

If you're interested in simply making some bitcoin, Predictious might be a good idea because the low volume implies mispriced contracts. (Similarly, I think if one carefully studies Betsofbitcoin in detail, it may be possible to make steady profits off it: the rules are so bizarre that there must be inefficiencies.) Another advantage of Predictious is that it's operated by Pixode, which seems to be a reasonably legitimate company (more than one can say for most things in the Bitcoin space).