One million jobs: Successful traders can do it as a job. Every job that involves nothing more than decisions making can be replaced by a trader. Doctors, Governors, CEOs, various boards and counsels, Congressmen, Supreme Court Judges, etc. are all in danger of being replaced by anonymous, potentially uneducated, traders.
Diversity/Developing Countries: It will give modern financial instruments to everyone with internet connection. Insurance to hedge everyone's risks.
Enterprise Software: prediction markets are very unconnected today. Each business has a separate in-house prediction market built. They have to be heavily regulated.
Truthcoin makes prediction markets as available as google or facebook.
Financial Services: prediction markets are a financial service. They are illegal. Use of a blockchain circumvents the law against prediction markets.
my implementation: https://github.com/zack-bitcoin/Truthcoin-POW
Science/Drug development: truthcoin allows for a new method of funding public goods that is far more impact per dollar than taxes.
Government: http://hanson.gmu.edu/futarchy.html
One million jobs: Successful traders can do it as a job. Every job that involves nothing more than decisions making can be replaced by a trader. Doctors, Governors, CEOs, various boards and counsels, Congressmen, Supreme Court Judges, etc. are all in danger of being replaced by anonymous, potentially uneducated, traders.
Diversity/Developing Countries: It will give modern financial instruments to everyone with internet connection. Insurance to hedge everyone's risks.
Enterprise Software: prediction markets are very unconnected today. Each business has a separate in-house prediction market built. They have to be heavily regulated. Truthcoin makes prediction markets as available as google or facebook.
Financial Services: prediction markets are a financial service. They are illegal. Use of a blockchain circumvents the law against prediction markets.