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Escrow

TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

21/11/2020 by Idelto Editor

TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream finance. TrustSwap accomplishes this by providing a service platform that can handle a variety of useful crypto transaction types in a low-cost, user-friendly way.

TrustSwap Escrow and Time-lock Services

The platform is the brainchild of its CEO Jeff Kirdeikis, a crypto veteran that has run headlong into the issues that crypto-startups often face. The idea came when Kirdeikis, then working with another crypto startup, went looking for a way to facilitate a $50,000 investment by a venture capital firm into the startup project. The firm wished to structure the investment as a discounted purchase of the project’s tokens, but that came with a major risk.

If the investor gained control of such a large number of tokens at once, it would give them effective veto power over the project’s direction. In other words, they would have the ability to dump their tokens on the open market all at once, causing a crash that would scuttle the project. The only answer was to structure the purchase as a series of smaller, timed token buys. But to Kirdeikis’s surprise, the only way to do that was to pay a lawyer to administer the transactions, in exchange for a hefty 5%-10% fee.

That’s when the idea for TrustSwap was born. It’s a platform that uses smart contracts as a replacement for the expensive and cumbersome middleman-dependent transactions that startups and other businesses need to perform regularly. Its primary service is called TS SmartSwap™, which is an escrow system created to handle high-volume OTC asset transfers between two or more parties. It’s exactly the solution Kirdeikis was looking for to facilitate the earlier VC transaction. TS SmartSwaps make it possible for crypto ventures to transact with investors on a schedule of their choosing, with no costly middleman. As long as everyone involved in a transaction agrees to the same terms, the platform does the rest for a minimal fee.

But that isn’t the only kind of transaction that TrustSwap can handle. It also offers some additional services that are both useful and groundbreaking in the industry. One of those services, called TS SmartLock™, is a one-to-one or one-to-many time-based repeating payment system. It can be used to facilitate performance-based payments, or even allow businesses to offer cryptocurrency options in their payroll workflows.

And there’s also TS SmartSubscription™, which is an API-driven bolt-on website solution to allow businesses to accept repeating subscription fees in compatible cryptocurrencies. In short, it’s a crypto payment-as-a-service offering that might finally help more digital creators and service providers – from Netflix to Spotify and beyond – embrace cryptocurrencies once and for all. That’s a multibillion-dollar market that cryptocurrencies have yet to penetrate in any meaningful way. TrustSwap aims to become the go-to crypto subscription service provider.

TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

The Most Useful Launchpad Services for Crypto-Startups

Even with a smart contract arsenal so diverse, TrustSwap isn’t resting on its laurels. It’s also evolving into one of the most useful launchpad services for crypto-startups available today. To that end, TrustSwap offers a variety of services meant to make common startup tasks easier. Contained under its TS SmartLaunch™ umbrella, TrustSwap offers startups a best-in-class automated token pre-sales management system, as well as tools to thwart token price manipulation.

Together they help crypto-startups to launch without worrying about the destabilizing forces that tend to consume founders’ attention, leaving them to do what they do best – innovate. Already, three notable crypto startups – Chaingames, MobiePay, and AuBit – have used TrustSwap as a launchpad to early success, and they’re about to be joined by another industry standout.

In recent weeks, fintech startup Coin announced that they too would soon use TrustSwap’s services to aid in their launch. It’s a new DeFi service that’s backed by an all-star team of Microsoft alumni, which aims to build a P2P decentralized coin exchange that uses AI to give crypto-holders a new and simpler option to manage their assets. Coin turned to TrustSwap to aid in the execution of their upcoming liquidity token sale.

Specifically, TrustSwap will handle three major parts of the sale. It’s going to manage the team’s token vesting needs, the vesting of individual token holders, and the liquidity locks that underpin the market for the new COIN token. The trust that Coin’s team of industry veterans has placed in TrustSwap is a very visible sign of how far the platform has come in such a short time.

TrustSwap isn’t planning to stop innovating anytime soon. In the very near future, they also aim to debut a new token wrapping service called TS SmartWrap™ which will allow users of the TrustSwap ecosystem to incorporate non-Ethereum assets into Ethereum-based DeFi applications. This will help open the door for a burst of innovation that will bring the crypto space ever closer to delivering on its vast promise.

The upcoming developments make it clear that TrustSwap’s on track to overdeliver on its ambitions far faster than even its founder expected. From its beginnings in June of 2020, TrustSwap has emerged as a force in the DeFi space that’s rapidly gaining traction and making believers out of industry heavyweights in short order. With such a stellar early track record, there’s no doubt that TrustSwap is poised to go on to do even more great things, serving the crypto masses and making it possible for investors and end-users alike to join the revolution that’s now over a decade in the making.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

The post TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad appeared first on Bitcoin News.

Filed Under: Bitcoin, crypto, cryptocurrency, defi, English, Escrow, News Bitcoin, Sponsored, TrustSwap

Bitcoin Global Launches P2P Crypto Trading App for Mobile Devices

09/11/2020 by Idelto Editor

Peer-to-peer cryptocurrency trading platform Bitcoin Global has launched its mobile app for iOS and Android devices. In addition to a fast and anonymous way to buy and sell digital assets for fiat, the mobile app features a secure wallet, access to a referral program and more.

P2P Crypto Trading at Your Fingertips

Bitcoin Global, a marketplace for users to buy and sell blockchain assets directly from each other with no middlemen in between, is now available right on your phone or tablet. The developers have released a mobile app in both Apple App Store and Google Play.

The new mobile app serves as a simple, fast and secure peer-to-peer (P2P) trading platform in its own right. It features a secure wallet, a personal dashboard for managing your Bitcoin Global account, notifications on any incoming trades and a home page where you can search through offers from around the world. A referral program lets you invite your friends to the service and receive bonuses when they trade.

Using Bitcoin Global for trading does not require you to verify your identity to the company as there is no mandatory Know-Your-Customer (KYC) procedure like on other platforms. This no-KYC service can be offered as the platform never takes control of your assets, only connecting buyers and sellers. To sign up and instantly start trading, all you need is an email address.

Trade Securely With Bitcoin Global in More Than 160 Countries

Available in English, Russian, Chinese, Spanish and additional languages, Bitcoin Global is active in more than 160 countries. The platform supports both bitcoin (BTC) and tether (USDT), over 100 national fiat currencies and more than 50 payment methods such as cash, credit cards, bank transfers, Alipay, Skrill, Neteller, Paypal, QIWI and Venmo. Bitcoin Global is an official platform of the popular WhiteBIT exchange and therefore it also offers instant transfer via WhiteBIT codes.

To make an actual trade you can post an offer with the exact terms you want, or search for an existing offer to reply to. Offers can be filtered by cryptocurrency (BTC or USDT), location, desired payment method, and fiat currency. During a trade the cryptocurrency gets locked into a secure escrow system until the payment is confirmed.

The buyer pays the seller directly, without any other third parties involved. Once the payment is confirmed, the cryptocurrency is released from escrow to the buyer. After the deal is done both traders leave feedback on how the trade went. If there are any problems in the process, the Bitcoin Global support team can assist as needed. Throughout this procedure there is no one who can access the secured funds, not even the platform’s team.

To learn more about Bitcoin Global visit the platform’s website and download the app for iOS or Android to start trading.


This is a sponsored post. Learn more on how to reach our audience here. Read disclaimer below.

The post Bitcoin Global Launches P2P Crypto Trading App for Mobile Devices appeared first on Bitcoin News.

Filed Under: android, Apple iOS, Bitcoin Global, BTC, English, Escrow, Mobile App, News Bitcoin, No KYC/AML, P2P bitcoin exchange, p2p trading, Sponsored, USDT, WhiteBIT

How Dropgangs and Dead Drops Are Transforming Darknet Practices

09/01/2020 by Idelto Editor

Since the creation of the Silk Road, authorities have waged a war against the online drug trade with a wave of surveillance and enforcement. However, crypto-anarchists are developing new ways to evade the state’s tentacles as the next technological phase started to emerge in late 2017. On Monday, the Cypherpunk Bitstream podcast discussed the evolution of darknet markets as new ideas like dropgangs and dead drops proliferate into the next decade.

Also read: Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency

The Importance of Evolving Darknet Practices

At the end of 2019, the publication Vice highlighted the fact that since 2014 the number of users buying illicit narcotics on darknet markets (DNM) has doubled. Vice columnist David Hillier’s report underlines the fact that DNMs have increased since the Silk Road, but the growth of ‘Snapchat dealers’ and other instant messenger service drug operations has multiplied. For instance, Hillier cites a report called “DM For Details” which explains that in 2019, 24% of young people said “they see illicit drugs advertised for sale on social media.” 56% of the drugs being sold are on Snapchat, 55% of ads are seen on Instagram, and 47% leverage Facebook Messenger. The report detailed that cannabis is the most popular drug advertised 63% of the time, while cocaine was the second most popular drug.

Instant messenger services are now facilitating a new wave of online dealers. Vendors use these applications and utilize dead drop locations rather than using a DNM and the postal service.

Meanwhile, the podcast “Cypherpunk Bitstream” hosts Jonathan ‘Smuggler’ Logan and ‘Frank Braun’ published an episode which discussed the advancement of the online drug trade and Smuggler’s nine-page article “Dropgangs, or the Future of Darknet Markets.” Smuggler’s research studied how DNMs have evolved since they were first advertised on the clearnet and migrated to the deep web via the Silk Road (SR). When SR was seized by global law enforcement, dozens of new DNMs popped out of the woodwork with mega-markets like Dream and Alphabay.

D E F I A N C E
Unschoolers defy the ED.
Biohackers defy the FDA.
Gun printers defy the ATF.
Drone pilots defy the FAA.
Carnivores defy the USDA.
Cypherpunks defy the NSA.
Token issuers defy the SEC.
Darknet markets defy the DEA.
Bitcoiners defy the Federal Reserve.

— Jameson Lopp (@lopp) January 9, 2020

However, in 2017, police forces shut down Alphabay and operated Hansa undercover for more than 30 days before closing it. Smuggler’s editorial notes that the “loss of darknet markets led to severe disruption of client-merchant relationships.”

“Identities and reputation being lost, previous marketing efforts being negated – often leading to temporary or even permanent collapse of merchant business,” he added. Despite the cat-and-mouse game of surveillance and evasion, Smuggler’s research notes:

The problems of darknet markets have triggered an evolution in online black markets.

Cypherpunk Bitstream Episode 0x04 Talks About Dropgangs, Dead Drops, Drone Mix networks, and Sneakernet

On January 6, 2020, Smuggler conversed about the topic of dropgangs on episode 0x04 of the podcast Cypherpunk Bitstream. Smuggler talked about the premise of his article with Frank Braun and defined what a dropgang is for listeners. “Dropgangs are organizations that distribute contraband by using mostly messenger services, often cryptocurrencies, and dead drops.”

Dropgangs solve the last mile problem of the drug trade.

— Frank Braun (@thefrankbraun) January 8, 2020

Smuggler also gives an example of a dropgang that leverages messenger services like Telegram. Basically you text on Telegram, agree on a price, and the dealer sends coordinates to a secret location where you can pick up the goods. “[Darknet markets are] not the end of development when it comes to the distribution of contraband,” Smuggler emphasized on the podcast. “One of the tendencies of [DNMs] is that they appear, they’re used and then they go away. And in between, you have a lot of people that are arrested.”

Cypherpunk Bitstream episode 0x04 discusses the use of Sneakernets (or trainnets – pigeonets) as well.

Smuggler notes that in Eastern Europe and throughout the Balkan States, there’s another end of the spectrum of the online drug trade where DNMs have evolved. In a lot of Eastern European countries, the dominant model is different to a centralized DNM website that simply sells product. This is because vendors from these regions started using dead drops early, Smuggler told Braun during the podcast. Braun agreed and said that this was because the postal system in that area of the world was never really trustworthy. The dead drop method allows the vendor to drop the product at a secret and random geographical location that only the two parties are aware of. This idea skips the global mail systems and customers can remain anonymous and don’t have to reveal an address.

Postal Service Vulnerabilities

During the mid-section of the episode, Smuggler and Braun go into great detail on how the postal service flags and tracks suspected contraband dealers. Smuggler highlights the global mail systems’ flagging infrastructure and sorting equipment is digitally augmented. Some things are augmented so far that the letters get a tracing code printed on it and people don’t notice it, Smuggler says. If a package or letter is found suspicious, the hidden tracing code is added which flags all letters posted in the same container and allows investigators to track origins and create heat map-like data points. Smuggler insists that over time, the heat map tracking system is perfected and “you get a map with a statistical overlay.” The podcast host says this kind of mail inspection gives investigators a really good indication about where the sender is from and the frequency of mail the vendor ships.

Smuggler and Frank Braun discuss the intricacies tied to the postal services’ tracking systems. Dropgangs avoid the post altogether by leveraging dead drops.

The issues tethered to centralized DNMs and the postal service mail inspection process make Braun and Smuggler stress the importance of evolving black market practices. In addition to the discussion about dropgangs, dead drops, existing DNMs, and the postal service, the two hosts talk about the idea of drone mix networks that could leverage drones and hard-to-trace communication mixes.

Cypherpunk Bitstream’s episode 0x04 also touches upon concepts like sneakernet. Rather than transmitting information via connected computer networks, individuals leveraging the transfer of data via physical devices can greatly improve privacy. For instance, a person could create a BCH bearer bond instrument by using an optical disc, USB flash drive or external hard drive loaded with BCH and pass it along a network of individuals without the transactions ever being seen on a public block explorer. Sneakernet crypto trading might be essential after the Fifth Anti-Money Laundering Directive (5AMLD) and the updated FATF “Travel Rule” take effect this year. Four years ago, before bitcoiners became infatuated with institutional interest, a few decentralized marketplace ideas emerged.

First Ever Decentralized Market Transaction Just Happened in Drop Zone: https://t.co/18A086u3Mj #bitcoin #btc

— Bitcoin España (@Bitcoin_Spain) December 21, 2015

On August 30, 2015, Reddit user miracle-max_ described a decentralized marketplace layer written on top of the BTC chain called the Drop Zone Protocol. The system was originally tested on BTC’s testnet and the author of the concept released a paper on the cryptography mailing list. The paper called “Drop Zone: An Anonymous Peer-To-Peer Local Contraband Marketplace” describes the system’s properties. It featured concepts like anonymous and encrypted communications with built-in reputation controls. Additionally, “contraband markets can be open and anonymous,” Miracle Max wrote at the time.

A photo that was taken on November 8, 2017, after Openbazaar integrated Tor and DNM vendors leveraged VPNs as well.

Another concept similar to Max’s Drop Zone is Voluntary Labs project Bitmarkets, an idea that leveraged Bitmessage for listings and buyer/seller communications and runs on Tor by default. Both Bitmarkets and Drop Zone never really materialized and people remained mostly dependent on centralized DNMs up until 2017. Since the fall of the major DNMs in 2017, the peer-to-peer application Openbazaar has been used lightly to facilitate contraband deals, mainly with narcotics like cannabis. Centralized DNMs have been a mess over the last two years and several of the most popular marketplaces went under in 2019.

Years ago, concepts like Bitmarkets and Drop Zone were all the rage with bitcoiners.

The recently published Cypherpunk Bitstream podcast is over three hours long, but gives a comprehensive overlook of where things are headed within the modernized online drug trade. Law enforcement seems to be leading the cat-and-mouse game but the podcast shows that evasion schemes are growing stronger in certain regions. Readers who are interested in this subject can read Smuggler’s article published last year, and listen to Smuggler’s podcast in its entirety via the link below.

What do you think about the evolution of DNMs and ideas like dropgangs and dead drops? Let us know what you think about these topics in the comments section below.

Disclaimer: This article is for informational purposes only. Readers should do their own due diligence before taking any actions related to the subject matter written above. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any ideas, software, concepts, content, goods or services mentioned in this article.


Image credits: Shutterstock, Bitmarkets, Openbazaar, Twitter, Wiki Commons, Fair Use, and Pixabay.


Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.

The post How Dropgangs and Dead Drops Are Transforming Darknet Practices appeared first on Bitcoin News.

Filed Under: Blockchain Surveillance, Cryptocurrencies, Customers, darknet, darknet marketplaces, Darknet Markets, Dead Drops, DNM, Dropgangs, Emerging Markets, English, Escrow, Exchange, FB Messenger, Featured, Frank Braun, Illegal Drugs, Instagram, Jonathan “smuggler” Logan, Merchants, News Bitcoin, report, Research, Silk Road, SnapChat, Telegram, Vendors, Voluntary Trade

Bitcoin History Part 23: The First BTC Escrow

08/01/2020 by Idelto Editor

Bitcoin History Part 23: The First Bitcoin Escrow Service

Before the emergence of crypto exchanges and trustless multi-sig, early bitcoiners saw the need for an escrow service – a mediator to act as a go-between for strangers transacting online. Given the panoply of options now available, it is strange to think that escrow was once provided by a few early supporters, who put their reputation on the line to give buyer and seller the protection they desired. So, how did the first bitcoin escrow service come about?

Also read: Bitcoin History Part 22: The New Wealthy Elite

“Bitcoin Escrow?”

2010 was a watershed year for Bitcoin. Back then, when it was still possible to mine the currency on a humble home computer, we witnessed the first block size debate; bitcoin acquired its famous logo; Laszlo Hanyecz purchased a couple of pizzas with the currency; the first mining pool, Slush, was announced; and Satoshi observed that Wikileaks had “kicked the hornet’s nest” by seeking to raise funds in the nascent crypto. The enigmatic Nakamoto’s final message on the bitcointalk.org forum came a day later, on December 12.

The introduction of a makeshift bitcoin escrow service is arguably just as notable an event as any of the aforementioned milestones. As was invariably the case in those days, the topic was raised on a bitcointalk forum thread, with an anonymous poster asking “Does anyone currently offer this service? I am looking to offer this amongst the payment methods for bitcoin.”

It didn’t take long for other forum members to wade in and assume the role of neutral middleman – in return for a 50 BTC fee. “There’s probably some market in it, who knows?!” said Xunie. If only he realized just how big a market that would turn out to be.

Bitcoin History Part 23: The First BTC Escrow

Current forum operator Theymos, who had been bequeathed moderator duties by Satoshi himself, had a different proposition, saying he would personally act as an arbitrator for “1% of the bitcoins to be transferred.” Theymos elaborated on his offer: “In case there’s a dispute I can’t solve, I’ll favor whichever party can provide me with the most detailed personal information that I can verify is actually correct (a certificate signed by a trusted CA would be ideal). Then I’ll give that info to the losing party so that they can attempt to find the other person and use the legal system.”

Bitcoin History Part 23: The First BTC Escrow

The Importance of Escrow in the Pre-Exchange Era

Back in the pre-exchange era, escrow was a sorely absent element from day-to-day crypto transactions. Trading bitcoin for something else was not altogether uncommon, but to do so over the web, with someone you didn’t know in real life, required complete trust. This was in the days before 2-of-3 wallets, where users could have a third party own partial keys to a wallet – as is now commonly used on sites like Localbitcoins and local.Bitcoin.com.

The fact that a bitcointalk OG like Theymos responded so enthusiastically to the idea attests to the acknowledgement that escrow was the next step in Bitcoin’s evolution. While there are a great many things that differentiate Bitcoin (and crypto, generally) from the traditional financial system, a trustworthy escrow service was clearly needed. Without it, parties would never gain confidence in the security of any trade. After all, bitcoin transactions are irreversible.

Although many members of the forum pitched in and offered to act as an escrow, the original problem – namely that two parties were entrusting a stranger to facilitate their transaction – remained. However, it was a more innocent age and the sense of community was palpable on the famous forum. Besides, with no reputable bitcoin escrow service available in 2010, using a third party with whom you might be familiar was seen by many as the next best thing. Bitcoin might be trustless, but in its early days, mutual trust was integral to its growth.

Bitcoin History is a multipart series from news.Bitcoin.com charting pivotal moments in the evolution of the world’s first cryptocurrency. Read part 22 here.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Bitcoin History Part 23: The First BTC Escrow appeared first on Bitcoin News.

Filed Under: Bitcoin History, bitcoin talk, English, Escrow, News, News Bitcoin, Satoshi, Theymos

P2P Exchange Hodl Hodl Announces New Prediction Market

28/02/2019 by Idelto Editor

P2P Exchange Hodl Hodl Announces New Prediction Markets Strategy

On Feb. 27, KYC-free cryptocurrency exchange Hodl Hodl announced a new service called Predictions, which will soon be added to the peer-to-peer trading platform. Hodl Hodl believes prediction markets are useful financial instruments within the crypto ecosystem that offer an incentive for those forecasting the specific outcome of an event.

Also read: What Does the Future Hold for Augur’s Prediction Market?

Hodl Hodl Is Adding ‘Predictions’ to Its P2P Multi-Signature Exchange

Peer-to-peer multi-signature trading platform Hodl Hodl will be adding a prediction markets feature this spring. Hodl Hodl is an exchange that doesn’t require KYC verification and utilizes a multi-signature escrow scheme that curbs the possibility of theft and fraud. At the moment, the exchange allows users to trade BTC and LTC, but the founders are considering adding other coins as well. The multi-signature escrow system protects funds during trades by using a P2SH contract, which gives traders the ability to hold keys to funds held in escrow. The latest prediction markets feature will use a similar approach by locking prediction contracts in a 2-out-of-3 multi-signature escrow.

P2P Exchange Hodl Hodl Announces New Prediction Market

Prediction markets are nothing new to the crypto ecosystem. They are used as financial tools that allow participants to create a contract with others and the system rewards the correct prediction after the event has unfolded. For instance, a contract could be created on the outcome of the next U.S. presidential election or someone could attempt to forecast the price of a certain cryptocurrency in 2020. The Augur platform is the leading crypto prediction market which relies on the wisdom of the crowd and its native currency REP. The Hodl Hodl concept utilizes BTC, and its developers claim their implementation “can be called a ‘peer-to-peer’ prediction market.”

“Because each party would lock funds in multi-signature 2-out-of-3 escrow, the oracle, in this case, is going to be sort of distributed: in a perfect case, both parties agree on the outcome, because neither party is able to return the coins locked in escrow unilaterally and, thus, they have nothing to win whatsoever by denying the outcome in favor of the other party,” the developers explained. “In fact, they risk losing their reputation on Hodl Hodl and future prospects for creating contracts.”

The blog post adds:

But even in case of a dispute, Hodl Hodl leaves a chance of interference with its third key, which can be used to sign the transaction in favor of the party, who guessed the outcome — Best part of it is that Hodl Hodl, as always, doesn’t have direct access to the funds and is not actually in possession of bitcoins at any moment.

‘Prediction Markets Do Not Equate to Gambling’

Hodl Hodl further explained that participants will be able to create contracts on things like election outcomes, the price of oil or other assets, and the weather. However, the team will make sure contract conditions are “not illegal or ambiguous.” Offers are pre-moderated, which means the contract creator will have to execute the prediction contract after it’s approved. The founders have detailed that Hodl Hodl’s prediction markets will offer a unique approach to contracts as well, such as offering different odds and a minimum contract volume and offer balance method. For example, the contract’s creator can up the odds by making them 1 to 10 which means the creator locks 1 BTC and the counterparty must lock 10 BTC.

P2P Exchange Hodl Hodl Announces New Prediction Market
A lot of people associate prediction markets with gambling but Hodl Hodl asserts that if contracts and conditions are done in a responsible manner they are a great financial tool.

Hodl Hodl added that they will be informing the public as soon as the prediction markets launch and emphasized that the new feature should not be considered gambling. The developers of Hodl Hodl said that gambling traditionally involves an “instant gratification expectation, fast execution, and randomness.” Whereas the trading platform’s prediction markets will rely on “low-time preference, financial planning, and responsibility.”

What do you think about Hodl Hodl’s prediction markets announcement? Do you think prediction markets and gambling are different or are they the same? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, and Hodl Hodl.


Need to calculate your bitcoin holdings? Check our tools section.

The post P2P Exchange Hodl Hodl Announces New Prediction Market appeared first on Bitcoin News.

Filed Under: Augur, Bitcoin, BTC, contracts, Decentralized, Elections, English, Escrow, Exchanges, forecasting, Gambling, hodl hodl, Multi-sig, Multi-signature, N-Featured, News Bitcoin, P2P Exchange, Peer-to-peer, prediction market implementation, Prediction markets, Price Forecasts, Reputation, Wisdom of the Crowd

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