Doug Campbell here from Insight Prediction. I’m just curious what leads you to believe Insight Prediction is a scam? You placed a bet against Taras, made money, and we paid it out to you.
I spent 14 months of my life building this website. I also spent a lot of money. Why would I do all that in order to steal a smaller sum of money? The future of Insight Prediction is bright. Why would I pass up the opportunity to make even more money with a useful prediction market, and expose myself to enormous legal trouble? Additionally, how many professors do you know who started scam websites that they publicly associated themselves with, and then ripped off people knowing full well it would probably mean jail time? I’m just curious how your mind works here.
Well, until recently you sought to be and were in fact very anonymous (e.g., it’s easier to claim to be a uni professor than to actually be one).
Given that you were anonymous, you wouldn’t have been exposed to enormous legal trouble.
You advertised that you would pay in 24h, but you in fact took more than that, and after doing so paid me from an FTX account (so you are not e.g., holding your user’s funds but instead, I presume, doing some smart, minimally risky, yet still very opaque stuff with users’ funds. I’m ok with this, but would prefer trasparency.)
Engineering effort is not in fact visible to outsiders, and building a scam website would have been much easier than building a real one.
Given that your code is not open source, your programmers could have absconded with the money.
Crypto is known to have its share of scams and rugpools.
I think that the key difference here is that you have much more information about your good intentions than external observers, and if I recall correctly you had at the time of that writing not taken steps (such as deanonymizing yourself) that would have been expensive to do if you were a scam.
As I mentioned in the post, I admire your courage/the courage of your platform for having markets on this topic, and hope all goes well.
Doug Campbell here from Insight Prediction. I’m just curious what leads you to believe Insight Prediction is a scam? You placed a bet against Taras, made money, and we paid it out to you.
I spent 14 months of my life building this website. I also spent a lot of money. Why would I do all that in order to steal a smaller sum of money? The future of Insight Prediction is bright. Why would I pass up the opportunity to make even more money with a useful prediction market, and expose myself to enormous legal trouble? Additionally, how many professors do you know who started scam websites that they publicly associated themselves with, and then ripped off people knowing full well it would probably mean jail time? I’m just curious how your mind works here.
In any case, here is my academic homepage: https://sites.google.com/view/douglaslcampbell/home
Well, until recently you sought to be and were in fact very anonymous (e.g., it’s easier to claim to be a uni professor than to actually be one).
Given that you were anonymous, you wouldn’t have been exposed to enormous legal trouble.
You advertised that you would pay in 24h, but you in fact took more than that, and after doing so paid me from an FTX account (so you are not e.g., holding your user’s funds but instead, I presume, doing some smart, minimally risky, yet still very opaque stuff with users’ funds. I’m ok with this, but would prefer trasparency.)
Engineering effort is not in fact visible to outsiders, and building a scam website would have been much easier than building a real one.
Given that your code is not open source, your programmers could have absconded with the money.
Crypto is known to have its share of scams and rugpools.
I think that the key difference here is that you have much more information about your good intentions than external observers, and if I recall correctly you had at the time of that writing not taken steps (such as deanonymizing yourself) that would have been expensive to do if you were a scam.
As I mentioned in the post, I admire your courage/the courage of your platform for having markets on this topic, and hope all goes well.