Joey Krug on Augur, Prediction Markets, and The State of Cryptocurrency Investing
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Description
Joining Erik for this interview are Joey Krug (@joeykrug) of Augur and Tony Sheng (@tonysheng) of Decentraland. Erik and Tony interview Joey about the process of building Augur, his new...
show moreJoey explains what he envisions for Augur, why it’s “the future of forecasting” and how the process of building it has unfolded over the past two years.
He talks about the wide array of possible uses for prediction markets and why he thinks markets in general are the biggest opportunity in crypto. Joey also explains some common misconceptions about crypto and why he thinks we are not yet in a bubble.
He explains how open source blockchain technology is like NASA giving out the code to control the space shuttle and allowing anyone to write commands for it, and why security and privacy are so important in cryptocurrency. They also have a round of underrated vs. overhyped.
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