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Can Bitcoin Help Predict the Future?

Saturday 24th, May 2014 / 09:49
Can Bitcoin Help Predict the Future?

cookie fortune

Fancy taking a bet on bitcoin? Prediction markets are offering people the chance to wager on the virtual currency’s fortunes, among other things – and you can even use your bitcoins to do it.

Prediction markets rely on the wisdom of the crowd, the theory being that people can predict things better when in groups. Although this doesn’t work in some cases (just ask all those who bought real estate during the bubble), proponents say that it has merit, nonetheless.

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