Traditional PMs have been persecuted much in the same way as e-cash systems, and current Bitcoin alternatives require the user to trust the operator to:
- Keep funds safe.
- Create desirable markets.
- Accurately determine the outcome of markets.
Instead, Truthcoin's outcomes are determined by a vote weighted by present and past conformity, using in a new token-ownership-model. This theoretically produces a unique Nash Equilibrium of unanimous honesty. Moreover, incentives are to only create contracts which are useful (measured by trading volume), and unambiguous (measured by vote-similarity). Additionally, market liquidity is guaranteed to be permanently nonzero thanks to the LMSR. MSRs allow for simple, secure, realtime buying and selling.
Look at some [Slide Shows](http://www.truthcoin.info/presentations/). [This written intro](https://github.com/psztorc/Truthcoin/raw/master/docs/1_Purpose.pdf) explains "what this is and why it is important". [The whitepaper](https://github.com/psztorc/Truthcoin/raw/master/docs/Truthcoin_Whitepaper.pdf) explains "how it works". Check out the [voting demo](https://lyoshenka.ocpu.io/truthcoindemo/www/). Read the [FAQ](http://www.truthcoin.info/faq/). Visit the [website](http://www.truthcoin.info/) and [forum](http://forum.truthcoin.info/).Up Next: Begin publishing my blog, to discuss the numerous problems with existing cryptocoin projects.
Up Next: Editing Whitepaper 1.4 (email me with typos/confusions, or pull request into here).
Up Next: Releasing C++ client, Q1 2015
The 'lib' folder also has html files which describe the outcome of function tests and demonstrations. These files were automatically generated from R code using R-markdown, and the .rmd files are included alongside the html files for reproducibility.
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I'm giving away all of this work for free. It was hard work!
Thanks to everyone who donated.