According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting a design element of the Augur protocol by purposefully creating invalid markets through ambiguous wording. This allows them to profit by gaming the system, rendering Augur “unusable.”
Augur’s co-founder, Joseph Krug, took to Twitter to explain that, admittedly there is a problem, but downplayed the extent of its effect on the network. “Some people,” as stated in the Reddit thread, is actually only one bad actor, according to Krug, and the malfunctioning element of the protocol will be fixed in the updated v2 of Augur. Krug said:
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