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Jack Peterson. He\\u2019s the co-founder of Augur which is a decentralized, prediction market platform that runs on the ethereum decentralized network.

Famous Five:
Favorite Book? \\u2013 Handbook of Applied Cryptography
What CEO do you follow? \\u2013 Elon Musk
Favorite online tool? \\u2014 Ethereum
How many hours of sleep do you get?\\u2014 8
If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cDon\\u2019t spend too much time on impractical things\\u201d

Time Stamped Show Notes:
01:10 \\u2013 Nathan introduces Jack to the show
01:28 \\u2013 Augur is a decentralized prediction market platform
01:34 \\u2013 The platform exists on a ethereum decentralized network
02:09 \\u2013 Bitcoin is the first blockchain which was initially intended for payment
02:19 \\u2013 Ethereum is a blockchain that is flexible, you can upload programs where people can execute their programs
02:38 \\u2013 Augur is a set of programs that run on the network of ethereum
02:54 \\u2013 The founder of ethereum was on Episode 758
03:11 \\u2013 Augur has a set of smart contracts on ethereum that people run
03:57 \\u2013 Augur is currently finishing their beta test and it is not yet live
04:02 \\u2013 Their smart contract code is undergoing security audits
04:12 \\u2013 Jack shares how to use Augur
04:27 \\u2013 The aim is to make the experience similar to accessing a regular website
04:40 \\u2013 Augur is a venue to bet on any world event
04:49 \\u2013 For example, making predictions with politics
05:40 \\u2013 The market you create is where you can buy and sell shares of the event
06:25 \\u2013 An example scenario: the Super Bowl
06:40 \\u2013 A market is where someone can place their bet
07:10 \\u2013 In a normal sportsbook, people can bet on the winner
07:19 \\u2013 Who will win the Super Bowl? This is the market on Augur and people can place their bets
07:37 \\u2013 You can buy and sell shares of any of the outcomes
08:17 \\u2013 The people in the market set the price of the shares
09:06 \\u2013 With the Super Bowl, there will be multiple outcomes
09:28 \\u2013 When you set-up the market, you set-up the order book for each of the outcome
10:05 \\u2013 You could place a bet by buying shares of the outcome
10:41 \\u2013 When your bet wins, the value of the shares go up and if you lose, it will be zero
10:59 \\u2013 \\u201cYou\\u2019re betting on how likely the outcome is to happen\\u201d
11:27 \\u2013 Jack shares how someone who doesn\\u2019t have any experience in crypto can participate in Augur
11:35 \\u2013 First thing you need to do is get the crypto currency (you can use your credit card)
12:01 \\u2013 Augur isn\\u2019t involved with any platform that exchanges dollars to crypto, so you have to get it from third-parties
12:30 \\u2013 You can buy ether from Coinbase and use the ether to place bets on Augur
13:10 \\u2013 If you already have ether, you can already participate in a market
13:55 \\u2013 Augur has an embedded plugin similarly to Paypal which is for Coinbase and ShapeShift
14:25 \\u2013 If you signed in, you will have the ether to bet
15:05 \\u2013 You can create a market on the trading page
15:37 \\u2013 You\\u2019re betting with whomever wants to participate in the market
15:48 \\u2013 The person who creates the market will set-up an order book with actions
16:51 \\u2013 Jack did a Token share
17:07 \\u2013 \\u201cOur token is called rep\\u201d
17:58 \\u2013 Token has raised $5.3M in August and September of 2015
18:10 \\u2013 It was a $5.3M equivalent in crypto
20:30 \\u2013 The Famous Five

3 Key Points:
Ethereum is a blockchain that Augur uses to run its programs.
There are multiple platforms available for dollar to crypto currency exchange.
Maintain your focus on what\\u2019s important.

Resources Mentioned:
The Top Inbox \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
Klipfolio \\u2013 Track your business performance across all departments for FREE
Hotjar \\u2013 Nathan uses Hotjar to track what you\\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives