Having this prediction market where people can see potential futures, that creates this potential for observation.

And that observation changes reality.

James Peerog, co-founder and CEO of BitcoinPrediction.Market, runs a lightning network-powered betting platform.

Today, he discusses Bitcoin's potential for prediction markets, its advantages as a development

platform over other cryptocurrencies, and its role in reducing governmental control.

They want everyone to be subservient in some way.

Don't rise up, because if you are in competition with them, then you're a potential threat.

Singapore, where I was, it was a complete authoritarian

shithole. You had literal robot dogs monitoring the migrant workers who are essentially

treated as slaves. The thing about Bitcoin is that they can't stop you. I think prediction markets

are kind of that next killer app they can use their money as speech. What's going to be the thing

that lasts for another 10 years, 15 years, 20 years,

50 years? It seems like no matter who wins the election, there's going to be a dispute.

Problems that arises with prediction markets is the Oracle problem. How are you guys approaching

the Oracle problem?

You've had a dynamic where money has become freer than free.

You talk about a Fed just gone nuts.

All the central banks going nuts.

So it's all acting like safe haven.

I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

I mean, that's part of the bold case for Bitcoin.

If you're not paying attention, you probably should be.

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