help ENDWAR

[puppies]

There is a new prediction market on bitshares.  It is called ENDWAR.  Description is at http://cryptofresh.com/a/ENDWAR it is

This asset will be worth 1USD if the ongoing war in yemen is ended before 2017-01-01 00:00 UDT. A peace settlement or long lasting cease fire would result in this market resolving to true. There must be an end to hostilites between Saudi Arabia backed pro government forces, and the Houthi rebels. Anti terrorism activities taken on a small scale against AQAP, or any ISIS affiliate should not prevent this market from paying out. The final decision on if hostilites are ended will be in the hands of the bitshares committee.

If you would like to support ENDWAR then you can borrow the asset and either sell it on the market or give it away.  By increasing the number of people that would benefit from a cessation of hostilities in Yemen we increase the chances that these hostilities will end.  If  you do this then you will only lose money if the war in Yemen is actually ended.  I think that is a goal that is worth paying a little bit towards.  You can borrow, buy, or sell at https://bitshares.openledger.info/#/market/ENDWAR_USD

Below is a little more explanation of bitshares prediction markets.  Please let me know if you have any questions.

Bitshares prediction markets are assets that will resolve as either being worth 0 of the base asset or 1 of the base asset.  If the prediction market resolves as true then the asset will be worth 1.  If it resolves as false then the asset will be worth 0.  Prior to the market being resolved the price can fluctuate between 0 and 1. 

If you believe that a market will resolve as true then any purchase price below 1 will make you a winner.  The price you are willing to pay is the odds you are willing to take that it will resolve as true.  If you purchase at .5 and the market resolves as true you have doubled your base asset.  If you purchase at .25 and the market resolves as true you have quadrupled your base asset. 

On the other side if you believe you the market will resolve to false you can borrow the asset and sell it.  To borrow the asset you must put up 1 to 1 collateral of the base asset.  If the base asset is BTS you must post 1 BTS for each 1 prediction market asset you wish to borrow.  If the market resolves as false then you are able to buy the asset back at a price of 0 and release your collateral.  Once again the odds that you bet at is based upon the price that you sell at.  If you borrow 1 prediction market asset and post 1 BTS as collateral then sell that 1 prediction market asset at .5 you now have .5 BTS risked, and an open position with 1 BTS held as collateral.  If the market resolves as false then you get that 1BTS back in full and you have doubled your backing asset of .5 BTS to 1 BTS.  If instead you sell at .75 then you have .25 BTS at risk and if the market resolves as false then you have quadrupled your backing asset.

ENDWAR is a bitUSD backed asset, so it requires 1 bitUSD to borrow 1 ENDWAR.

Please let me know if any of this needs clarification.

[BitcoinNational]

if I get this right

steps
1.  give asset to the war makers
2.  raise the price proposition until they ENDWAR

perhaps they might game the system too
make a WAR seem unendable, asset goes rock bottom, "That's a sure bet that war will never come to peace!"
 
War-makers buy it up, kiss and make peace.

pay-o-lah!

[repeat]

[BitcoinNational]

also what oracles are making the calls?

"end to hostilites between Saudi Arabia backed pro government forces, and the Houthi rebels"

who determines the truth value?

[puppies]

if I get this right

steps
1.  give asset to the war makers
2.  raise the price proposition until they ENDWAR

perhaps they might game the system too
make a WAR seem unendable, asset goes rock bottom, "That's a sure bet that war will never come to peace!"
 
War-makers buy it up, kiss and make peace.

pay-o-lah!

[repeat]

I don't know where you are getting this give assets to war makers thing.  I personally have borrowed some ENDWAR into existence, and begun giving it out on twitter free of charge.  So far I have given it to Lew Rockwell, Scott Horton, and antiwar.com.  I would not consider any of them warmakers.

also what oracles are making the calls?

"end to hostilites between Saudi Arabia backed pro government forces, and the Houthi rebels"

who determines the truth value?

As the description states the final decision will be with the bitshares committee.  The committee is a special bitshares account that has a weighted multi sig active authority that is determined by the votes of all of the bitshares stake.  There are between 11 and 1001 committee members with the number and their active key weight determined by voting.  To close out this market will require 50% +1 of the voting stake of bitshares.  I am personally currently on the committee, and if I am still on it on 1-1-2017 I will vote true on this market if there is a peace settlement or long lasting cease fire, or if there are no reports of hostilities between Saudi backed forces and rebel forces for a significant amount of time.

If you are looking for a means of making money then I would suggest one of the other prediction markets that bitshares has to offer.  You can bet on the SuperBowl, Democratic Nomination, Republican Nomination, US general election, Crude oil prices, S&P prices, or the price bitshares.  All of these markets will be much easier to close out.  These markets might be more to your liking.