Wyre Talks

It’s no surprise that Joey Krug is a fan of taking calculated risks. After all, he was betting on horse races (and winning) in middle school and eventually created a mechanism for making bets on the blockchain. As an early crypto developer, Joey had the opportunity to meet a lot of promising entrepreneurs. And ultimately, he put together a syndicate to invest in the projects with the most potential.Joey is the creator of Augur, the decentralized oracle and prediction market protocol built on Ethereum, and the Co-Chief Investment Officer with Pantera Capital, an investment firm focused exclusively on ventures related to blockchain tech, digital currency, and crypto-assets. On this episode of Wyre Talks, Joey joins us to discuss the inception and early days of Augur and explain why the team chose to raise money through an ICO — the first on top of Ethereum. He describes how Augur has evolved, shifting from a reporting to a dispute-based model, disincentivizing invalid markets, and incorporating the use of DAI i