Bet upon the sercurity of Dapps.
A bounty is created which defines the github commit hash and the scope of the bug bounty and a deadline for no bugs being found.
A betting market is created where people can be at the market odds on wheather a bug within the defined scope will be found in the given git code commit hash.
If a bug is found the centralized oracle will call confirmBug which will pay out the people
who bet for a bug.
Otherwise once the deadline passes the people who bet that no bug would be found will be paid out.
This system will allow for a market that rewards the search for bugs in smart contracts.
It will also allow for people to hedge their positions of holding tokens against security bugs.
It is hoped that people hedging their positions will fund security researches to find bugs.
The sale of new tokens is always open. However the pay out is adjusted based upon the total bet on the opposite side of the market.
priceNoBug = (bounty.totalNoBug + msg.value) /
(bounty.totalBug + bounty.totalNoBug + msg.value) ;
priceBug = (bounty.totalBug + msg.value) /
(bounty.totalBug + bounty.totalNoBug + msg.value) ;
Users can only withdraw after the payout has happened or after a bug has been accepted by the oracle.
These bets are tokenized using the miniMe token which is totally ERC20 complient. They can be traded on Exchange, Used with leverate smart contracts or used to create risk minimized portfolio tokens.