Decentralizing the search for truth using idea markets

  • Limiting the scope of discussion (“Democrat vs. Republican”)
  • Astroturfing (paying people to imitate a grassroots movement)
  • Distributing airtime ($4B of free airtime to Donald Trump in 2016)
  • Sponsoring entertainment and media (CIA involvement in media)
  • Great firewalls (China)
  • Banning media outlets (Facebook and Twitter)
  • Interrupting members of US Congress to cover Justin Bieber (Video)
  • Scripting local news on a national scale (Video)
  • many more

In the same way that fiat currencies are valuable only because governments say they are, fiat narratives are true only because media corporations say they are.

Ideological risk management

  • “Will my community still accept me if I contradict their beliefs?”
  • “I’ve been saying x on social media, how embarrassing would it be if I started saying y?”
  • “If I believed something else, who would I even be?”

“Rationality is risk management; nothing more.” — Nassim Nicholas Taleb

What is an idea market?

A protocol for ideological risk management

What do idea markets measure, exactly?

  • current
  • perceived
  • usefulness

What’s the value of measuring “perceived” truth?

Are idea markets a kind of prediction market?

Won’t idea markets allow people to manipulate narratives?

  1. The important question is not whether manipulation is possible, but whether idea market manipulation is preferable to corporate media manipulation. Idea market manipulation happens in public, on a platform where the public has equal ability to participate. Corporate media manipulation happens in private, in spheres of influence where the public has no voice. Therefore, idea market manipulation seems highly preferable.
  2. Over time, idea market manipulation transfers money from parties that fake the appearance of trust, to those that genuinely earn it:

The first idea market — ideamarket.io

Make lying expensive

Conclusion

The “fiat narrative” model is dead. Public thirst for a new reality-definition protocol is urgent.

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Founder at ideamarket.io — follow at twitter.com/harmonylion1

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Mike Elias

Mike Elias

Founder at ideamarket.io — follow at twitter.com/harmonylion1

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