Talk:The Consumerium Exchange: Difference between revisions
economic gravity
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::See http://longbets.org - maybe we can make a close cooperation with them, as they are doing this now, and betting money that goes to charity? I think without money it makes little sense, as there must be some real pain for placing wrong bets, and a way to prevent someone from hedging too much. | ::See http://longbets.org - maybe we can make a close cooperation with them, as they are doing this now, and betting money that goes to charity? I think without money it makes little sense, as there must be some real pain for placing wrong bets, and a way to prevent someone from hedging too much. | ||
:::Hedging? Now you will have to explain that. How can there be hedging? | :::Hedging? Now you will have to explain that. How can there be hedging? | ||
::::I publish three opinions with three different identities - one says X is good, one says X is bad, one says X is mostly good with a few problems that can be solved. Now the opinion that X is good gets attacked and I lose reputation for that identity, the opinion that X is bad gets reinforced and I see by who. Third identity exploits the fact that it is taking a "moderate" position, and uses all the arguments launched on either side to bolster its own reputation. Now I have two identities with good reputations: one that is seemingly opposed, one that is seemingly a moderate critic, of X, which I secretly own... | ::::I publish three opinions with three different identities - one says X is good, one says X is bad, one says X is mostly good with a few problems that can be solved. Now the opinion that X is good gets attacked and I lose reputation for that identity, the opinion that X is bad gets reinforced and I see by who. Third identity exploits the fact that it is taking a "moderate" position, and uses all the arguments launched on either side to bolster its own reputation. Now I have one spam identity that everyone knows is just saying X is good, I discard that, leaving me with two identities with good reputations: one that is seemingly opposed, one that is seemingly a moderate critic, of X, which I secretly own... you cannot trace the three identities back to one body even if you force me to provide my DNA, because I can just pay others to front for me and pretend the opinion I pay them to have, is theirs. The only thing you can do is make it cost money to do this, and that at least forces accountability back to the same wallet, if not the same body. See the point? | ||
:::And for the millionth time: NO MONEY, just information. Getting accredited as a source of not-so-good information will cause you to look bad in other information which will make everyone just ignore your future "information". Providing good, reliable information in the long run will increase the value of your information and future information. If you want to bet with your drinking buddies about how [[Company X]] will be looking in 6 months then _that is your problem_ and The Control Freak in Charge of Irrigation Systems cannot/doesnotcareto do anything about such behaviour, except perhaps hope that you don't take out a bank loan to support your filthy habit and in case you do here is a link to help you out http://www.gamblersanonymous.org/ | :::And for the millionth time: NO MONEY, just information. | ||
::::All information is distorted by money, as much as motion is distorted by the presence of more mass, which creates what we call "gravity". So I am talking about the economic law of gravity here - it all comes down to money. You can deal with it directly, or be manipulated by those who deal with it directly. | |||
:::Getting accredited as a source of not-so-good information will cause you to look bad in other information which will make everyone just ignore your future "information". Providing good, reliable information in the long run will increase the value of your information and future information. If you want to bet with your drinking buddies about how [[Company X]] will be looking in 6 months then _that is your problem_ and The Control Freak in Charge of Irrigation Systems cannot/doesnotcareto do anything about such behaviour, except perhaps hope that you don't take out a bank loan to support your filthy habit and in case you do here is a link to help you out http://www.gamblersanonymous.org/ | |||
::::The global economy does not run on gambling for no reason. Have you ever played poker? The game literally does not work without real money, you cannot play for "reputation", you must play for some strict quantity that represents combined reputation, skill, and luck - money. You must at least make it very easy to bet for or against the given information being accurate. It is simply not possible to run a system like this with no betting: without it, anyone can provide so much information of all kinds under so many identities that reputation for providing it becomes meaningless. The only check on this is the amount of money it costs - if that cost is nothing, well, then there is no check, and no limit to the amount of [[propaganda]] that will be dumped into the system, hoping that some of it gets through. Any system above a certain scale needs betting to make it work properly. If there is global economy then there must be a simple bet-real-money-on-it way to send reliable information signals around. If all the ways to send signals cost nothing, then so many signals pile in that the system collapses. | ::::The global economy does not run on gambling for no reason. Have you ever played poker? The game literally does not work without real money, you cannot play for "reputation", you must play for some strict quantity that represents combined reputation, skill, and luck - money. You must at least make it very easy to bet for or against the given information being accurate. It is simply not possible to run a system like this with no betting: without it, anyone can provide so much information of all kinds under so many identities that reputation for providing it becomes meaningless. The only check on this is the amount of money it costs - if that cost is nothing, well, then there is no check, and no limit to the amount of [[propaganda]] that will be dumped into the system, hoping that some of it gets through. Any system above a certain scale needs betting to make it work properly. If there is global economy then there must be a simple bet-real-money-on-it way to send reliable information signals around. If all the ways to send signals cost nothing, then so many signals pile in that the system collapses. | ||
:The basic idea being of course guessing where the aggregate of all campaigns on some issue will equilibrium. eg. What "light" will prevail for [[Company X]] | :The basic idea being of course guessing where the aggregate of all campaigns on some issue will equilibrium. eg. What "light" will prevail for [[Company X]] | ||