A prediction market for social media language launched this month. Pretweeting lets Twitter users anticipate that microblogging service’s leading words, and trade accordingly using virtual money.
Posted on September 3, 2009 at 5:16 pm by Bryan Alexander · Permalink
In: General News · Tagged with: prediction markets, Twitter
In: General News · Tagged with: prediction markets, Twitter
on September 4, 2009 at 11:44 am
· Permalink
that’s the same diagram I would see for blogs at blogshares.net – basically, it incorporates a built-in degeneration function, causing princes to drop gradually… this encourages a big buy (note the spike) and quick sell-off and the new non-degraded higher value. You can do the math, but if they continue with this function a few people (or consortia, or bot-buyers) will become super-rich (in blogshares they had trillions of dollars).