Predicting social media language

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.

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Posted on September 3, 2009 at 5:16 pm by Bryan Alexander · Permalink
In: General News · Tagged with: ,

One Response

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  1. Written by Stephen Downes
    on September 4, 2009 at 11:44 am
    Reply · 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).

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