Origin Story
When I was new to crypto in 2017, I didn't know how to invest in anything, so I'd visit weird, chaotic corners of the internet like 4chan and reddit to discover hot early-stage projects. What struck me about those environments was everyone was saying
  • Shill me [x]
  • Tell me what I'm missing
  • What's the best thing in the world that nobody knows about
  • What is everyone wrong about
  • What am I wrong about
There was a ferocious curiosity I had never seen before β€” in a few autodidacts and nerds maybe, but never in a community, at scale.
What I wanted to try to do is expand the scope of that ferocious curiosity to include any information of public import. In the internet age, the best information in the world is already free and accessible β€” all that's missing is a strong desire to find it.
This became Ideamarket's primordial goal:
  • Take society's current situation
  • Add ferocious curiosity to it
That's it.
The more I thought about it, the more curiosity appeared the cure-all of the modern age. Curiosity
  • increases discovery
  • increases inter-tribal understanding
  • has no few downsides
Having seen the curiosity that market-based profit motives had stoked in microcap hunters on 4chan, market mechanisms where the first place I looked to try to achieve this.
It turned out markets were a great fit, and I discovered they have other wonderful features as well. They
  • Trustlessly reward careful thinking and punish careless thinking
  • Provide a universal standard for expression of opinions (as financial risk)
  • Provide a provably fair mechanism for registering those opinions
In addition to igniting curiosity, these features also allow Ideamarket to function as a(n):
  • Provably fair battleground for the "battle of ideas"
  • Decentralized global dashboard of public opinions, values, and priorities
  • Reckoning mechanism for abuse of public trust by media and public figures
  • Income stream for worthwhile voices and creators
  • Trustless, permissionless, public, provably fair content moderation protocol for social media
  • Increasing thoughtfulness, listening, and signal in public discourse
  • Enabling the public to have conversations unmediated by media corporations
  • Capturing the value of obscure genius
  • Making credibility prohibitively expensive to fake
  • Eliminating most costs of policing disinformation and misinformation
  • Freeing the best work of top journalists from behind paywalls
These sound like a lot of goals, but they all spring from the same leverage point: harnessing greed to empower curiosity, using markets.
As a psychology nerd, it gives me a singular satisfaction to take an Id-level psychic force like greed, and sublimate it into an aspirational orientation like curiosity β€” at scale!
Last modified 5mo ago
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