Ideamarket Docs
  • Introduction
  • 1-minute onboarding
  • Selling old tokens & unstaking
  • Navigating the app
    • How to make a good post
    • Citations
    • Post page
    • User Profile
    • Why rate posts?
  • $IMO token
  • So we've posted your thought
  • Offical T-Shirt
  • Join us on Discord
  • Build with us!
  • Use Cases
    • The New News
    • The Last Internet Argument
    • DeSci credibility, citations, and income
    • DAOs: Activism-for-profit
    • Prediction markets for public opinion
    • Crazy ideas
  • Roadmap
    • Partnerships & Integrations
    • Global knowledge graph
    • Bounties
  • PHILOSOPHY
    • Future epistemology (Ribbonfarm)
    • Status vs Truth
    • Summary of hypotheses
    • Heat Death of the Infoverse
    • Sun vs Wind
    • Bullshit recapture technology
    • Mirroring the world brain
    • Increasing population-scale comprehension
    • Journalism must become the trust-earning business
    • Exit the intellectual mafia
    • An Open Letter to Revolutionaries
    • Ideamarket Art
    • Does Ideamarket "measure truth"?
    • Beware "cryptographic truth" and the ledger of record
    • Meme Vault
  • FAQ
    • Why Arbitrum?
  • Past Experiments
    • Social account markets
    • The URL Market
  • Contracts
    • Quantstamp Audit
    • Overview
    • Bonding curve
    • IdeaTokenFactory
    • IdeaTokenExchange
    • InterestManager
    • IdeaTokenVault
    • MultiAction
    • IdeaTokenNameVerifier
  • Legal
    • Terms of Service
Powered by GitBook
On this page

Was this helpful?

  1. Roadmap

Bounties

PreviousGlobal knowledge graphNextFuture epistemology (Ribbonfarm)

Last updated 2 years ago

Was this helpful?

Bounties are designed to let anyone crowdsource money, to pay anyone else, to express an on-chain opinion about anything. Bounties will be paid to the recipient in $IMO.

There are several benefits to this:

  1. It creates a track record so that we can see whose opinions were useful in hindsight, and whose were misleading

  2. It puts $IMO in the hands of people whose opinions the public genuinely values, and is literally willing to pay for

  3. When prominent people participate, it increases Ideamarket’s visibility and advances our mission of creating credibility without institutions.

If a bountied opinion is seen as a "bad take," people might unstake from them, or trust them less. They have 2 ways to respond to that threat:

  1. Try to please the public. The problem is, the public often changes its mind, so it would soon appear that the bounty claimer had been wrong on this issue, and that would reduce trust in them and desire for future bounties.

  2. Speak their honest opinion. This might be seen as a bad take in the moment, but the hindsight of history might judge them favorably, and earn them a lot more trust in the future.

Prominent people are already incentivized to be "crowd pleasers" today — the problem is, there’s no accountability system to show who has been telling the truth and who has just been following the crowd. By creating a permanent track record, Ideamarket makes it much more difficult to stay a “crowd pleaser” for a long time, and a lot more rewarding to speak your honest mind.