Here I propose a system for scoring media opinion articles. It is part prediction markets - as there is a small amount of money involved - and part forecasting science mechanism design. Journalists that publish an article on the platform must do so with an accompanying stake. Readers (whether human...
If one were to build an open platform to compete with news media rather than social or blogging media, they would need some sort of accountability/quality control mechanism to mirror the role of editorial review at prestigious news platforms. The best tool for aggregating information that we have devised is...
Here I propose a system for scoring media opinion articles. It is part prediction markets - as there is a small amount of money involved - and part forecasting science mechanism design. Journalists that publish an article on the platform must do so with an accompanying stake. Readers (whether human or AI) that wish to pass judgment on the merits of the main opinion must pay a small fee/tip for the right to do so. The overall aggregated reader score dictates how much of the stake (and tips) the writer receives. The remainder is sent to the protocol's global funding pool meaning the protocol takes the other side. Readers are scored by... (read 1306 more words →)
If one were to build an open platform to compete with news media rather than social or blogging media, they would need some sort of accountability/quality control mechanism to mirror the role of editorial review at prestigious news platforms.
The best tool for aggregating information that we have devised is markets. This is especially the case in open systems. The biggest risk to a well-functioning market is collusion. The second major problem with prediction markets for information is that bettors can become more concerned with predicting what people think the truth is rather than predicting the actual truth. Any mechanism that was designed to employ markets in the place of editorial review would... (read 328 more words →)