as seen in
Cash in on your clout
Passive income from your audience's confidence in you
Mainnet January 2021
Philosophy
Ideamarket’s founding goal is to curate information sources without a centralized third party to offer a stamp of legitimacy (a media corporation, for example).
If Ideamarket becomes the new “arbiter of credibility,” replacing corporate anointment with public skin-in-the-game, earning trust becomes more profitable than faking it. Genuinely trusted voices attain a high rank "for free" as their audience buys upvotes out of sincere belief and self-interest, while fake voices must pay out of pocket. Over time, market cycles shake out both the deceivers and the deceived.
Introduction
Decentralizing the search for truth using idea markets
More detail
The problem with 'facts'How trust powers the knowledge economyReplacing 'facts' with 'risk-management'
Docs
Twitter
How it works
1
Ideamarket lists Twitter accounts on an exchange.
To increase a listing's rank, buy upvotes.
Upvote tokens are minted via bonding curve, so votes bought later cost more.
2
Money spent on upvotes is held in a decentralized lending protocol (compound.finance).
Compound lends these deposits to borrowers, who pay interest (usually 1-10% annually).
Like reddit, with a profit motive. ("buy low, sell high")
3
All interest generated by upvote deposits goes to the owner of the upvoted account.
This creates a new passive income stream for Twitter users — without any new work required.
Their failure is
our advertising.
Meet the market-curated endowment.
Looks like a market...
...pays like an endowment.
PS — You want to be first.
Cash in on your clout
Earn passive income from your audience's confidence in you
Cash in on your clout.
Earn passive income from your community's confidence in you.
How it works
Ideamarket is the world's first market-curated endowment.
It looks like a market, and pays like an endowment. Deposits against each listing generate interest, paid to the owner of the listed account. The 1YR Income column shows what the account owner will earn in a year.
A new income stream for creators.
The End of Fake News
(corporate and otherwise)
Stock markets measure perceived value.
Idea Markets measure perceived credibility.
Instead of buying shares of companies,
you buy votes for publishers.
Get rich by being right.
Buy votes to increase a publisher's rank. As rank increases, so does the value of your stake.
The more courageous your thinking, the more you profit.
Profit from being "on the right side of history." Genuine understanding pays — no matter your point of view.
Earn money while fighting propaganda.
They can't afford to ignore you anymore.
Why am I so excited about idea markets?
— Erik Torenberg (@eriktorenberg) September 13, 2019
Imagine cataloging the zeitgeist in real-time-- and being able to trace the relative popularity of ideas overtime.
How do people feel about capitalism? The Intellectual Dark Web? The New York Times? The Knicks?
Idea markets will show... https://t.co/rBy1FfRwh7
"In the same way that fiat currencies are valuable only because governments say they are, fiat narratives are true only because media corporations say they are."
— Balaji S. Srinivasan (@balajis) August 6, 2019
That's a great one liner!
Not yet sold on the concept of idea markets, but more here:https://t.co/SvJxdZr0oA
Passive income for journalists
The trust you've built with your audience has value.
Idea Markets turns that value into passive income, while growing your influence.
No ads, subscriptions, or donations required.
Profit by earning trust.
That's it.
Free-market curation
(not admin censorship)
Our browser extension displays the domain rank for each link, so anyone can see how much trust a publisher has earned.
Sign up to learn more about Idea Markets and our current investment round:
Get listed for free on the stock market for credibility.
Publishers profit by earning trust.
The Epistemic Revolution
A stock market for credibility rewards people for courageous thinking and makes lying expensive.
Create productive discourse
by making mutual understanding a financial necessity
Undermine propaganda
by moving money (and trust) from platforms that imitate insight to those that truly provide it
Solve fake news effortlessly
by making credibility prohibitively expensive to fake
"NASDAQ for X"
Idea Markets mimics the incentives of stock markets.
All deposits earn interest, but interest is given only to market winners.
Interest from all deposits is divided between holders of top-ranking tokens (those with >1% of the total market's capitalization).
A percentage of all deposits are kept in the Permafund forever — a "snowballing" interest pool.
Market winners earn more interest than the Compound rate, counterbalanced by capital risk.
This enables both speculation and income.
Credibility markets are one of many use cases.
By replacing credentialism with skin-in-the-game, Ideamarket allows a group to curate anything and send an unstoppable signal.
Ideamarket as governance
Create "perpetual elections" by allocating interest on all deposits to holders of only the #1 token.
Have a private election for your DAO by creating your own token and making it the only acceptable deposit currency.
Click the button below to join the world's first unstoppable conversation.
Where does my money go?
When you buy votes on Ideamarket, your money is deposited into software that acts like a bank. It offers secured loans to others, and pays interest on your deposit. Interest is distributed to the owners of top-ranking sites on Ideamarket. You can sell your votes at their current price and withdraw your money at any time.
How is Ideamarket unstoppable?
Ideamarket is built on Ethereum — software that behaves like financial institutions, completely without human involvement. Think “Napster for finance.” Ethereum is maintained by thousands of peer-to-peer nodes, so it's virtually impossible to shut down. Transacting on Ethereum has its own risks, but they're mostly technical instead of counterparty risks.
Can't someone just "buy their way to the top"?
If you buy a high ranking, you must pay out of pocket. But publishers that earn a high ranking crowdsource its cost. In a mature market, the difference in profitability between a buyer and an earner is decisive.
Learn More
Learn more: Introduction to Idea Markets
Price discovery.
This is a list of the most credible websites in the world.
(Don't see it? View on desktop and sign in with Metamask)
"I don't understand. Why does credibility need a stock market?"
Introduction to Idea Markets
The literal "marketplace of ideas."
How it works
Idea Markets reverses Brandolini's Law
"It takes less energy to refute bullshit than to produce it."
1
Your rank is your influence.
Readers vote to increase your rank.
3
Get new viewers immediately.
Readers are rewarded for discovering the best new publishers.
2
Only your readers impact your rank.
Not big tech, your government, or your competitors.
4
Money spent voting for you, pays interest to you.
Earn a living without compromising your ideals.
Price discovery.
Idea Markets reverses Brandolini's Law:
"It takes less energy to refute bullshit than to produce it."
| Facts | Risk management |
|---|---|
| Implies knowledge is certain ("write facts to blockchain") | Implies knowledge is uncertain ("we'll see") |
| Black and white (facts vs myths) | Shades of grey (seems more useful vs less) |
| Moral obligation to accept ("Don't deny science!") | Financial necessity to doubt ("Markets make fools of people.") |
| Moral crusade to convince ("Everyone must accept my facts") | No need to convince ("They'll profit if they agree with me, their loss if not") |
| Contempt for doubters ("science deniers") | Respect for doubters (Bears vs Bulls) |
| Morally justifies stubbornness ("It's a fact, I don't need to question it") | Incentivizes intellectual honesty ("I lose money if I don't question everything.") |
Credibility is valuable.
Why do media corporations get it for free?
Leading publishers face displacement by superior competitors — just like companies.
Make money — and an impact.
Sign up for updates:
How is Ideamarket unstoppable?
Ideamarket is built on Ethereum — software that behaves like financial institutions, completely without human involvement. Think “Napster for finance.” Ethereum is maintained by thousands of peer-to-peer nodes, so it's virtually impossible to shut down. Transacting on Ethereum has its own risks, but they're mostly technical instead of counterparty risks.
"It takes less energy to refute bullshit than to produce it."
Ideamarket votes vs Campaign donations
| . | Campaign donations | Ideamarket votes |
|---|---|---|
| Get your money back | ❌ | ✅ |
| Make a difference after election | ❌ | ✅ |
| Overcome media sabotage | ❌ | ✅ |
| Title | Author | Year | ISBN |
|---|---|---|---|
| ❌ Brandolini's Law: "It takes more energy to refute bullshit than to produce it." | ✅ Idea Markets: "It takes less energy to refute bullshit than to produce it." |
How it works
When seeking narratives, we seek authority.
When seeking investments, we seek value.
Therefore, the best way to choose public narratives is with investment.
Take on corporate media without ads, subscriptions, or donations
The impact you've always wanted to make.
Release date: March 1, 2020 (Delayed)
Credibility should come from you, not from corrupt institutions.
Ideamarket takes the power back.
Humans are memetically modified organisms.
Frustrated people buy more escapes. Outraged people ask fewer questions.
Become Unstoppable
— How it works —
Unstoppable Pass entitles you to:
Unlimited personal attention from Ideamarket staff, to make sure you have full access to all Ideamarket features NOW, no matter your technical expertiseInvitation to private chat where Secret Plans are discussed
All proceeds go to development
Start now with the Unstoppable Pass
Conspiracy theorists were right.
Now, they're rich.
For Publishers
Take on corporate media without ads, subscriptions, or donations
Ideamarket takes the power back.
Crypto's brightest are taking notice. You should too.
Corporate media has failed.
Public narratives shouldn't be decided by private interests.
Ideamarket allows publishers and their audiences to establish uncensorable credibility
without relying on corporate media for legitimacy.
The amount of energy needed to refute bullshit is an order of magnitude bigger than to produce it."
Profit by discovering undervalued publishers
Trust:
Make money from what matters — the trust you've established with your audience.
(no ads, subscriptions, or donations)
Ideamarket allows publishers and their audiences to establish uncensorable credibility by risking money.
100% free, forever.
More viewers.
More profits.
More credibility.
100% free, forever.
"Why does credibility need a stock market?"
Introduction to Idea Markets
Get new viewers immediately.
Users seek the best low-ranked publishers, so you'll immediately start getting new viewers.
Users buy votes to increase your ranking.
The higher the rank, the more expensive the votes. Users profit by discovering the best publishers early — and lose by following unwise crowds.
Money spent voting for you, pays interest to you.
Money spent on votes stays in a lending platform earning interest — often 1-10% annually — and that interest gets paid to you.
$1 million in votes =
$10,000-$100,000 per year
A market for credibility solves the conflict of interest between publishers and readers.
Monetize your credibility
without ads, subscriptions, or donations
| Campaign Donations | Idea Markets |
|---|---|
| ❌ Never get money back | ✅ Get some money back, potentially a profit |
| ❌ Stops mattering after the election | ✅ Never stops mattering |
| ❌ Vulnerable to sabotage by established media | ✅ Redefines "established media" |
| Uncensorable | Unpartisan | Unstoppable |
|---|---|---|
| A listed publication can never be removed from the global conversation. | Idea markets don't care what you believe—only that you believe it enough to risk money. | Idea markets makes it prohibitively expensive to control the narrative by force. |
Ideamarket vs Political donations
How it works
Buy tokens
Buying tokens increases the visibility of a publication. Top tokens earn interest from deposits across the entire market.
Submit publications
Know a voice that deserves to be heard? Submit and make it a permanent part of the conversation.
Become a venture philosopher
Profit by discovering the best publications and narratives and making them popular.
It's impossible for us to steal your money — it's deposited into software that runs by itself on a distributed peer-to-peer network, not into our bank account. Only you can sell, withdraw, or lose your money.
Tolerate corporate media or build the future
Which do you think is the right thing to do?
IdeaMarkets is 100% community-funded and developed.
Contribute finances, skills, or introductions here.
Follow us
IdeaMarkets is 100% community-funded and developed.
Join us in betting on human reason:
BTC 3QwXznSsH6kRrNWeUJEXXBcaBbyjLWsNYq
ETH 0x53693879280914F96d68B7492f64180d03081E1F
Time and effort https://t.me/joinchat/GqbLsRWJOEjD_aTKJA96lQ
Welcome!
Excited to have you with us.
Feel free to join us on Twitter and Discord.
Learn more:
Intro: Decentralizing the search for truth using idea markets
Whitepaper
Twitter
Investment deck
Apply as a launch partner
Or, simply click here:
Thanks for signing up!
Ideamarket.io is a web3 site.
In order to use it right now, you’ll need Ethereum and DAI in your crypto wallet (Metamask, Brave, or Portis).
If you've never heard of any of that, no problem.
1. Visit Ideamarket.io
2. When prompted, choose "Portis" (mobile: "Continue")
3. When you go to submit a publication or buy tokens, choose "Complete with Debit Card."
You're ready to go!
Contact
Tolerating corporate media
vs
Building the future
Which do you think is the right thing to do?
IdeaMarkets is 100% community-funded and developed.
Contribute finances, skills, or time here.
“If we care for certain things, we must in honesty hazard some hope in their defense. A good deal of what we value most, whether openly or in silence, clearly or confusedly, is necessarily common. These are things that affect us all, and we can only preserve or neglect them together.” —Jedediah Purdy, For Common Things
Creates intellectual gold rush
Where smart people get rich by identifying ideas that shape the future
Get notified when we launch:
Central banks print money.
Centralized media print credibility.
Idea markets return this power to the public.
Central banks create money.
Centralized media create credibility.
Idea markets allow the public to create credibility for ourselves.
Idea markets give the public the power to decide what's true, important, and trustworthy.
Uncensorable: A listed publication can't be removed from the conversation.Unpartisan: Idea markets don't care what you believe—only that you believe it enough to risk money.Unstoppable: Idea markets will make it more profitable for media to earn public trust than to control public opinion.
Solves the
fake news crisis
corporate news crisis
partisanship crisis
In one swoop.
Corporate media would rather control public opinion than earn public trust.
Idea markets make it more profitable for media to earn public trust than to control public opinion.
Idea markets give the public irrevocable power to decide what narratives are credible.
Centralized media create "fiat narratives" that are only true because they say they are.
Corporate media would rather control public opinion than earn public trust.
Idea markets are a decentralized platform for measuring public trust—a stock market for narrative credibility.
Idea markets provide independence from public narratives created by private interests.
Central banks print money.
Centralized media print credibility.
Idea markets give the public the power to decide credibility.
Idea markets make it more profitable for media corporations to earn public trust than to control public opinion.
Get notified when we launch:
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