What is the incentive for Truth Markets to come about? How does the market itself become profitable?
• Fixed transaction fees per trade, independent of trade volume • Monthly subscription fee for all traders • Selling advertising (e.g. pay-per-click web ads) • Premium content offeringsNobody is going to invest real money in “truth”. How is this really going to work? Billions are already being invested in electronic marketplaces on information futures for politics, weather, entertainment, current events, etc. The twist suggested here is to invest in the current truth value of a proposition as opposed to its future truth value. If you have any doubts about the demand, see the following: The Economist Wired Magazine “The price of orange juice futures has even been shown to accurately predict the weather” “Traders on the Hollywood Stock Exchange last year correctly picked 35 of the 40 Oscar nominees in the eight biggest categories, according to The New Yorker magazine.” Trade Exchange Network (TEN) “The Global Marketplace where Communities of People Invest in their Opinions” “3 platforms,
