Market Curiosity: Exploring Markets And Systems

November 4, 2012

Castpoints – How forum owners, posters, advertisers, and lurkers would benefit

Filed under: Systems — Jeff Fitzmyers @ 10:05 am

Forum Owners
• The more people post, the more money you can make.
• Forums are self moderating: trolls and agent provocateurs are inherently discouraged from participating.
• Almost zero maintenance.
• Participating is fun.

Posters
• Whoever posts valuable content will earn money, and reputation.
• Posters actually want advertisers to participate because posters are either informed of valuable products, or share the advertiser’s cost to post.
• Realtime information highlights the kinds of content that pays best.
• If your post goers viral, you make a lot of money with zero additional effort.
• Posters own their work and rating. So…
• Posters can show different aspects of rating to different groups. Accountants, friends, professionals, teachers, public only see what the participant wants them to see.

Readers
• Easily view the gems from enormous amounts of information quickly.

Advertisers
• Either generate sales, or receive valuable feedback.
• Communities actually want your participation.
• Directly post ads without any middle people.

Middle People (don’t create content, but good at identifying valuable content)
• Excellent real time statistics to help make decisions.
• Promote content quickly with no negotiation.

Copyright holders
• Be paid for content use AND be paid if your content is miss-used.

Marc Stiegler’s 1999 Sci-fi book, Earthweb, coined “castpoints” as a system for humans to manage billions of fervent time sensitive suggestions dealing with incoming marauding aliens. The whole information industry is headed toward integrated information manipulation. Success stories illustrate facets of Castpoints: Consensus Point (idea futures), Kickstarter (funding platform), Hitrecord (collaborative production), and Collaborative Lab (aggregated reputation), Stackoverflow (collaborative Q&A), etc., but Castpoints is the whole diamond, and in many ways, simpler.

Historical Perspective

“The path to maximum prosperity will depend on finding ways to build economic systems in which new niches will generate spontaneously and abundantly.” – Stuart A. Kauffman

How Money Enters A Forum
Publishers of new forum topics use real time return on investment info to make decisions. The best opportunities for each poster are highlighted in green. They are based on current supply and demand and the posters history

How Money Is Paid To Posters
People want to spend money rating other’s posts because the more money a person puts into the system, the more they can be paid. Posters who earn the most are the ones who have high ratings and put lots of money into the system. Dividends are paid out every 7 days. Posts generate dividends as long as they continue to be rated.

How Posts Are Rated
In addition to the usual reply, repliers also indicate how much of a post they find valuable, and OPTIONALLY how strongly their conviction about the rating is.

A Post’s Header Looks Like This:

Clues to Changes in Mars’ Atmosphere 85%
By Jeff 75%

  • “85%” is the average percent value rating. Raters say 85% of the post is valuable, and on average people find Jeff’s posts to be 75% valuable.
  • The rank of total conviction and other statistics are a click away.

Post Promotion – Going Viral
If a post is copy and pasted to any website with castpoints plugged in, both the original poster and promoter can be paid dividends.

Vignettes
A reporter checks topics in an area of expertise and finds that demand is high right now but quality seems low. The reporter finalizes some fact checking and posts an article at a cost of $100.
A) Other’s give high value ratings. When dividends are paid at the end of 7 days, the reporter is paid $150.
B) Other’s give low value ratings. When dividends are paid at the end of 7 days, the reporter is paid $50. The reporter can study replies for constructive criticism, and rate a few valuable ones.

A proofreader replied to newsletter poster about a few typos with zero conviction. The newsletter poster replies to the proofreader with a high rating and some conviction. The proofreader made money starting with zero capital.

A Middle person sees a post on a small website they think has a lot of value. They promote it to a large website at a cost of $1,000.
A) Others give high value ratings The middle person gets paid $1,200 in 7 days, and the original poster gets (about) $100, with no additional effort.
B) Others give low value ratings. Middle person only gets paid $800 (so has a $200 loss), yet the original poster gets $30.

A company introduces a complex product. Online support can scale up, then dissipate automatically at no cost to the company.

Money Laundering
Almost impossible to do on a large scale because all money goes into the dividend fund and is distributed by merit, after 7 days. If participants try to create an overly large dividend on a small forum, that will quickly attract arbiters which defeats the purpose.

Related
+ Castpoints > Use case > Making money from posting a valuable article
+ Full Castpoints proposal: Castpoints: Using Nature’s Economic Paradigm To Manage All Resources Resulting In Win-Win Transactions.

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