ideamarkets

Idea Markets

I'd like to build a curation market that works like reddit, only submissions are ranked by market cap rather than by upvotes.

User journey:

1) User submits link to existing tweet 2) Tweet content immortalized on ETH blockchain, bonding curve token established for that particular tweet 3) Users buy/sell tokens for each tweet (using ETH or DAI), tweets ranked by USD equivalent market cap

Buy/sell curve is asymmetrical, so people always buy at a slight premium and sell at a slight loss (see image: )

THAT'S IT!

Tools to make this as easy as possible:

1. Alpha code for curation markets: https://github.com/ConsenSys/curationmarkets
2. Easy-onboarding web wallet: http://portis.io
3. Intro to curation markets: https://medium.com/@simondlr/introducing-curation-markets-trade-popularity-of-memes-information-with-code-70bf6fed9881
4. Reddit code: https://github.com/reddit (optional, but would be awesome)

Future versions:

The platform pools the profits in a reserve and distributes to token holders according to market cap (like Uniswap with liquidity pools) "Sub-markets" (like subreddits) can be created to rank tweets for any topic

Full background on what this is for: https://medium.com/@harmonylion1/decentralizing-the-search-for-truth-using-financial-markets-648bf4408b5c