A Social Futures Market

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A Social Futures Market Anonymous Mon Apr 30 05:49:23 2018 No.9167108 [Reply] [Original]

The U Network platform is much more than a “better steemit”, better comparison would be steemit+nasdaq.

>The goal is to create an efficient content-value driven prediction market
>If a user finds the current upvotes (price) is lower than their predicted price or valuation, users can ‘upvote’ to ‘long’ the content.
>Every ‘upvote’ would cost a small amount of Sugar (or equivalent points).
>In this way, users participating in this prediction market have a chance of gaining profit, as a reward for them discovering quality content.

There is incentive for both large corporations and small independent creators to use this platform. Content can be released, users long their own posts and pay for marketing efforts to gain exposure and rise in popularity. Since they are essentially opening a long, once they close their position they have:
1. recouped marketing costs
2. generated massive exposure
3. possibly even turned a profit

Every single post on this platform becomes a speculative asset. The way that companies profit from social media now is very inconsistent and messy. This concept is essentially social media shifting to direct value.

In a lot of ways this could boost the industry, and open up more diversity and creative freedom for content creation. As valuation becomes more accurate and the system rewards what people genuinely enjoy, the content and approach will shift. Very interesting to think that there will be a niche of people constantly betting on these social posts trying to profit; but really, our speculative shitcoin tech is not much better.

The concept is concrete and just like crypto, rapid adoption comes when theres superior profit potential. This is the creation of a new social futures market very similar to tokenized assets.

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