I like the overlapping webs of trust idea that there’s no central authority, so each user just has to trust someone in order to get ratings from the system. If you can trust at least one other person, then you can get their rankings on who else has good thinking, and then integrate those people’s rankings, etc.
Of course, it all remains unfortunately very subjective. No ground truth comes in to help decide who was actually right, unlike in a betting market.
Ratings will change over time, and a formula could reward those who spot good intellectuals early (the analogy being that your ratings are like an investment portfolio).
I like the overlapping webs of trust idea that there’s no central authority, so each user just has to trust someone in order to get ratings from the system. If you can trust at least one other person, then you can get their rankings on who else has good thinking, and then integrate those people’s rankings, etc.
Of course, it all remains unfortunately very subjective. No ground truth comes in to help decide who was actually right, unlike in a betting market.
Ratings will change over time, and a formula could reward those who spot good intellectuals early (the analogy being that your ratings are like an investment portfolio).