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Ideamarket with Mike Elias and James Ellis

January 11, 2022 By Brendon Marotta

Ideamarket allows you to invest cryptocurrency into ideas to solve the information problem we all face: How do you know who to trust and what to pay attention to?


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In this episode, Mike Elias and James Ellis from Ideamarket break down the future of trust online.

Topics Discussed In This Episode:

  • [01:22] What is the two-sentence elevator pitch for Idea Market?
  • [04:26] How idea Market helps find the good in all the noise.
  • [10:56] Proliferation of information
  • [12:24] How crowdsourcing model works
  • [18:08] Pumping and building an idea through a small vocal fanbase
  • [23;43] Preventative measures against dominant media building and flooding ideas in the incumbent media.
  • [26:52] Can you sell an idea on Idea Market?
  • [28:18] Betting on a competing idea
  • [32:35] How ideas are valued on idea Market
  • [37:00] The metaphor of a fact
  • [45:38] Facts are extremely deep assumptions
  • [47:35] Managing the uncertainty
  • [52:00] Using past experiences to make assumptions for the future.
  • [53:50] Financial costs of buying into ideas on the platform
  • [56:02] How to use the idea market platform
  • [58:12] Advice to those who haven’t joined crypto yet
  • [1:01:38] Putting your money on Twitter personalities.
  • [1:04:31] How to get in touch with Mike and James
  • [1:06:47] Idea Market as an income stream

Resources

  • Ideamarket website
  • Ideakmarket user tutorial
  • Mike Elias on facts (Part 1, 2, 3)

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    https://brendonmarotta.com/show/
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