Note that an app like this would not be about signaling wealth. It’s about signaling being right and the ability to prove it. This is probably an even stronger and more engaging mechanism than signaling wealth – and the reason why I’m still bullish on prediction markets.
I spent the past few days thinking about what people were missing and why the rise of online creators is an important and positive societal shift. I boiled it down to five reasons:
Advertising, in theory, is the business of buying and selling human attention. And though the ad business makes up only a small portion of the overall Attention Economy, it plays a massive role in shaping almost every other business.
This isn’t really anything novel. But in our hyper-digital age, how information is framed often matters more than the substance of that information itself.