In the same vein as Bitcoin and Ethereum, which serve as financial infrastructure devoid of reliance on legacy finance, Ideamarket constructs credibility infrastructure without relying on legacy media or academia.

How it works:

The opinions of 100 individuals you trust will soon surpass the opinion of a single institution you do not trust. Instead of waiting 18 months for CNN to declare [x is true], you will be able to promptly point to an on-chain list of friends or influencers who highly rate [Post: “x is true”] within days, or even hours. As one individual aptly remarked, individuals are more difficult to manipulate than institutions.

Feedback loop between “who you trust” and “what they said when it mattered.” On-chain ratings facilitate the discernment of insightful individuals from those merely following trends. Imagine querying the on-chain record of opinions—“Who rated [IMPORTANT THING] above [90% CONFIDENCE] at [EARLY TIME]?” Every significant matter of subjective judgment becomes a filter for the thought leaders of tomorrow.

Infinite analytics layer. Since posts and ratings are on-chain, you can effortlessly filter personal opinions based on any on-chain characteristic.
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• What do BoredApe NFT holders hold most strongly in belief?
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• What do holders of BoredApe NFTs and Milady NFTs concur on the most?
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• What do Farcaster users believe most strongly?
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• What do users who possess over 5 ETH in their wallets and have previously utilized Uniswap before 2019 and have also rated [Post: “Joe Biden is a hologram”] above [90] most strongly believe?
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• It is conceivable that a dating app could be developed based on this concept. The app would identify users who consistently rate “I am single and female” above 90%.

Persuasion markets can also be utilized to settle prediction markets based on opinions:

• Will holders of ScienceDAO collectively rate a post titled “Ivermectin prevents COVID” above 90% by January 1, 2024?
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• Will users of Farcaster collectively rate a post titled “God exists” above 90% by January 1, 2024?
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• Will users who rated a post titled “COVID is coming to the United States” above 90 before February 1, 2020 collectively rate a post titled “Tether is a scam” above 90% by January 1, 2024?

In essence, the Ideamarket team aims to revolutionize social proof by validating and corroborating the veracity of presented information. Individuals with significant influence can earn rewards based on their accurate reporting. The primary objective is to establish a reputable standard for news agencies, political figures, celebrities, and others with substantial audiences, preventing the dissemination of blatant misinformation and agenda-driven content.