Betting on the New Year
ExtZy is a prediction market, harnessing the power of players in the game to identify value in a way that has become known as 'crowd-sourcing'. According to perhaps the most famous crowd-sourced project - Wikipedia - this process:
"...is a neologism for the act of taking a task traditionally performed by an employee or contractor, and outsourcing it to an undefined, generally large group of people, in the form of an open call."
The core idea of crowd-sourcing is that a lot of normal individuals working loosely together are smarter or more accurate or more comprehensive than a select number of highly-educated or skilled specialists. This phenomenon is richly detailed in a book by James Surowiecki called "The Wisdom of Crowds: Why the Many Are Smarter Than the Few", where he lays out the scientific and social basis for the positive effects of 'group-think'.
ExtZy is a tool to facilitate exactly that, allowing a combination of hit-rates on websites, plus a market of individual investment decisions (based on players' personal experiences, knowledge, insights, and expectations) to identify real value in a wide range of content better than any one editor (or stockbroker) could do alone. So jump in the game, invest in a site that you see growing in the future, place a bet, add a post to the Forum with your thoughts, and help predict what's going to happen in 2009.
Happy New Year from Z/Yen and your Game Lords!