Hello everyone,

I released my website www.objectivebitcoin.com earlier today, and I thought it might be of particular use to speculating efforts.

Basically what my service does is collect submitted content from various sites on the interwebs, classifies each bit of information as positive or negative, and compiles its findings into an indicator value.  The indicator is a z-score of averaged sentiment from the past x hours when compared to the distribution of the past y days.  X and Y are variable, as I'm still working on fine tuning the indicator to better correlate with price changes.

Right now the indicator is updating every hour, but I have plans to increase that resolution, as well as develop an API.

Let me know what you think - I'd be happy to hear any feedback you have.

Hi everyone  ,

I wanted to release to you a project I've been working on for the past month - www.objectivebitcoin.com.  Basically the goal is to keep up with what people are saying on social media and online communities, automatically classify the seniment of anything relevant, and compile those statistics into an indicator.

A negative value for the indicator means that sentiment is trending negative, while a positive value means that sentiment is trending positive.  The indicator is a z-score of the average sentment rating of the past hour, compared to the average sentiment rating of the past day or two. I did it this way because most of what I'm finding at the moment is overwhelmingly positive.

My algorithm is still fairly basic, and I plan to upgrade that as I work on it.  I'll also calculate a correlation value (with change in exchange rate) based on running the current algorithm on historic data.

I would be grateful for any and all feedback you may have!  I'm here to provide a service to the Bitcoin community.

For me, Bitcoin comes up in conversation a lot, and I always have trouble explaining to people exactly what it is, without completely confusing them.  I usually call it "anonymous digital cash," or something to that effect.

Any thoughts on how you explain Bitcoin to the non-initiated?