My email to well to do economist and predictor of bitcoins rise to $150: Max Keiser
Presumably having made a large chunk of money I thought it was good time to ask Max for a large favor to humanity:
Hey Max What are the two hottest things right now? Bitcoin and internet advertising!
http://www.technologyreview.com/news/429638/online-advertising-poised-to-finally-surpass-print/http://www.visualcapitalist.com/bitcoin-the-encryption-standard/Bitcoin has gotten a bad rap for its use in the underground deepweb and definitely has its potential for dark, however I want you to know about the Light I think is possible in bitcoin and humanity. Bitcoin is definitely going places but I may have stumbled upon a potential elusive obvious jewel that could take bitcoin and the world into a level previously unfathomable! SO PLEASE READ THIS AND HEAR ME OUT!
Imagine a website where advertisers pay for ads in bitcoins and then 100% of that money goes back to the users of that website for the content they provide. Points could be given out for actions on a website and be redeemable for bitcoins at some rate. Reddit users do this for karma already; imagine if it was for bitcoins. If a percentage of that ad revenue went toward a lottery of bitcoins as well as other novel prizes, the site could even encourage infrequent users to become involved by giving them a chance to acquire things they otherwise couldn’t. Without expending any effort a girl making a short comment about a famous secret family recipe hoping to get a few points to spend on a raffle for an antique cookbook maybe instead has her recipe go viral and nets enough points to claim thousands of dollars or maybe she enter the lotto and wins billions?!?! With a website that is sleek looking, easy to use, and allows for logged in or anonymous posting the possibility for quality content and growth is outstanding.
This would peg bitcoin as the currency backed by information and the stuff that peoples drives peoples’ time and passions!
The first thing that comes to me with the biggest obvious potential is a news site where content is incentived based on timeliness, accuracy, quality and reliability. Someone who breaks a story could get the largest share of a story's points followed by smaller rates for users who substantiate that story. Combined with a phone ap so that people could post easily from anywhere, instantaneous news could be created from people competing to get the largest share of the points from a popular story. Think of the possible incentive for whistle blowing alone if the greater number of the hits on the anonymous tip to a website with billions of hits entitled some redeemable bitcoins. The system would feed into itself: as more people come for the money and prizes then there would be better prizes which would draw more people etc.. Ultimately it would be spreading the peoples’ news at a rate otherwise unachievable.
Websites like this could pop up all over for things like news, social meet ups, hookups, volunteering opportunities, with a model of outputting 100% everything could be incentived. On a weather site an umbrella advertiser could be helping to raffle off a vacation to the Caribbean to get us northern folk out of the cold sometimes. It incentives people to view and deliver content around things they love and be rewarded for it by advertisers trying to reach out to their markets. And rather than be annoyed by ads, the users would have an appreciation for them for supplying the bitcoins for the website communities. Everyone wins!
It should be noted that to have a sustainable model, money from the front page of a site, as the center hub to the user content, would have to have to go toward site maintenance and fees and would help regulate the amount to spend on the site and server upgrades.
While I can’t fund the endeavor of setting up and advertising a site myself, I urge you Max to somehow one day build a prototype model site around news. I know it would grow tremendously!
I’d love to talk to you more and discuss some great ideas on how to have content filter so that only the most reliable, timely, and lulzy information is reaching the masses
If in 2010 every two days we created as much information as we did from the dawn of civilization up until 2003, think about that force behind bitcoin. It could one day be like a new global barter system with bitcoin, with people just getting bitcoins by outputting positive value on the internet. A website where people are incetivized to post pictures of cats and random hugs, we could be bring adorable kittens to my computer screen as well as joy to random people throughout the world at a new pace. And Squelch any talk of some sort of near bitcoin bubble. Peoples’ new jobs could be doing what they love and getting rewarded for it. Go on a blind date with someone else who likes Game of Thrones and Firefly and if it doesn’t work out use the point you earned to try and win that always growing worldwide jackpot or maybe just try your chances for a prop from the set!
Max help me tell the world that we not only think that our voices matter, but that they are worth their weight in digital gold!
I would rather put my faith in all of humanity than a few corporations.
P.S. Max would really love to go 50-50…45-55…alright alright you drive a hard bargain, I guess that’s why you’re the best, 33% for me and 77% share for you of excess front page revenue left over after maintenance costs and ultimate server power.
Could it be this easy? Please email me back at,
digitalgold4all@yahoo.comMake a difference! Spread the word and let max know.
Tweet @ maxkeiser #digitalgold4all
https://twitter.com/maxkeiser
