Lets try to guess the number of beans in the jar.
In this thread we try to harness the wisdom of the crowd, the wisdom of the bitcointalk speculation forum. A forum of wise speculateers. So we are harnessing the combined speculative powers of the most speculative bunch of speculators there is.
use your powers of speculation to speculate the most speculative speculations
The Wisdom of Crowds won't work in this scenario, as it's missing a couple of elements:
Criteria DescriptionDiversity of opinion Each person should have private information even if it's just an eccentric interpretation of the known facts.
Independence People's opinions aren't determined by the opinions of those around them.
Decentralization People are able to specialize and draw on local knowledge.
Aggregation Some mechanism exists for turning private judgments into a collective decision.
If you think of "Who wants to be a millionaire", there's good reason that the audience get such a spectacularly high strike rate. They don't have time to confer or see what other peoples opinions are.