A Primer on Idea Markets with Mike Elias

Mike Elias (@harmonylion1), crypto consultant, joins Erik on this episode to talk about idea markets.

They discuss:

- How he came up with the idea

- Examples of how this could be implemented in the real world

- The problems with the incentives of the world’s media

- Why it’s “impossible to kill an idea with force”

- How an idea market is like a mix of the Nasdaq and Reddit

- Why, as a society, we want to search for the ideas that are both “outrageous and true”

- Why William James said that we should measure ideas primarily by their usefulness

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Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.