TOM W. BELL: Thanks, Chris. Thanks, too, for being such an effective gadfly. I might well have blown off the whole exercise if you had not kept blogging about how you were awaiting my comment!

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&#8220-Gadfly&#8221- is a term for people who upset the status quo by posing upsetting or novel questions, or attempt to stimulate innovation by proving an irritant.

The term &#8220-gadfly&#8221- (Gk. muopa) was used by Plato in the Apology to describe Socrates&#8216- relationship of uncomfortable goad to the Athenian political scene, which he compared to a slow and dimwitted horse. The Bible also references the gadfly in terms of political influence- The Book of Jeremiah (46:20, Darby Bible) states &#8220-Egypt is a very fair heifer- the gad-fly cometh, it cometh from the north.&#8221- The term has been used to describe many politicians and social commentators- in modern Hebrew, which knows many more idioms than those used by Jeremiah, gadfly is &#8220-mekhapes pagam&#8221- literally &#8220-fault finder&#8221-.

During his defense when on trial for his life, Socrates, according to Plato&#8217-s writings, pointed out that dissent, like the tiny (relative to the size of a horse) gadfly, was easy to swat, but the cost to society of silencing individuals who were irritating could be very high. &#8220-If you kill a man like me, you will injure yourselves more than you will injure me,&#8221- because his role was that of a gadfly, &#8220-to sting people and whip them into a fury, all in the service of truth.&#8221-

In modern and local politics, gadfly is a term used to describe someone who persistently challenges people in positions of power, the status quo or a popular position. The word may be uttered in a pejorative sense, while at the same time be accepted as a description of honorable work or civic duty.

I&#8216-m a modern-day Socrates&#8230- !!!&#8230- :-D

Previously: Let’s Tell the CFTC Where to Go. – by Tom W. Bell

How Midas Oracle got started off…

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Previous blog posts by Chris F. Masse:

  • Excellent article about enterprise prediction markets and Inkling Markets —with a good word for Robin Hanson, who invented MSR.
  • HubDub limitations
  • BetFair Developer Program use Joomla! as their blog software (and CMS).
  • Lawsuit aiming at compelling the office of the United States trade representative to produce a copy of its compensation settlement with the European Union over the United States’ withdrawal of gambling services from the General Agreement on Trade in Services.
  • Iraq War = “not necessary”, “a serious strategic blunder” — US News Media = “complicit enablers” in the manipulation of the public (“the propaganda campaign”) — George W. Bush turned away “from candor and honesty when those qualities were most needed.”
  • JASON RUSPINI’S CROCKERY: The Brain states forcefully that they are not “event futures”, but “binary options”. Still, as soon as he premieres prediction markets on tax rates at InTrade, he calls them “tax futures” —of course.
  • Tasmania’s Prime Minister who licenced BetFair Australia departs “abruptly”.

Google Search thinks that Midas Oracle has more value than the New York Times and Freakonomics when the topic is Googles enterprise prediction markets. How do you like that, Bo? Its cool, no?

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Previous blog posts by Chris F. Masse:

  • Excellent article about enterprise prediction markets and Inkling Markets —with a good word for Robin Hanson, who invented MSR.
  • HubDub limitations
  • BetFair Developer Program use Joomla! as their blog software (and CMS).
  • Lawsuit aiming at compelling the office of the United States trade representative to produce a copy of its compensation settlement with the European Union over the United States’ withdrawal of gambling services from the General Agreement on Trade in Services.
  • Iraq War = “not necessary”, “a serious strategic blunder” — US News Media = “complicit enablers” in the manipulation of the public (“the propaganda campaign”) — George W. Bush turned away “from candor and honesty when those qualities were most needed.”
  • JASON RUSPINI’S CROCKERY: The Brain states forcefully that they are not “event futures”, but “binary options”. Still, as soon as he premieres prediction markets on tax rates at InTrade, he calls them “tax futures” —of course.
  • Tasmania’s Prime Minister who licenced BetFair Australia departs “abruptly”.

STEVE LEVITTS FREAKONOMICS HIJACKED BY HACKER – FAMOUS ECONOMICS BLOG TEMPORARILY DEFACED – ANTI-SPORTS BETTING BILE VOICED

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Freakonomics, the famous blog on economics, is powered by WordPress, which is known [*] to have grave security vulnerabilities. Yesterday, a dangerous hacker managed to get access to their blogging software, and published an opinion on the regulation of prediction markets, which represents the total opposite of what Steve Levitt believes in. No doubt the hacker (who signed as &#8220-The Australopithecus&#8220-) will get caught by the Police. No doubt Steve Levitt will get out of his torpor soon and re-establish the truth. We will then give airtime to Steve Levitt&#8217-s arguments, on Midas Oracle. We&#8217-re with you, doctor Levitt.

[*] I know that for a fact. Midas Oracle was hijacked yesterday by a dangerous hacker who signed as &#8220-The Barbecue&#8221-. I&#8217-m not responsible for what he said.

When Chris Masse (with typo) pinches Henry Blodgets nose

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Previous blog posts by Chris F. Masse:

  • We could use a US Gambling And Betting Commission, but the best would be to have prediction exchanges (modeled after BetFair) that alert the sports bodies about any suspicions.
  • Did Patri Friedman misread BetFair?
  • BetFair makes the frontpage of the New York Times –as the White Knight of sports. — Note that the term “prediction markets” is never pronounced. — TradeSports is not mentioned, but the last paragraph of the article suggests that all Internet sports betting should be legal and regulated.
  • In the prediction market timeline, it’s 00:05 am. The most interesting developments of the field of prediction markets are yet to come. Join the Midas Oracle Project.
  • How Midas Oracle got started off…
  • Google Search thinks that Midas Oracle has more value than the New York Times and Freakonomics when the topic is Google’s enterprise prediction markets. How do you like that, Bo? It’s “cool”, no?
  • Using Prediction Markets to Track Information Flows: Evidence from Google — VIDEO — Bo Cowgill on Google’s enterprise prediction markets — O’Reilly Money:Tech