Bill Gates, Warren Buffett, and all the Giving Pledge billionaires, should rather do what Peter Thiel does -go investing their cash and/or (liquidated) fortune in futuristic projects. – [VIDEO]

This morning, I wrote that I disaprove Bill Gates and Warren Buffett&#8217-s Giving Pledge operation, because I rather favor billionaires investing in young startups lead by visionaries. Well, just after the publication of that post, I stumbled on the &#8220-Audacious Optimism&#8221- event, which satisfies my request.

The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.

Note that Peter Thiel draws a distinction between “extensive” technologies, which “take things that are working and replicate them&#8221-, and “intensive” technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better&#8221-.

Predictify got funded… Great for those who will be hired… But is it a good thing, overall?

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Via Nigel Eccles and Mat Fogarty, the Predictify blog, Mashable, and VentureBeat.

NewsFutures, Consensus Point and Inkling Markets were self-funded, are now profitable, and are continuing to address their customers&#8217- problems with a continually improved technology. These 3 prediction market software vendors are proving that you can create a sustainable business without the need to get &#8220-funded&#8221- by angel investors or VCs. With the money from those guys also comes the pressure to &#8220-monetize&#8221- every thing. It&#8217-s not always a good thing to have the suits running the show. NewsFutures, Consensus Point and Inkling Markets are still in the hands of their founders, and they are still free to execute their vision &#8212-the way they want.

What&#8217-s your view, folks?

Previous blog posts by Chris F. Masse:

  • A second look at HedgeStreet’s comment to the CFTC about “event markets”
  • Since YooPick opened their door, Midas Oracle has been getting, daily, 2 or 3 dozens referrals from FaceBook.
  • US presidential hopeful John McCain hates the Midas Oracle bloggers.
  • If you have tried to contact Chris Masse thru the Midas Oracle Contact Form, I’m terribly sorry to inform you that your message was not delivered to the recipient.
  • “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S & P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
  • Meet professor Thomas W. Malone (on the right), from the MIT’s Center for Collective Intelligence.