No thanksgiving on this side of the pond but a nice thursday evening in Amsterdam. A nice post by Nicolas Nova (one of my favorite blogs) on an article in the Economist on the fading fad of futurism:
Think small, think short—and listen
So there you are on the moon, reading The World in 2008 on disposable digital paper and waiting for the videophone to ring. But no rush, because you’re going to live for ever—and if you don’t, there’s a backed-up copy of your brain for downloading to your clone.
The most heeded futurists these days are not individuals, but prediction markets, where the informed guesswork of many is consolidated into hard probability. Will Osama bin Laden be caught in 2008? Only a 15% chance, said Newsfutures in mid-October 2007. Would Iran have nuclear weapons by January 1st 2008? Only a 6.6% chance, said Inkling Markets. Will George Bush pardon Lewis “Scooter” Libby? A better-than-40% chance, said Intrade. There may even be a prediction market somewhere taking bets on immortality. But beware: long- and short-sellers alike will find it hard to collect.
Reminds me of a quote from CNBC
back in 2000: '"time is money, so real-time is real money". Where is my online prediction market?