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Show HN: Verifact - A decentralised platform for verifying facts

10 points| aantthony | 5 years ago |verifact.io

12 comments

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aantthony|5 years ago

Hey everyone,

This is a project I'm working on to get more truth on the internet. If deemed factual by the network, you gain more tokens from those who voted opposite to you. It uses the logarithmic market scoring rule (LMSR), and after one side holds a majority for 7 days, that side is paid out (no real money is involved yet, points are all free).

What do you think?

uniqueid|5 years ago

I applaud your effort, but, while there may actually be a single version of truth in the universe, there is effectively no good way to prove it.

I don't think a show of hands is helpful. I regularly encounter Reddit threads with 95% of the comments agreeing on something that elsewhere in the thread is clearly shown to be dis- or mis- information.

Cutting out political bias also fails to solve problems, because there are plenty of gullible, but "unbiased", fools out there, whose fact-checking isn't valuable. In fact, fools on the internet unwittingly do plenty of legwork for clever propagandists.

In my opinion, what would be useful is to allow the user to choose other users whom he or she trusts, and get a truth score based on their opinions. Create that and I'll be the first to join.

notduncansmith|5 years ago

What is the process for overturning a ruling? I worked with some blockchain folks on this concept and I will say, it is rife with challenges.

The most important thing you can do right now, if you want people to invest their energy in this app, is to convince people that you understand the human relationship with truth-seeking well enough to optimize the process with technology. That will take some thoughtful writing.

oltdaniel|5 years ago

I think, the core system isn't thought through correctly. I mean, as I have see clicking on different facts that habe been checked, I can place one or dozens of votes for my opinion. What if there is a user thaz gained so many vote tokens and just outvotes other opiniond on something?

A vote should be binary. I can or can't vote. Summary: The main idea is kinda ok, but the system to solve it isn't something I would trust.

Correct me, if I misunderstood something.

nnn1234|5 years ago

Have you looked at ideamarkets.org and whatever happenned with trustory? I dont know why people want are building blockchain based fact verifiers.something in the zeitgiest. Best of luck with this project.