Help me re-start the Pittsburgh Stock Market ... really
So tried a number of sites that allow for ad-hoc markets.. most were pretty clunky to use, or seemed to have severe bandwidth/server issues. The one that worked best in my quick review was Inkling. So using their website I have created a number of contracts pertaining to events important here in the Burgh. Specifically it is now possible to
1. When will a casino open in Pittsburgh
2. Will the Penguins announce relocation on or before April 1st, 2007
This is all a work in progress obviously. I will need to make some fixed site for these links, just so people can find them in the future. But there is no reason you can't bookmark those sites now.
The upside: if enough people participate, this could be the optimal predictor of a lot of things. Could be fun to see if the predictions that come out of the market wind up to be accurate. Get in on the ground floor, as they say.
The downside: you need to register with inking to use the system. (how? see the top right of the main Inkling page where it has a box labeled "sign up" which will then ask you to "send your email address" to get started). Who wants to register for another website I know? Also, you can't really win any money. If you could this would be tantamount to gambling and illegal to do on your own. So the only real payoff from doing well in these virtual markets is the satisfaction of doing well. I will add in whatever notoriety this blog can offer to those who do well trading in theses contracts. Not quite sure what that means right now, but I am open to suggestions.
Could be fun? Try it out if you can. I actually worked on this over the weekend and really told nobody about it. I just checked and there is already some activity in these markets.