29 April 2003

Market forces

I just registered myself to Blogshares, a fantasy stock market for weblogs. When you register you are awarded $500 of fictional capital to invest in "blogshares." These are shares in a particular blog, whose value corresponds to the number of links to that blog.

It's a neat concept because blog linking is probably more determinant upon social and cultural forces rather than macroeconomic ones. So it'll be interesting to analyse how this stock market will differ in operation from the usual capitalist markets. Perhaps regular blogs might even be influenced by the Blogshares market and begin behaving like normal free market commodities?

I can't wait to try and make my first $109. Buy, buy, buy Epicycle! :)