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I just wrote another blog posts that explains some uses of newsconomy. Hopefully it makes it clearer what it is about: http://nickmudge.info/?post=81 http://nic

• iamwil 19y ago
  Yeah, I wasn't sure what lambdas were, and wasn't sure what 'buy' was on first glance. However, after reading that you can "do stuff" to news that you "buy", and putting it together with the name "newsconomy", it comes together in my mind. You're basically using capitalistic model to better rate the "value" of a news item--hence an economy/market based on trading(buying/selling) news, instead of using a basic democratic process modeled after political organizations (which is what digg/reddit/yc is modeled after). I think it makes sense for those that understand basic supply/demand and capitalism ideas, such as "decentralized market determines price", "invisible hand", etc. But for those that don't, they'll have a hard time with understanding why they're buying web links with no inherent value with virtual 'dollars' I assume lambdas are unit of exchange--price. You might want to call it something that people can infer are money...like "rupies", "newsdollar", etc.