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Free Markets

nasdaq_exchange.jpgWe trade ownership of companies on the NYSE, NASDAQ, and AMEX. We trade oil and metal on the NYMEX. We trade currencies on the FOREX. We can even bet on Hollywood movies on the Hollywood Stock Exchange. Awhile ago, a reader even pointed out a fake online market where people could trade futures on terrorism, betting on where acts of terrorism would happen next.

Enron invented the idea of trading energy, and their traders made tons of money moving energy around the country (though they manipulated the markets). Even though Enron's trading was crooked, I really wonder, what else can we trade? Or maybe it's possible to improve upon an existing market? For instance, the Nasdaq revolutionized the way we trade stocks by eliminating the need for an actual physical location for traders to meet.

Anyway, whenever I'm bored, I try to think of new ideas on how to make money. One of my hopes is to create an open, online, free market, where people can come trade some type of commodity (I can't come up with any good idea yet). All the easy things to trade, like stocks, oil, and gold, are already being traded on well established markets. I just hope to think up some crazy idea that will work. Maybe one day you'll hear about the BTX, The Bull Trader Exchange, where traders from all over the world come to trade _________.



3 Responses to “Free Markets”


By Andy on December 1st, 2005 at 11:08 am

If you listened to All Things Considered on NPR last night, you would have heard of trading virtual gold for an online game. I didn’t catch the name of the game, but in order to get to a higher level, you need to win, or buy gold. The virtual gold is now being sold on Ebay for cold, hard cash.

By Anonymous on December 1st, 2005 at 7:17 pm

I think it would be both hilarious and awesome if some MMORPG currency was added to the FX market. Actually, I’m quite sure taht will someday happen considering the growing popularity and life consuming capabilities of MMORPGs.

By a on December 1st, 2005 at 11:07 pm

What, no ransom market maker for “The Sims” characters? The horror!

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