The Wisdom of Crowds: Now in Crypto Trading

Remember the story from The Wisdom of Crowds by James Surowiecki about the bull at a livestock fair? Participants - farmers, zoologists, and casual visitors - were asked to guess the bull's weight. While individual guesses varied wildly, the average of all guesses was nearly spot on. This highlights how collective opinions can be incredibly accurate, even when individuals lack expertise. Surowiecki argued that diverse crowds often make better decisions than experts.

Fission is a new project leveraging this “wisdom of the crowd” to predict trends in the crypto market. The project’s AI agent will be trained by users through a Telegram mini-app. In the app, users can earn points by tapping Bullish or Bearish under posts collected from X, such as “I just tattooed $DOGE on my butt.”

Unlike traditional trading platforms that display sentiment limited to active traders, Fission aims to gather insights from a broader audience, closer to the diverse crowd Surowiecki described. Mini-apps like Hamster Kombat and Blum have shown that simple, interactive formats can attract massive, diverse participation, making this approach promising.

Of course, there are questions. Despite claiming “Transparent ownership,” the team leader avoids showing their face. Are they dodging accountability for potential AI missteps?

Still, Fission is worth watching. And if its predictions inspire you to swap crypto, remember - you can do it quickly and registration-free on rabbit.io.