The Hollywood Stock Exchange combined actors and movies and their budgets and revenue into a simulated stock market where the public could buy into "shares" of famous movies and actors and maybe one day movie studios since steem-engine.com owner @aggroed is getting stock broker license to allow stocks maybe in pegged assets to be bought and sold on steem-engine for steem.
https://en.wikipedia.org/wiki/Hollywood_Stock_Exchange
Below is the entire wikipedia page which I need to post so you can all see how this is PERFECT for steem and was a project by @maxkeiser WHO IS HERE ON STEEM, we should resurect this idea and bring it to the only blockchain, besides EOS, that can handle somethiung like this, and thats Steem with Steem-Engine!
The Hollywood Stock Exchange, or HSX, is a web-based, multiplayer game in which players use simulated money to buy and sell "shares" of actors, directors, upcoming films, and film-related options.[1] The game uses Virtual Specialist technology invented by HSX co-founders and creators Max Keiser and Michael R. Burns, who were awarded a U.S. patent no. 5950176 in 1999 for the invention. Claims of this patent cover trading applications for trading virtual securities using virtual currencies over a network.
The company moved into the former Ritts Furniture building designed by Harry Harrison on Santa Monica Boulevard.
Operation
Because trading directly affects the prices of the securities – purchasing enough shares of a stock causes its price to rise, and selling causes its price to fall – and because the ultimate value of a moviestock is based on the film's box office, stock prices act as box office predictions. For example, if a particular moviestock trades at "H$40.00", the market is predicting that the movie will gross US$40 million at the box office in the first four weekends of wide release. In 2007, players in the Hollywood Stock Exchange correctly predicted 32 of the 39 major-category Oscar nominees and seven out of eight top-category winners. The Hollywood Stock Exchange is considered a good example of a prediction market.
Previous incarnations of the game included a music market (for purchasing musical artists), prizes for top gainers and, briefly, a "buyout" program in which HSX would reward top players by purchasing their portfolios at a price of US$1.00 per HS1 million if the player listed the portfolio for sale on eBay. These features have been discontinued. The practice of selling portfolios on eBay was inaugurated by Curtis Edmonds, a former Texan lawyer.[2]
HSX attracted some private investment during the dot-com boom and ran TV ads on cable channels in an effort to attract players. After the dot-com crash, HSX was eventually acquired by units of Cantor Fitzgerald. Cantor has used HSX's moviestock prices to assist Cantor's gambling operations in the United Kingdom, in which bettors can place bets on how much money US films will gross. HSX is headquartered in Century City, Los Angeles, California.
Special warrants
During the holidays, there were "holiday warrants" that allowed one to predict the final gross of a movie by President's Day weekend of the following year. For example, there was a Narnia warrant of H$180 million. Since Narnia would make over US$300 million by February 20, 2006, anyone who purchased the warrant made over H$120 per share. On the other hand, Zathura had a holiday warrant for H$70 million. Since Zathura closed a month after its release and made less than U$30 million, anyone who predicted that it would make more than US$70 million lost their investment. During the summer, there were similar "Blockbuster Warrants" that allowed one to predict the final gross of a movie by Labor Day weekend of that year. Currently, Blockbuster Warrants are issued throughout the year for those movies that will gross $100 Million or more through their first 12 weekends of release.
Every winter there are special warrants to predict the Oscar nominees called "Nominoptions" followed by Award Options to predict the actual Academy Award winners.
There are special warrants for first year scripted TV shows based upon the number of episodes that will be shown by May 31, the end of the TV Season.
HSX also releases various special derivatives throughout the year. During the summer of 2006, there were derivatives for the FIFA World Cup. Other past special warrants involved the contestants on Survivor, American Idol and top categories of the Grammy Awards.
Rachael King (2006-08-07). "Hollywood Games People Play". businessweek.com. Retrieved 2009-03-22.
The New York Times (February 1999). "Virtual Stocks Lure Real Money". Retrieved 2009-03-22.
Heres an OLD OLD video ABOUT the Hollywood Stock Exchange on CNBC from 1997 with @maxkeiser of the @keiserreport ... this is back in the good ol days man, back when King of the Hill was a new show, Family Guy was just coming out... This was a golden time...
NOW THIS needs to be on Steem-engine.com and renovated for the 21st century and made to work as a social media site with the Steem Blockchain and the Steem-engine.com platform built on steem. https://steem-engine.com
Smart contracts could be developed by @harpagon 's SSC Steem Side Chain built into @steem-engine by @aggroed using Steem-Keychain by @yabapmatt and now the pegging deriving of value by box ooffice figures will have to be done by a Steem Movie Box Office Figures Oracle which can just use multiple trusted verifiable sources for box office figures, so how much money the movies or actors make should reflect on the price of the token. Liquidity can be created on the markets with Market Maker bots like @inertia has setup with @banjo Bot and which i HOPE can ONE day turn into a system like Bancor.... hahahahaha
Anyway this Steem-Engine system allows anyone to make a steem engine token with all teh speed of steem blockchain for $20-$30 worth of steem engine tokens which you can always buy at a soft peg for 1 Steem each but which are sold on the market usually for less like 0.7 to even as low as 0.3 steem for each ENG, so basically $15 even $10 sometimes it can get to create a cryptocurrency, and look steem could go BACK to $1 and it will be $100 again to create a cryptocurrency! EVery token crteated early will be seen as like dogecoin a store of value and those who own them WILL have the tokens that will be used, dispersed on the markets etc.
In this spirit, the FIRST person to buy 10,000 ASS tokens on the market which should be for sale, will get an extra 5000 FREE. Just 80 Steem to fill the order and this token is propped up by Steemspeak and Fyrstikken the Steem Whale with 2 MILLION Steempower. Buy your ASS token here https://steem-engine.com/?p=market&t=ASS
Remember, I also have teh SAND Token for sale and would LOVE to distribute it, and ASS to more users. If you can volunteer to manually distribute some tokens to all the best whales and dolphins on steem I wil let you keep a portion just give out a lot by hand, and I will send you more to keep.
Buy SAND San Diego City tokens HERE https://steem-engine.com/?p=market&t=SAND
You might need Steem KEYCHAIn chrome extension here, made by @yabapmatt very safe, in facvt safer than using steemconnect or handling your keys often
Google chrome extension link
https://chrome.google.com/webstore/detail/steem-keychain/lkcjlnjfpbikmcmbachjpdbijejflpcm?hl=en
Firefoix Addon Link
https://addons.mozilla.org/en-US/firefox/addon/steem-keychain/
With these Extensions for your browser you can use the Steem-Engine.com Exchange with your existing Steem account and wont need to use your posting or active keys to use steem-engine , you can just use steem-keychain to sign messages like how scatter signs messages.
this seems a very useful extension for easy usage. Thanks to @ackza
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