Has anyone heard of the web-bot project?

Question

If you have, what are the most current predictions you have seen. What are some good websites? & finally, your opinion on the project. It seems to have been very,very accurate.

Answer 1

It seems to fit into the same category as Nostradamus, i.e. the "Barnum Effect". If you make vague statements, you can connect dozens together and it can easily seem that you are portraying accurate predictions when all you are doing is spouting generalizations.

Here's your clue: They know the future, but they neither use it to get rich nor to really warn anybody. They are neither greedy nor benevolent. Though might use the money to help even more people, or they might release their 'secret' software to allow other people to refine it and make it even better.

But they do none of these things. The most plausible explanation is that it is because they are frauds. Analysis and scientific study of their methods would reveal junk and put an end to their little consulting service, so they have nothing to gain and everything to lose. Logically, if their program does what it says it does, it's just revealing what everyone's talking about - in other words it parrots back to you what you already know (no wonder it sounds accurate!).

It's a nice fantasy. But either its operators are small-minded or they are flim-flam artists. Take your pick.