Quadratic Funding markets are deprecated
This is a test of our newest market type, Quadratic Funding! Submit some jokes related to forecasting or markets, and we'll include the best ones in our next newsletter.
Unlike a Free Response market where you bet on which entries will be chosen, with quadratic funding, readers can directly send mana as a tip to their favorite jokesters. The quadratic funding mechanism will then match donations in a democratic way, with more popular jokes receiving more matching.
(Specifically, each joke will receive the square of the sum of sqrt(tips). E.g. a joke that gets 10 tips of 1 mana will receive 100 mana total, with the 90 extra mana coming from a matching pool. See WTF is QF or Vitalik Buterin's primer for more details!)
What's the intended use case for quadratic funding?
I love the idea, but my understanding is that quadratic funding is meant to allocate funds? M$ is great, but not (yet) useful for funding much other than market creation.
Seems like you might be able to do this with real money without getting in trouble??
Also seems like a great way of handling donations to charity and prizes for prediction competitions, if Manifold's still doing those.
@NcyRocks Thanks for the feedback -- how would you want to allocate the mana instead? (My understanding is that a democratically allocated bounty is exactly how QF optimizes public goods funding, but I might be wrong here)
@Austin True! I guess I just meant that people couldn't 'claim' it in the same way. I imagined it was being distributed by whoever set up the QF scheme. So I thought that just giving everything to the market creator and letting them distribute it would be best, but there are obvious problems with that! Having given it some more thought, this seems better. Maybe in the future someone who proposes an answer could nominate a user to receive the funds, but this is good enough for now (especially with Manifold's whole buyer-beware model that's already in place and working well enough).
@noumena
Why is Hollywood starting to pay more attention to Manifold?
Because it's super for casting!
@yaboi69 They're supposed to be market answers, but market answer submissions are still broken at the moment...
@Austin I tried contributing Ṁ10 to the pool and it failed in the same way as when I tried to submit a joke
@NcyRocks @TimothyCurrie @MartinRandall @noumena @yaboi69 @ForrestTaylor -- Answer submission and funding should be fixed now. Please resubmit your jokes as answers!