At closing, this market resolves YES iff the (sum total shares of Team YES) >= log_b(sum total shares of Team NO). Otherwise, it resolves NO.
I will query fairly-randoml to generate a random bass b between 1 and 10.
Reresolution criteria: b is the first bitcoin hash mined after 7:45PST mod10 +1. The hash will first be converted into base 10. Sorry again for all the chaos.
[In other words, as an example, if the hash last digit is 5, b=6. ]
🏅 Top traders
# | Name | Total profit |
---|---|---|
1 | Ṁ96 | |
2 | Ṁ49 | |
3 | Ṁ42 | |
4 | Ṁ22 | |
5 | Ṁ16 |
@FedorBeets Hm, I'm using the website Levina sent and don't see block 789266... but, if b>1, as of how the positions are looking now, YES is basically guaranteed a win.
@TobyBW When is the last time this long a time went between the blocks? they look so frequent earlier
Ok I’ve been reading the comments and first of all, sorry for all the confusion. I was definitely not very clear. here’s what happened: I did mean for the very first roll b=7 to be the base, and it was just a slip up on my part rolling too early—I thought that saying the relevant roll is b=7 would be clear, but I can totally see why it wasn’t. I’m open to re-rolling and extending market resolution. If people think this is unfair, I’d be willing to hear reasoning for that as well. It would be hilarious to wait for a bitcoin hash, but maybe not this time….
Also, my thinking for b=1 -> NO was that since we are generating b from 1 to 10, the limit from the right is the valid one to look at. I realize this is hand wavy, so another explanation I liked was that 1^yes<NO which is basically a no resolution.
Thanks everyone for betting, and I’ll be very careful to avoid being this unclear again!
@Heliscone We could always just do the first BTC hash after some specified time, the take mod 10 and add 1, and just take that as our number.
@TobyBW I was betting under the assumption that the number had not been chosen, perhaps we could reopen the market and roll the number now, then close in a day so that we're in accordance with the resolution criteria.
@levifinkelstein or to be specific, I thought it might have been chosen since it said it would be chosen 1 day before closing, but I assumed it was not public since the newest comment was 3 days old and the description didn't contain any info about the number.
@Heliscone The two reasons I didn't think it was already announced:
If b=7 then it's impossible to resolve NO. Essentially should have just resolved it there and then if that were determined.
The comment about "I'll roll it a day before close" (I figured, privately)
It's low stakes for me so I obviously won't be super upset, but it's not what I was expecting
Ok since most people want it to happen soon, and I don’t think anyone else is really arguing for it to resolve now, we can do the hash of the next BTC block after 10:45 (eastern time, in ~10 minutes) mod 10 and add 1. This is only unfavorable to people who bet YES above 90% (mostly just me). Like this if you agree.
Ah, these are all good points. I think the assumption that makes the most sense would be the one Genzy and Levina made, but I do realize that betting under b=7 is way different than betting under unknown b …
Also I do realize the pain of having most of your mana locked in a market, so I’m happy doing something that resolves sooner! I’m good with your idea of the bitcoin hash after 7:45 PST—seems to strike a kind of balance between disadvantaging you via reroll and advantaging the online people.
@XComhghall I’m not super against going N/A, but since it would have resolved YES either way, I don’t think this resolution was unjust to anyone involved. If it had reversed, then we might have had a different discussion, but it didn’t.
@XComhghall Sorry, sorry, I did indeed want to get this over and done with quickly. I was okay with how it resolved, but next time I think I'll be more N/A-happy, and sorry again for mis-handling this.
This is why I was pretty happy it ended up resolving YES anyway: If people bet under unknown b, the re-resolution makes them happy. If people bet under b=7, it resolved YES anyway!
@Heliscone K. Thanks.
Yes. I am satisfied with the outcome. I was unhappy about the procedural part. I did not agree to subject my mana to a 1/10 chance again.
But as always, thank you for your work and your markets.