This market has a 4% chance to resolve YES each EVEN day, NO on ODDs.
11
12
แน€210
resolved Jan 6
Resolved
NO

This market uses random numbers generated by NIST and has about a 4% chance to resolve at the beginning of each day, meaning a roughly 50% chance that has resolved in ~17 days.

NIST releases a new random "value" for each "day" at the first minute of each UTC day. If the new value for the day ends in A0-A9 (10 values of the possible 256), this market resolves.

For example, the value for Dec 28th (released Dec 27th at 7:01pm Eastern time) ends in ...A652EB, so the market does not resolve YES on Dec 28th, but it may resolve NO the next day.

Upcoming links:

Dec 27 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/116045

Dec 28 (Even) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/117485

Dec 29 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/118925

Dec 30 (Even) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/120365

Dec 31 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/121805

Jan 1 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/123245

Jan 2 (Even) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/124685

Jan 3 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/126125

Jan 4 (Even) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/127565

Jan 5 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/129005

Jan 6 (Even) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/130445

Jan 7 (Odd) https://beacon.nist.gov/beacon/2.0/chain/2/pulse/131885

The idea is to make a market which is predictably volatile, to see how active traders and whales react.

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predicted NO

This was cool

bought แน€100 of NO

Jan 5th value in the field analogous to the example ends in โ€œโ€ฆA204A7โ€ (https://beacon.nist.gov/beacon/2.0/chain/2/pulse/129005) โ€“ am I thinking right that the condition was met yesterday and it should resolve โ€œNoโ€?

I find the data schema really confusing, there are outputValue, localRandomValue, and a few identical copies of value โ€“ without a big blinking neon arrow or some exclamation marked lines in documentation, I have no idea which one to look at.

bought แน€100 of NO

@yaboi69 Correct, it resolves NO. I'll give a few more minutes before resolving. Thanks!

predicted NO

@Jacknaut Thanks. Itโ€™s an interesting idea, the benefit-to-transaction costs ratio does seem to stymie activity though.

predicted NO

@yaboi69 Not only that, but as @MartinRandall pointed out to me in discord: "The correct probability should smoothly vary from 46% to 54%, on a two day cycle, I think?", and imo probably half of that, given people attempting to profit off of daytraders.

predicted YES

@Jacknaut I think its actually 49 to 51% as someone else said in the discord.

predicted NO

@NeonNuke Oh didn't see that comment till you mentioned it now. Maybe so, I'm too dumb to understand it.

predicted NO

Dec 29th's values released. Market will not resolve today.

predicted NO

I was struggling with deciding whether to resolve the market based the current day's value (current description rules) or the next day's value. Let me know your thoughts in case I make another similar thoughts.

The benefit of using the current day's value is that there is maybe less confusion - the value that determines whether the market resolves is displayed next to the day it resolves when you view the beacon link. And it's effectively the same as using the next day's value.

However, I thought also that it would be nice if it used the next day's value for traders viewing their current system clock and seeing "Oh it's Dec 28th, it might resolve YES today" and then waiting till 7:01pm EST for the Dec 29th number to show if the market will resolve. Using the current day's value means that for a majority of timezones, the current day will already be decided, and you're essentially betting on the next day compared to your system clock.

Maybe this is less confusing or less important than I'm making it out to be, and there's a less verbose way of making the description.

predicted NO

@Jacknaut Updated description to be more succinct. Nothing about the resolution criteria was changed.

predicted NO

@Jacknaut I also wonder if 4% is too low to be as volatile as I hoped.