If someone agrees to loan me M$1000 for 1 week, how much will I pay back? This resolves at the end of the first such 1 week loan. The loan will be processed by the loaner creating a manalink for M$1000. I will then create a manalink for the amount owed, which the loaner agrees to not cash for one week. If there are no takers, I resolve to N/A
To initiate the process, comment 'I will accept M$____'. At first close, I will take the lowest such offer first, but I may take more than one. After this, the market will reopen. The market will then resolve to the amount paid back to the first lender
Close date updated to 2022-11-02 11:59 am
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Idea: do this again, but have it be a blind auction validated by a standard form
Form would look like:
amount / interest
Conditional on (checkboxes)
lowest limit interest (optional)
Resulting price then becomes an open offer and anyone can accept
I accept the following offers. You may withdraw as long as you are not the last to do so:
@Yev M$1 (I don't really think M$0 counts as a loan)
@jack M$1000
@wasabipesto M$1009
@LivInTheLookingGlass Sorry for making my bids so complicated, but I don't believe M$1000 is correct. My bids were:
"If the lowest bid by anyone else (excluding wasabipesto) is greater than 1010, I will accept their bid minus 1." -> Lowest bid is M$1 so this bid does not take effect.
(If fractional bids are allowed, which I totally understand if they aren't) "half of Yev's lowest bid if it is positive." (Also this results in a logical inconsistency since Yev also bid half of my lowest bid...)
However, I'm happy to loan you M$1000 if you want anyway because I enjoyed this market haha.
@wasabipesto Oh god, I hadn't considered this. I really need to design this more carefully next time. Spirit of the market is no, @yev is first
Since the market description says "I will take the lowest such offer first" I think it's clear that Yev's bid is what should count.
@LivInTheLookingGlass I think it should, but in case it doesn't:
I withdraw my M$0 bid.
I will accept M$1.
I will accept half of what Yev bids. So currently, M$0.5. Fractional M$ can be sent through markets - e.g. Olivia makes a market, gives me 1 YES share via challenge bet, and resolves to 50%.
Actually, Yev's bid was conditional on whether M$0 counts as a loan. So let me rephrase mine: I will accept half of Yev's lowest bid if it is positive.