I want to borrow M$1000 for 1 week. How much will I pay the borrower at the end?
I want to borrow M$1000 for 1 week. How much will I pay the borrower at the end?
16
450Ṁ2138
resolved Nov 2
Resolved
1

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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2y

Made a similar market incorporating some of the ideas and tweaks we discussed below:

2y

I got your M$1. Thanks for repaying on time (unlike @cos)

2y

How will this resolve if I accept your manalink right now?

@Yev to M$1

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:

Should we exchange links over Discord?

2y

@wasabipesto Wait, if I submitted the link before Yev, am I the "first lender"?

2y

@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

@jack Ah, so it is. That's what I get for going off of my summary comment instead of the real thing. And sure! I can definitely put M$1k to good use

2y

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.

2y

Also sent a manalink

2y

I will accept M$0

2y

@Yev I saw this coming haha :)

But have you noticed that you could bid M$1, and then reject Olivia's payment, and then profit with a bunch of cheap NO shares on your other market?

2y

So you could then bid M$0 and buy a bunch of cheap YES on my other market? :P

2y

Actually you have enough of a YES position that it probably wouldn't be worth it for you.

2y

I will accept M$1

2y

I withdraw this offer (I don't want Olivia to accept both M$1 and M$0)

@Yev does the other one even count as a loan?

2y

@LivInTheLookingGlass I think it should, but in case it doesn't:
I withdraw my M$0 bid.
I will accept M$1.

2y

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%.

2y

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.

2y

@jack No you don't! I will accept half of what Jack bids.
Although the description clearly says the money should be transferred via manalinks, so I don't think fractional bets are valid..

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