Will Manifold implement demurrage?
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100Ṁ425resolved Feb 1
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Demurrage, or negative interest rates on cash balances, is an experimental idea in economics associated with thinkers like Silvio Gesell that aims to encourage productive spending and discourage hoarding.
In Manifold Markets' current play-money system, a small daily fee on users' uninvested cash balances (equivalent to an annualized 10-30% fee) could encourage users to bet in more markets, prevent inflation from new money generated by new users, and make it more rational to participate in longer-term markets.
Resolves YES if Manifold implements negative interest rates on cash balances before the end of January and does not remove the feature before February 10, 2022.
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