🏅 Top traders

@traders If anybody wants to forgive a loan, please comment here and we will give you a 25% discount on 🏦BANK Interest rates. We are also offering a 5% buyout, after which we will forgive most loans (some will be paid in full so we can use that money to forgive more loans and so that I don't make a huge loss).

My 12000M debt has been forgiven by me

@100Anonymous Thank you, very nice of you 😸

Reopen this market and let’s start again.

@Predictor Can @Tumbles even make new markets with his extremely negative balance?

It's kinda crazy that the profit from @SemioticRivalry's million mana bet against me winning poker doesn't even break into his top 15 most profitable markets (/BrendanFinan/who-will-win-poker-at-manifest-2024-QNyAgctZAR)

@Tumbles to be fair it wouldn’t be in your top 8 losses either! Game recognize game

A Prediction News article about the Tumbles Financial Complex 😃
https://predictionnews.com/news/how-one-manifold-trader-spiraled-into-6-million-debt-cautionary-tale/

An open letter to the Manifold community

https://discord.com/channels/915138780216823849/987142274989297694/1382861922482917388

@Tumbles We love you Tumbles!

I'm willing to buy 100 mana of debt for 10 mana, if anyone is interested. A better rate than others but only a small amount.

@TheAllMemeingEye You may want to check out JUMBLES 2.0. It would help if you could contribute to the fund.

Selling my 12,000 of June 9th debt for 2,500 Mana.

@HillaryClinton 600 mana

@100Anonymous @HillaryClinton 750

@TheWabiSabi 770

@100Anonymous @TheWabiSabi 800 and you have a deal. First one to DM me saying so get it.

@HillaryClinton sold to @100Anonymous for 825 or 800. Whatever he feels like.

This is June 9th 2000 anilead and 10000 night squared. 12k total

@100Anonymous

SOLD! Tumbles debt is worth about 7% on the Mana. I'd be curious what the plan is here. You still face the same problem that the 2nd you try to forgive debt or pay people back, they begin demanding full payouts, not a discounted one.

It makes for an ugly equilibrium where the debt holders win, and those betting on the debt being paid back or not (possibly with a new market), all lose.

@HillaryClinton I'll ask the creditor beforehand next time

Selling my 20,000 mana of debt at 20%

@sophiawisdom too high, can buy for 650 mana

Will someone loan me their debt? I will borrow debt at 25% annual interest. That is to say, I will return the debt to you after 1 year 25% greater than it was before.

@bens return debt or mana?

@HillaryClinton when I first posted this, I was joking bc I thought it was just entirely terrible… but now I’m realizing that it actually might make sense if you’ve lended at a higher interest rate than 25% 😆

@bens I'll give you my debt today, and in exchange you give me 2,500 Mana in one year.

@HillaryClinton uhh, I think it was more like, you give me 10k of debt and I give you back 12.5k debt in a year

@bens oh that's way too low a interest rate for that deal.

@HillaryClinton ummm… too low? Or negative?

@bens I'd want at least 100% APR.

@HillaryClinton well, this would be essentially NEGATIVE 25% APR, since your debt would be growing, not shrinking

@bens oh I thought you were gonna flip the debt and buy it back for cheaper in a year.

I don't understand how this works.

@HillaryClinton You don't have to worry about what the other party does -- just think about comparing the current value of your 12,000 mana of Tumbles June 9 2025 Tumbles debt against 15,000 mana of [any-dated] Tumbles debt 1 year from now.

If Tumbles gets back on his feet, perhaps the 15,000 will pay out in full!

@Eliza every time I make a joke offer, ppl manage to effectively steelman it