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MANIFOLD
Daily Coin Flip - Day 835
16
Ṁ10kṀ1.6k
resolved Mar 22
Resolved
YES

I will use @FairlyRandom to get our results. 1 = Heads, 2 = Tails. Market resolves YES for heads, NO for tails.

If you bet and comment, I'll send you 10 mana. Only for the first three. Api trades don't count.

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Ṁ1,000
to start trading!

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🤖

@Velaris your random number is: 1

Salt: sl4m7hy7jlm, round: 5959079 (signature 9039f3b516aab99040520ad2a8c198346d036156f86c5d1b43f35c36a06fe81de5fc557a8a915f85f06ce486e3300f8705075206729902de7f9ae2ab6dc8c412edb75a3365929ef7e7bc8e9b57d649786f8e3e657f82d50cf8ca6c0dd4984f16)

🤖

@Velaris you asked for a random integer between 1 and 2, inclusive. Coming up shortly!

Source: GitHub, previous round: 5959077 (latest), offset: 2, selected round: 5959079, salt: sl4m7hy7jlm.

@Velaris how do you make a profit off of the 10k you spent???

@StockKing Imagine it as if I bet 5k on yes and an other 5k on no, I don't lose anything but people can place their bets without moving the probability too much. Also, @Anshz2zg is your alt, right?

@Velaris Yea!!! it's my alt

@Velaris I get that but how do you make your 10,000 back???

@StockKing I don't lose it, since I set the odds at 50 percent and the true odds are exactly 50 percent. When you create a market you lose mana depending on how much people push the probability towards the true probability. If you remove liquidity before the event gets too close you can avoid losing too much. I'm not the best at explaining, I suggest you ask a chatbot or someone who's better at formulating if the example I gave in my first message doesn't make sense.

@Velaris good explanation of liquidity. Will bookmark if needed.

opened a Ṁ2,000 NO at 51% order

Limit orders are up

sold Ṁ13 YES

I finally saved up enough for 10k liquidity!

bought Ṁ1 NO

@Velaris Congratulations! How does it feel? 😊

One other Q for ya: why do you title these "Day X" where X is non-sequential? 👀

@GnosticGirl it's more interesting and I plan to one day do something like make a bounty for whoever finds two days who's digits add up to some random number or something along those lines. I just type whatever number feels right.