Did anyone default?

@benjaminIkuta Tumbles default was pretty massive but not necessarily bad faith? For example, when I lent him M40k it was pretty clear I had little to no hope of having the mana returned (I was given 100% interest rate for a month or something)

@benjaminIkuta but it was absolutely default, and there are probably some of his earlier creditors with longer terms who got mega punished and lost mana

@Gen were the earlier loans understood as an absolute promise, or just perceived as low risk because of the conditions at the time?

Evan defaulted as well

@nikki What happened?

@nikki who is Evan

Evan blew up his account and defaulted

@nikki were the loans understood to be risky?

@nikki what's his username

@benjaminIkuta The account is deleted now, but no, his loans would not have been considered risky IMO

@benjaminIkuta If you search "SpiritOfEvan" a bunch of his deleted accounts will come up

@SimonWestlake Did he delete his account in part in order to avoid obligation?

@benjaminIkuta no, he blew it up because he got banned for a week for a relatively minor infraction (at least compared to the chaos that was so bad they had to revert the whole database)

@benjaminIkuta Actually, he was banned from sending managrams, so you could certainly argue the default was not in bad faith. The blowup, however, most certainly was.

@SimonWestlake Oh, you mean he rage quit and didn't even attempt any repayment?

@benjaminIkuta Ragequit is absolutely an accurate way of describing it, though he did kind of try to stick around for a while by making new accounts and stuff. When he found the mana exploit and used it so catastrophically, he also would have had to have known that would get him a permaban, and prevent him from paying back loans.

@benjaminIkuta would Tumbles count?

Does being behind on payments count as default? How late would they have to be?

@ahalekelly I'm not familiar with the specifics, but being just a little late doesn't seem like bad faith, does it?

@benjaminIkuta He was hit by a truck and died but others have pointed out that nowhere in his loan agreements does it say that this excuses his debts. Not just unethical but probably enough to get him sent to prison IMO

@Lexer What?

@ahalekelly update on this?

What counts as a member of the Manifold community in good standing? Does some account that just joined count?

@IsaacKing Not if they're just some rando

@IsaacKing This was exactly what I was wondering, but rather than the identity of the user being "good" standnig I interpreted it as the breach itself being good faith (e.g., fundamental breach vs. repudiation).

Exactly what qualifies as "good" is far too ambiguous for me to invest in this market IMO.