Higher = more risk of default
This resolves YES if someone convinces me, by creating a balance sheet, that @Tumbles has to take out a loan to pay a loan, or takes out a loan to manipulate the "default insurance market", or buys mana to pay off a loan. For example: if net worth or balance are both below zero for a non-negligible time.
If the other market resolves NO due to not having a loan for 3 months, resolves NO. If the other market resolves YES due to default, resolves YES.
If the Tumbles account is deleted with outstanding loans, resolves YES.
If Tumbles is ever insolvent for a non-negligible time (networth < loan original amount + gifted mana) resolves YES
If Tumbles is gifted or buys mana for the purpose of avoiding default, obtaining a positive net worth, paying off loans, manipulating markets (including this), resolve YES
Related: Tumbles Default Market
Related questions
@traders Updated rules on how the market resolves YES. Anyone is welcome to make a balance sheet showing Tumbles with a negative net worth at any time to resolve this YES, or proof that Tumbles has failed to repay any loan on time.
In addition, manipulation of net worth through alt accounts is not allowed. However, strategic profit manipulation by correcting markets is perfectly valid
@nikki Would it be fair to say my net worth must be negative for at least 10 hours or so? There have been a few times where troll accounts have tried to tank my net worth while I'm sleeping by mispricing markets, and then my net worth has gone back to normal once I wake up and correct them.
I'm not asking you to write a bunch of specific clauses to handle such a scenario, just checking that my understanding of the spirit of this market is still accurate
I have prepared the Tumbles Financial Complex's first official shareholder's report!
Take a look if you are interested in my account's financials!
@Tumbles Not sure how being M48k away from being insolvent on a total net worth of ~M700k is supposed to reassure your creditors - but hey, that's why I'm not a business guy.
@Pykess Hey I mean those are the facts, I didn't make up numbers for reassurance! Note that being insolvent on the Credit Score market isn't the same as being insolvent on the main debt market. I have more than 70k mana that doesn't count for the Credit Score market, and I can buy mana to stay afloat for the main debt market but not for the Credit Score market.
Also, I think one of the real takeaways people can have from the report is that if Biden wins the nomination my debt markets will go down and the election markets will go up, and my net worth will be like 150k higher.
@Tumbles I'm just trying to understand things, since like I said I'm not a business guy. But you'll "only" make M22k from the Biden nomination. And while that's a large absolute amount, it's really not that much in relative terms when about half of your current outstanding loans are more than that amount.
@Tumbles Actually to add on to this, today alone your profit is -66% of this figure, -M14k. So that really makes this M22k number seem small.
@Pykess If Biden wins the nomination it's not just that I make another 22k, it eliminates a potential source of loss. If Biden wins the nomination, AND I sell a large portion of my election shares, AND LK-99 resolves NO, there simply won't be a concentrated source of risk anymore. You could argue that those are big 'if's, but that's the situation. Notably if the first two 'if's about Biden work out how I predict I can survive LK-99 going against me
@Tumbles "Conditional on Biden losing the 2024 Democratic Nomination, will LK-99 be proven to be a room-temperature superconductor?"
@Pykess Also, the math in the report was done when my displayed net worth was 770k. Currently my portfolio displays 800k.
Given how much activity has been on Tumbles Financial Complex markets lately, I'm going to put together a little report that shows my current net worth, total principal owed, total interest/fees owed, and total mana that counts as 'gifted' for the purposes of this credit score market. I'll also include the current stats for my biggest investments.
It will be the Tumbles Financial Complex first shareholders report!
@traders I've begun compiling numbers for the shareholder report. As a sneak peak, I currently have 656.7k in loans along with about 138k in outstanding fees/interest. I need to go back over the numbers to make sure it's accurate, but it looks like about 71k of my net worth counts as 'gifted' for the purposes of this market.
That means by a rough estimate I'm about 48k away from this market resolving NO.
The report will have exact figures, and show what the difference will be if Biden gets the nomination vs if Biden does not get the nomination (spoiler, I'm pretty sure this market resolves YES if Biden isn't the nominee, and I'm pretty sure I have a huge safety margin if he is the nominee)
Edit: Woopsie double post somehow