1,000
1.00@MarcusAbramovitch It seems like the last time you bought YES here was in November. Don't you get your money loaned back to you after 25 days? How does cashing out now increase your balance?
@BoltonBailey Manifold has been doing some weird stuff for the amount you can get back in loans based on some leverage ratio. And also, it's a decaying 4%/day, not a constant 4%/day. You never get all the mana back. It's more like 90% back in 2 months or something
These questions only measure what the most optimistic trader thinks the discount rate is
Everyone else who knows the discount rate is higher obviously has much better opportunities than betting NO on questions that'll resolve YES in year(s). Because Manifold's discount rate is obviously much higher than these questions imply, we instead borrow tens of thousands at exorbitantly higher interest rates from whales like @jack and easily profit more than enough to cover that interest. Those loan interest rates are closer to actual discount rates, and are usually at least 60% APY from my experience
@BowTrix That doesn't work for several reasons:
Manifold loans greatly decrease the discount rate on Manifold.
Mana and $ cannot be freely exchanged. There is no way to do the equivalent of buying T-bills with mana.
@YohanProYT That part of the description hasn't been updated since Manifold changed how loans worked a few months ago, it's no longer accurate.
@YohanProYT Yeah, it was the same idea as today's loans, but they were limited to M$20, and you got them all immediately rather than 2% per day.