Since the MVP is not out yet, we could do this verbally here. :)
Since I am betting that I will make it, you have to bet against (or find someone else to bet against) if you want to bet with real sats.
For example, I could say I will bet 10k sats and I am 99% sure that I will make it on time.
So I would be willing to risk 10k sats to win 10k*(1-0.99) = 100 sats
So if you would risk 100 sats to potentially gain 10k sats if I don't make the announcement on time, then we have a deal :)
The MVP makes exactly these trades easier. Will only work for questions which can be answered with YES or NO for now however.
Since I am betting that I will make it, you have to bet against (or find someone else to bet against) if you want to bet with real sats.
but I want you to make it on time too, otherwise no more @ekzyis here 🧐 I care less about 10k sats 😂😂😂
The MVP makes exactly these trades easier. Will only work for questions which can be answered with YES or NO for now however.
I see, maybe this also could be a way to encourage people get things done, like this https://gofuckingdoit.com/
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I see, maybe this also could be a way to encourage people get things done, like this https://gofuckingdoit.com/
Ahh, didn't know this site, interesting! And yes, exactly, "game-able" prediction markets can be used as incentives
I basically did what gofuckingdoit.com does with @shurikencutter as my supervisor: I told him I'd pay him 50€ if I don't release my MVP in November. He can pay me a single symbolic sat if I win. But as history has shown, that didn't work. So I have to pay him 50€ now lol - btw, we can make it 150k sats :)
But I like thinking about this value aspect: Why didn't I say 100€? Or why not 25€? You really start questioning your own confidence when you're putting money on the line. So 50€ felt appropriate. Not too much to lose, not too little to lose.
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actually I think https://gofuckingdoit.com/ but with sats can be a better idea than "prediction market", as it's a bit too board, see how I need to ask you how it works 🧐 but then they are actually about the same, but gofuckingdoit focus on helping people to get shit done otherwise lose sats, way easier to understand this way.
but let's see after your announcement ⚡️
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101 sats \ 1 reply \ @ek 3 Dec 2023
actually I think https://gofuckingdoit.com/ but with sats can be a better idea than "prediction market", as it's a bit too board, see how I need to ask you how it works 🧐
yeah, prediction markets are not easy to understand initially but I think once you see how it works, you'll start seeing "simplified" prediction markets everywhere, lol
if you have time and desire, i really like this video about prediction markets. explains the basic principles and caveats very well :)
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will watch! and waiting ⏳
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