Y’all had to read through pyramids of doom containing forum drama last week. Or maybe, like me, you found it too exhausting and tried to ignore it.
Yesterday Manifold made more than $30,000, off a single whale betting in a self-referential market designed like a dollar auction, and also designed to get a lot of traders. It’s the biggest market yet, 2200 comments, mostly people chanting for their team. Incidentally parts of the site went down for a bit.
I’m tired.
I’m no longer as worried about series A. But also … this isn’t what I wanted to build. The rest of the team kinda feels this way too. So does the whale in question.
Once upon a time, someone at a lw meetup asked me, half joking, that I please never build a social media site.
Isaac King ended up regretting his mana purchase a lot after it started to become clear that he was losing in the whales vs minnows market. We ended up refunding most of his purchase (and deducting his mana accordingly, bringing his manifold account deeply negative).
Effectively, we’re bailing him out and eating the mana inflation :/
Aside: I’m somewhat glad my rant here has not gotten much upvotes/downvotes … it probably means the meme war and the spammy “minnow” recruitment calls hasn’t reached here much, fortunately...
Moderation is hard yo
Y’all had to read through pyramids of doom containing forum drama last week. Or maybe, like me, you found it too exhausting and tried to ignore it.
Yesterday Manifold made more than $30,000, off a single whale betting in a self-referential market designed like a dollar auction, and also designed to get a lot of traders. It’s the biggest market yet, 2200 comments, mostly people chanting for their team. Incidentally parts of the site went down for a bit.
I’m tired.
I’m no longer as worried about series A. But also … this isn’t what I wanted to build. The rest of the team kinda feels this way too. So does the whale in question.
Once upon a time, someone at a lw meetup asked me, half joking, that I please never build a social media site.
Update: Monetary policy is hard yo
Isaac King ended up regretting his mana purchase a lot after it started to become clear that he was losing in the whales vs minnows market. We ended up refunding most of his purchase (and deducting his mana accordingly, bringing his manifold account deeply negative).
Effectively, we’re bailing him out and eating the mana inflation :/
Aside: I’m somewhat glad my rant here has not gotten much upvotes/downvotes … it probably means the meme war and the spammy “minnow” recruitment calls hasn’t reached here much, fortunately...