If they pay you with PayPal and you pay them back with PayPal, then there is a 6% loss. It would be easier and less dead weight lossy to use a private challenge mechanism within Manifold. Or even to just create a market in Manifold and bet it down super low, and then resolve it against yourself if you get 10 bettors.
That’s a first thought…
One objection is that since assassination markets don’t seem to obtain, maybe they wouldn’t work with blog posts either. However, in this case the market maker has both the market incentive and some other motivation not entirely captured by the market to complete the blog post.
Is there some reason not to select the “friends and family” option in the PayPal interface, for contracts like this? I decided to participate just now, and I didn’t seem to be charged for sending money.
If they pay you with PayPal and you pay them back with PayPal, then there is a 6% loss. It would be easier and less dead weight lossy to use a private challenge mechanism within Manifold. Or even to just create a market in Manifold and bet it down super low, and then resolve it against yourself if you get 10 bettors. That’s a first thought… One objection is that since assassination markets don’t seem to obtain, maybe they wouldn’t work with blog posts either. However, in this case the market maker has both the market incentive and some other motivation not entirely captured by the market to complete the blog post.
Is there some reason not to select the “friends and family” option in the PayPal interface, for contracts like this? I decided to participate just now, and I didn’t seem to be charged for sending money.