same here

@JeromeHPowell You've been Pavlov'd. You associate the button with a reward.

@Quroe yes, this is exactly it, its so hard to resist it

I stuck a blue heart sticker with the EU stars where the loan button is on my screen.

@JussiVilleHeiskanen haha send a screenshot!

@JeromeHPowell

@JussiVilleHeiskanen 😆 Manifolders are a creative bunch.

Losing out on a few days is nothing, I "lose" much more cashing out of dead or vulnerable postitions.

exactly

what's the downside of loans?

@SpeaksForTrees ummm, they charge you .05% per day now, almost 20% annually

@JeromeHPowell oh! that's a downside fee for sure, thanks for making me aware

@SpeaksForTrees Yes, also your previous loans are not affected as long as you do not take another loan, so basically I'm done taking loans bc then they will charge interest on previous loans

@JeromeHPowell weird, charging interest seems fair in general, but i did take a loan today so if they charge based on all outstanding including previous i am more incentivized to sell off long term positions or otherwise reduce

@SpeaksForTrees How is it "fair?" It's pretend money, fairness doesn't enter into it

@ChurlishGambit it's pretend money with a design goal that includes adversarial behavior and rules-based manipulation. so "fair" is an important part of it.

@marvingardens Even if you think so, how is interest "fair?"

@ChurlishGambit play pretend is the ideal environment to care about and experiment with maximizing fairness, loans without any interest had no downside at all (basically free mana on investments) but now there is a risk/reward analysis and those who take loans have more pressure to make a profit with that mana

@SpeaksForTrees But the play money works functionally different, so it's not "unfair" to have no interest on the loans. & the point isn't to get rich, it's to accurately predict. Interest reduces incentive to predict more, it makes the site less useful.

The pressure is on profit, not accuracy. You can make marginal profits on sure markets, adding no predictive utility at all. & the system now pressures you to do that.

@ChurlishGambit those are great points i agree that crowdsourced predictive accuracy is the goal over running a fair fake economy, but personal profit does correlate heavily with accurate predicting across many types of markets. incentivizing both short term and long term profit maximizing seems ideal but i can't claim anything definitive about what loan arrangement is the best balance

@SpeaksForTrees With free fake money loans, though, the whole point is to get people to bet more. This neuters that, & then introduces all the negatives of interest loans. It's antithetical to every aim of the site

uBlock Origin can hide the loan button.