Manifold users don’t actually cash out that much, so we shouldn’t actually need that much cash on hand
This omits why Manifold users didn’t cash out much: return rates were unsustainably high. Ponzi schemes manage cash flow at the expense of profit
Yes, although this was much more OK with play money than it would be with quasi-cash. Especially since Manifold’s heavy use of the play-money printing press wasn’t a secret.
Not the only reason though. The only way to cash out was donations and some people didn’t want to.
This omits why Manifold users didn’t cash out much: return rates were unsustainably high. Ponzi schemes manage cash flow at the expense of profit
Yes, although this was much more OK with play money than it would be with quasi-cash. Especially since Manifold’s heavy use of the play-money printing press wasn’t a secret.
Not the only reason though. The only way to cash out was donations and some people didn’t want to.