These stories are very funny. If anyone wants to express themselves by borrowing some money at 15% interest, or a $1 million forward contract on Bitcoin, my DMs are open.
In college I played poker: first a $20 buy-in game in the freshman dorm, then sometimes a $200 buy-in game at a frat house or similar, and also a weekly $1 buy-in game with many non-poker-playing friends in the lounge of the Computer Science building.
Because the numbers were so small, we kept a ledger for the $1 game, but then it also served as a public leaderboard, generated more interest than the money among those with a competitive disposition. So the game could play tight even with the small buy-ins.
A similar principle might make sense here. People want to be ranked highly for their predictions, so if there were a suitable leaderboard then people could lower the stakes and make fewer nonsensical “bets on their beliefs,” while still disciplining the predictions.
I know there’s Metaculus and prediction markets—maybe they serve this purpose already.
I think this post is very good (disclaimer: I am the author).
It promotes better writing and the advice is concise, clear, and accurate. I think reading the post is a good use of the 90 seconds it takes to read the post.
With respect to the LessWrong 2024 Review, the question is whether the post is too narrow or the topic too mundane.