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tomberttoday at 1:46 AM1 replyview on HN

> Also, I'd advise against betting on the Jesus market. You can't actually read the price as a probability here due to time value of money, opportunity cost, etc. So you'd lose money (or at best, gain nothing) by betting against it. It's priced correctly.

Yeah, and assuming Jesus doesn't come back that's only about a 3.6% return rate, which is what Treasury Bills are getting right now [1]. At that point I might as well do that and avoid paying state tax on my interest.

[1] https://home.treasury.gov/resource-center/data-chart-center/...


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0x3ftoday at 1:53 AM

Exactly, the existence of alternatives is mostly what keeps the price non-zero. I think counterparties who are actually betting on Jesus returning will be quite rare. So I wouldn't feel bad about taking money from saps, more about just getting a bad rate of return for yourself.

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