Don't you mean 0 cents to $2.75?

Cost is holding back ASICs for now. Problem is once they are developed and released, Litecoin loses it's biggest selling point.

Problem is putting them on any exchange is a risk in itself. They may suddenly go missing.

Is this some form of bizarre sick joke?

I bet most people mine on a small handful of centralized pools in Litecoin. The hashing power is in the hands a few also.

They should be using decentralized pools like p2pool to migrate this risk.

Litecoin is not ASIC proof.

It's 2140 not 2040.

Which means he loses the bet immediately.

Prepare yourself for some major backpeddling.

He can't use that method because he cannot guarantee you would be able to sell or buy the Bitcoins.

What this bet is really about is the guarantee part of the deal not the doubling of Bitcoins.

Think about it, there are only a few ways to acquire coins:

1) Buy them. - Can't use that because there is no way of guaranteeing someone will sell them to you. That includes exchanges, because there is no guarantee they will be open.
2) Mine them solo or pooled. - Can't use that. Nothing in mining is guaranteed.
3) Steal them. - Can't use that. The exploit may be plugged. Not guaranteed.
4) Given them by someone else. - Can't use that. No guarantee that person will not change their mind.
5) Sell something in exhange. - Can't use that, no guarantee of a buyer.


Let's start with 1 BTC:

Day 5 -  2 BTC
Day 10 - 4 BTC
Day 15 - 8 BTC
Day 20 - 16 BTC
Day 25 - 32 BTC
Day 30 - 64 BTC
Day 35 - 128 BTC
Day 40 - 256 BTC
Day 45 - 512 BTC
Day 50 - 1024 BTC
Day 55 - 2048 BTC
Day 60 - 4096 BTC
Day 65 - 8192 BTC
Day 70 - 16384 BTC
Day 75 - 32768 BTC
Day 80 - 65536 BTC
Day 85 - 131072 BTC
Day 90 - 262144 BTC
Day 95 - 524288 BTC
Day 100 - 1048576 BTC
Day 105 - 2097152 BTC
Day 110 - 4194304 BTC
Day 115 - 8388608 BTC
Day 120 - 16777216 BTC


Hey look, in a matter of 4 months I've got more Bitcoins than exist. AND IT'S GUARANTEED!!!!!!





Pretty much bet in the bag for me I think.

I choose John as escrow https://bitcointalk.org/index.php?action=profile;u=31288 I'll let you sort out the details with him.

LOL  

What happens when I press it?

I'll take that bet.

The guaranteed doubled Bitcoins must exist on the main network and be accepted by a third party, such as mtGox.

That goes for the bet coins as well. So no starting your own blockchain.

I own 11 million Bitcoins. Can your guarantee I can double that?

Infinitecoin? Never heard of it.

Buffer Overflow

 1KjmjPhfnN3f8k143n5HPtJBN65uwpCWmZ

While the starting motivations of the project are questionable and I don't really see any advantage of using Feathercoin over Litecoin, short-term (1 - 2 years) I can see the price rising which I feel would be foolish of me to not take advantage of.

The project motivation is fantastic and as I've said in a previous post, feel many GPU miners will get bored of Litecoin (particularly newer arrivals) soon when the difficulty rises and profits are squeezed tighter and tighter. They will naturally look for another scrypt coin to point their hashing power at, and I think Feathercoin will be the one.

I'm also predicting that PPcoin will be a future riser as older slow ASICs become redundant with no resale value, miners will start pointing them at another SHA256 coin instead of Bitcoin.

Of course, no doubt something else will pop up and derail my plans though. Oh well...

LOL  
If you read the post properly you'll discover I asked no question. Just bumped another members' question.

As a holder of FTC myself, I would like this query answered. Or maybe investors are not allowed to ask anything, just keep our heads down and keep quiet.

I wonder which open source license it will be released under?

Bumping this yet unanswered question, so it doesn't get forgotten about.

Yeah, creampie.

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