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Author Topic: somebody please take this guy to the cleaners  (Read 1032 times)
bracek (OP)
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March 15, 2014, 07:20:06 AM
 #1

http://www.reddit.com/r/Bitcoin/comments/20gkdx/legitimate_wager_300_bitcoins_vs_1_class_a_share/
kooke
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March 15, 2014, 03:10:23 PM
 #2

If that guy is for real, I'm pretty sure we'll see someone take him up on his offer soon enough.

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March 15, 2014, 09:47:27 PM
 #3

I fail to see how this bet proves bitcoin is or isn't a mirage?

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March 15, 2014, 11:22:40 PM
 #4

I fail to see how this bet proves bitcoin is or isn't a mirage?

Especially since, as someone on r/bitcoin correctly pointed out, the guy is essentially asking for half of the resolution value of the bet being paid out in BTC. In other words, economically it only makes sense for him to take the bet if he assumes that BTC price is somewhat stable or growing, otherwise he would be wiser to just put his money into the BRK-A share directly, instead of going through the effort of executing this bet.

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March 16, 2014, 12:14:21 AM
 #5

Stunna is seriously considering it.
https://bitcointalk.org/index.php?topic=516374.0;topicseen
Might be a great move, stay tuned...

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March 16, 2014, 12:35:22 AM
 #6

call me stupid but...

Quote
- You will supply .25 Bitcoins as collateral to be held in trust.
- I will supply 1 share of Berkshire Hathaway Class B shares (NYSE:BRK.B) to be kept in a brokerage account held in trust. If legal complications arise from holding actual shares, the cash equivalent of the share price will be held in trust.

doesn't sound much like the original deal of ....

Quote
I will provide ~300 Bitcoins or equivalent at current exchange rate. * For Collateral, you will supply 1 Share of Class A. Berkshire Hathaway stock (BRK.A) or Equivalent funds in USD$ (~$183,860)

the original bet you win btc for shares, now you win shares for btc. makes no sense.

If he was paying out btc I'd bet the farm! WTF do I want BRK-B for if BTC went "to da moon" to win.

Although, I suppose it's not so bad sacrificing BTC if it crashes to zero ...

It's that sticky middle ground eh.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
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