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Author Topic: Bitcoin will be worth more than $10,000 by 2016  (Read 3889 times)
Faraday
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April 15, 2013, 12:20:22 PM
 #21

To be honest it seems there is pretty good reason not to trust bets of bitcoin.

They declared a bet with hundreds of btc wagered as a draw when it was clear that BFL hadn't shipped any product. They claimed the bet terms were ambiguous, why was the bet accepted in the first place then?
Spaceman_Spiff
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April 15, 2013, 12:41:14 PM
 #22

To be honest it seems there is pretty good reason not to trust bets of bitcoin.

They declared a bet with hundreds of btc wagered as a draw when it was clear that BFL hadn't shipped any product. They claimed the bet terms were ambiguous, why was the bet accepted in the first place then?

I have also lost out on a decent amount of bitcoins on another bet that was made a draw, and although I didn't agree with the way they handled things, I can understand why they did it.  You have to remember that they lose out on a lot of profit on these bets when they call it a draw.
Yes it is possible that they themselves were on the other side of the bet, but I think it is much more likely that now and then a bet was less clear than they thought it was, and they make it a draw if they feel that is the correct thing to do.  It's harder than you think to make things unambiguous.
So they still have my trust.
jubalix
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April 15, 2013, 04:32:08 PM
 #23

Please make this on bets of bitcoin.  I will bet against this.

that comes as surprise, very out of character for you proudhon

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
Elwar (OP)
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April 15, 2013, 10:47:02 PM
 #24

With the price dropping so low...SURELY it can never reach $10,000.

So you may want to bet against it. Some easy bitcoin to be made on a sure thing.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Brushan
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April 15, 2013, 11:00:19 PM
 #25

I think we'll see a BIG price rise after the reward halving if it's still alive by then. Bitcoin right now is has a very high rate of inflation and when it lessens it will do wonders for the value of it.
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