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Author Topic: $10,000 Bet that Bitcoins will outperform Gold, Silver by 100X !!!  (Read 19559 times)
MemoryDealers
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September 20, 2011, 04:05:12 PM
 #61

Challenge submitted.

Your challenge is $9,800 short.

http://longbets.org/611/

Other than that,  I think it is a well reasoned response. 

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September 20, 2011, 04:18:17 PM
 #62

This website is a joke, right?

Large Hadron Collider will destroy Earth? http://longbets.org/382/

That's like saying "I bet one trillion USD that USD will become worthless".
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September 20, 2011, 04:28:38 PM
 #63

This website is a joke, right?

Large Hadron Collider will destroy Earth? http://longbets.org/382/

That's like saying "I bet one trillion USD that USD will become worthless".

Except that both parties need to pay their trillion up front, and it all goes to charity no matter which party wins the bet.

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September 20, 2011, 04:51:25 PM
 #64

But then charity will receive trillions of worthless dollars  Cheesy
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September 20, 2011, 04:54:35 PM
 #65

This website is a joke, right?

Large Hadron Collider will destroy Earth? http://longbets.org/382/

That's like saying "I bet one trillion USD that USD will become worthless".

Except that both parties need to pay their trillion up front, and it all goes to charity no matter which party wins the bet.

Oh, nvm then. Didn't know you had to pay up front.
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September 20, 2011, 05:47:45 PM
 #66

Yeah, that's the main problem. I knew there was a reason nobody has taken this up. It's a no-brainer otherwise.
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September 20, 2011, 07:43:25 PM
 #67

Challenge submitted.

Your challenge is $9,800 short.

http://longbets.org/611/

Other than that,  I think it is a well reasoned response. 

Get this setup on Intrade, so we can all make side-bets on you and the challenger without forking over $10k.

BitPay : The World Leader in Bitcoin Business Solutions

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Does your website accept bitcoins?
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September 20, 2011, 10:36:52 PM
 #68

Challenge submitted.

Your challenge is $9,800 short.

http://longbets.org/611/

Other than that,  I think it is a well reasoned response. 

Thanks. I'd be willing to make an actual $10,000 bet with you, but not one where I lose the money either way.

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September 20, 2011, 11:08:28 PM
 #69

Challenge submitted.

Your challenge is $9,800 short.

http://longbets.org/611/

Other than that,  I think it is a well reasoned response. 

Thanks. I'd be willing to make an actual $10,000 bet with you, but not one where I lose the money either way.

I would gladly agree to that,  but betting where bettors keep the money winnings is defined as gambling and is illegal throughout the United States. This is one of many stupid laws that I am confident Bitcoin provides a solution to, and one of many reasons why I think Bitcoin will become incredibly popular in the near future.

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September 20, 2011, 11:55:34 PM
 #70

What if I want to participate but hate charities?  Those starving kids and cancer patients should just bootstrap themselves out of their predicament.

Also, you look and sound like a douche when you talk.

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September 21, 2011, 12:56:54 AM
 #71

What if I want to participate but hate charities?  Those starving kids and cancer patients should just bootstrap themselves out of their predicament.

Also, you look and sound like a douche when you talk.
In his defense, a good lot of charities are corporatist shills. In many cases, only a small percentage of the money donated reaches the actual cause. Giving money to a poor charity is equivalent to throwing money away.

I haven't researched the charities involved myself but this might be a probable cause.
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September 22, 2011, 11:09:27 AM
 #72

Ok, so if you think that bitcoin will outperform - whatever it means - dollar in 2 years for 100 times, so why the hell is this bet in USD instead of BTC?

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September 22, 2011, 11:40:20 AM
 #73

Ok, so if you think that bitcoin will outperform - whatever it means - dollar in 2 years for 100 times, so why the hell is this bet in USD instead of BTC?
I doubt somebody who does not agree would accept BTC for the bet Wink

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September 22, 2011, 11:40:52 AM
 #74

Ok, so if you think that bitcoin will outperform - whatever it means - dollar in 2 years for 100 times, so why the hell is this bet in USD instead of BTC?

Becasue his bitcoins will be worth 100x more than now - You'd just need $100 worth of bitcoin today to cover the bet as they'd be worth $10k when the time comes.
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October 18, 2011, 03:45:13 PM
 #75

Hey Rog,

Still happy about this bet?
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October 18, 2011, 04:05:14 PM
 #76

why wouldn't he be?  pm's have topped out and Bitcoin has or is close to bottoming.  the metrics for this trade have never been more favorable.  anyone taking this bet now would be crazy.
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October 18, 2011, 04:07:21 PM
 #77

I forgot what his start price was.


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October 18, 2011, 04:08:09 PM
 #78

Last I heard, no one actually took him up on the bet.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
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October 18, 2011, 04:09:25 PM
 #79

Last I heard, no one actually took him up on the bet.

That's what he told me at the conference...  but I don't know what happened since then.


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dancupid
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October 18, 2011, 04:10:52 PM
 #80

why wouldn't he be?  pm's have topped out and Bitcoin has or is close to bottoming.  the metrics for this trade have never been more favorable.  anyone taking this bet now would be crazy.

You just need $100 of bitcoins to take the bet - you can only lose $100, or win $10,000
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