blog.fidelramos.net - Cryptocurrencyhttps://blog.fidelramos.net/2023-06-03T08:16:48.640883+00:00Public record: my BTC bet with tripu2023-05-06T00:00:00+00:002023-06-03T08:16:48.640883+00:00Fidel Ramostag:blog.fidelramos.net,2023-05-06:/cryptocurrency/btc-bet<p>On the back of the bet on the future relative prices of Bitcoin and US dollars that Balaji and Medlock settled publicly on 2023-05-02
(<a href="https://twitter.com/balajis/status/1653451860488130565">confirmation by Balaji</a>;
<a href="https://twitter.com/jdcmedlock/status/1653452817179508736">confirmation by Medlock</a>),
today <a href="https://tripu.info/">tripu</a> and I agree on the following terms of a bet:</p>
<ol>
<li>The object of the bet is whether Bitcoin …</li></ol><p>On the back of the bet on the future relative prices of Bitcoin and US dollars that Balaji and Medlock settled publicly on 2023-05-02
(<a href="https://twitter.com/balajis/status/1653451860488130565">confirmation by Balaji</a>;
<a href="https://twitter.com/jdcmedlock/status/1653452817179508736">confirmation by Medlock</a>),
today <a href="https://tripu.info/">tripu</a> and I agree on the following terms of a bet:</p>
<ol>
<li>The object of the bet is whether Bitcoin (BTC) reaches a price in US Dollars of $1M (one million dollars) at least once in the next 90 days.</li>
<li>If at least two reliable sources show that BTC traded at $1M or above at any point before <a href="https://www.timeanddate.com/countdown/generic?iso=20230804T235959&p0=1440&msg=Fidel%2Ftripu+BTC+bet&font=sanserif">2023-08-04 23:59:59 UTC</a>, Fidel wins the bet. Otherwise, tripu wins the bet.</li>
<li>We consider reliable sources the usual mainstream financial sources: Google Finance, Yahoo Finance, Bloomberg, the NYT, etc.</li>
<li>Fidel bets €500 (five hundred euros) in fiat money. tripu bets BTC 0.019105605 (€500 in BTC using the <a href="https://finance.yahoo.com/quote/BTC-EUR/history?period1=1683244800&period2=1683244800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true">closing price of €26,170.33 on 2023-05-05</a>). Whoever loses the bet will pay his part to the winner, not later than one month after the bet is resolved.</li>
<li>Both Fidel and tripu are publishing this post verbatim (except for trivial edits, such as swapping our names) on our respective blogs today (2023-05-06).</li>
<li>We will link to each other, and to cached copies of both posts on either <code>archive.org</code> or <code>archive.ph</code>.</li>
<li>We are gentlemen (and friends) and thus consider these terms sufficient.</li>
</ol>
<p>Links:</p>
<ul>
<li>tripu's post: <a href="https://blog.tripu.info/btc-bet">https://blog.tripu.info/btc-bet</a></li>
<li>This post on archive.org: <a href="https://web.archive.org/web/20230507134401/https://blog.fidelramos.net/cryptocurrency/btc-bet">https://web.archive.org/web/20230507134401/https://blog.fidelramos.net/cryptocurrency/btc-bet</a></li>
<li>tripu's post on archive.org: <a href="https://web.archive.org/web/20230507134521/https://blog.tripu.info/btc-bet/">https://web.archive.org/web/20230507134521/https://blog.tripu.info/btc-bet/</a></li>
</ul>