@CryptoMan_Ram@sandeepvbelure@mohakagr @rdaneel_eth @balajis https://t.co/92kIN2QGVK
I'm losing the plot here. How is this a good bet? Let's assume, as you say, that BTC is at 50k USD in 90 days. Balaji just loses 2m USD. What am I missing?
Yes. Just moving money for the bet. We can do it via smart contract, but for simplicity old-fashioned escrow may work.
The escrow person would need one BTC address and one ETH address (for the USDC). The assets would sit on chain for 90 days.
If BTC < $1M in 90 days after escrow, then you win and get both the 1 BTC and the $1M USDC.
If BTC > $1M USD in 90 days after escrow, then I win and get both the 1 BTC and the (now worthless) $1M USDC.
@cobie has escrowed bets of this kind before. I propose him. If not, perhaps @ByrneHobart or @profplum99. Let me know if any of those are acceptable to you.
@bobdaduck @giuliacapezzi@PstafarianPrice@webdevMason What are you talking about? If you're trying to justify your thinking because there are 'reasons' for it, then you're practicing 'reasoning'.
@steph_zunz@giuliacapezzi@PstafarianPrice@webdevMason No, it isn't. Religion has continuously seceded the answers to questions it purports to answer, to reason, philosophy, and science. This includes moral questions. The reverse has never happened (i.e. a problem we once had a rational solution to, and now it's a theological one).
@bobdaduck @giuliacapezzi@PstafarianPrice@webdevMason The irony of claiming the opposing side in this debate lacks open-mindedness is staggering, but not surprising. Religion and dogmatic thinking have a long, bloody, painful history with such irony.
@Soph8B I think the answer is "yes but relatively, no". Civilisation is always on the collapse in a sense - existential risk has always been there, probably always will be.
@JesseNichols@realtimeai@giuliacapezzi@webdevMason For real though, you seem like a Popperian. Isn't public discourse kind of key to progress and the growth of knowledge? AFAIK Popper thought even where little agreement could be reached, peaceful arguments of all sorts are good. Could you elaborate on your views here?