Topic: 280 BTC total bets between Micon and mrb (are BFL ASICs real?) - page 27. (Read 46374 times)

Micon, I'll bet 20 BTC 1:1 that BFL delivers a working ASIC product to multiple end customers (i.e., people who are able to post pictures or other proof of their ASICs running) by the end of 2013.

Micon: I haven't had time to set up Mono to run Casascius, I will try to do this tomorrow.


Actually I meant to add "plus one reporting on the Mini Rig SC".

It sounds here like you're suggesting that 6 plus 3 is 10...

2)  generated the btc address & I msg'd to mrb privately.  As I understand it the system is very secure and we could post this btc address publicly and see when both of us send coins to it, there will be 20 total in it, and community can watch the winner scoop the pot.   I want smarter technical users that I trust to tell me it's OK first before doing this.
3)  casascius if all this goes as it should this is an awesome cryptographic solution to a common community issue:  we want to bet each other with as little outside trust as possible.  Also this makes appointing and arbiter before the bet necessary, another good practice in wagering.

Yes, send him the payment invitation and the address.  If:
1. You have an escrow invitation code from me, AND
2. You have a payment invitation code you generated or received from the other party, AND
3. Both of you agree that the escrow invitation you have and the payment invitation combined yield the same bitcoin address in the "be a payer" screen...

THEN it is safe to pay that address.

Whoever has all three parts (escrow invite part A, escrow invite part B, and the payment invitation) can compute the private key on the "collect your funds" screen.

You can tell what code you have, since they'll start with "einva", "einvb", or "einvp".  the ones with a and b came from me (mrb got a, Micon got b) and you guys produced the one with p.

If you decide you are the loser, give your escrow invitation code that I originally gave you to the person who is the winner, so they have all three parts.

You can publish the address if you want everyone to see the funds, but that's entirely your call.  I don't need the address unless a dispute arises that gives rise to my need to know.

there was a 1-character error in the copy past from Casascius to me.  

the "generate payment invitation" worked, and I have both a payment invite (very long code) and a bitcoin address that looks normal.  

Casascius - i send mrb the very long payment invitation?  then he enters that in the "be the payer" in his casascius-escrow tool and gets the same btc address and we both ship to that?

in email contact with casascius to figure out this escrow system.   First "be a payee" escrow invitation code said not valid when i clicked "generate payment invitation" 

we'll figure this out and it's likely user error on my part.  I'll send casascius the screencaps if needbe.  I consider that mrb and I have a 10 coin bet at this stage and we are both gentlemen so working out this escrow part IMO won't take very long and there will soon be 20 coins sitting in the blockchain with both of us holding our half of the private key and casascius holding both. 

very cool when we get it working, then we can go bigger once we go through this escrow process and I can fully understand it.

These 10 good standing forum members do not necessarily need to report on the same product (eg. 10 Single SC). It may be a mix of products (eg. 6 reporting on Jalapeno units, plus 3 reporting on Single SC units).

Statement

Butterfly Labs ASIC is real and will achieve 350+ Mhash/Joule by June 30, 2013

Details

At least one ASIC-based Butterfly Labs product will demonstrate 350 Mhash/Joule or more, at stock frequency/voltage, at room temperature, for a sustained period of time of at least 60 minutes, with appropriate current-measuring equipment on the device's power input(s). Power consumption shall be measured by adding up current from all the device's DC inputs (12V jack, USB cable, etc.) It will not be measured "at the wall". The purpose of this bet is to avoid wildly varying efficiencies of power adapters and computer hosts. This bet applies to all ASIC-based products that Butterfly Labs will deliver to the general public. This includes the "SuperComputer" family (Jalapeno, Single SC, Mini Rig SC), as well as possibly any unannounced product that the company will be shipping by June 30, 2013.

The legitimacy of the ASIC-based Butterfly Labs product(s) will be established as follow: the equipment must be reported to have been received by 10+ good standing forum members, of which:
- 3 must have each personally measured the Mhash/Joule of the devices
- the other 7 may not have necessarily measured the Mhash/Joule, but must have provided reports of having received working devices that seem to validate the existence and plausibility of the devices belonging to the above 3

These 10 good standing forum members do not necessarily need to report on the same product (eg. 10 Single SC). It may be a mix of products (eg. 6 reporting on Jalapeno units, plus 3 reporting on Single SC units).

Examples

This statement is true if, for example, the Single SC achieves 60 Ghash/s at 171 Watt or less (60000/171 = 351 Mhash/Joule) as measured with a clamp meter on its 12V DC input and 5V (USB) input.

This statement is false if all Butterfly Labs products fail to achieve 350 Mhash/Joule, or if Butterfly Labs fails to deliver any product at all.

Positions

Micon disagrees with the statement.
mrb agrees with the statement.

The cool part to me is that once I set them up, I don't have to do a damn thing unless they get into a dispute and both refuse to release to one another.

Since my "cost" is so low, if the idea takes off, it should totally reduce the overhead and friction of doing bitcoin transactions with untrusted parties.  No risk I'll lose their funds to a hacker, virtually no overhead, no need to charge 1% just to generate a couple of codes.  That's a big deal!  Imagine if exchanges worked that way, and had a severely limited ability to actually run with your bitcoins.  The Bitcoin world would be nothing like we know it today.

What is more interesting, the bet or the casascious' new escrow system?
Anyway another 5000BTC bet would have been cool.

Escrow invitation part A sent to mrb.

mrb can now generate the payment invitation and the escrow-controlled bitcoin address.

Micon, I can privately e-mail you the escrow invitation part B, no PGP required.  It's not top secret, the only person it's valuable to is mrb (besides being valuable to you for validating that the bitcoin address he generates is actually under escrow control).

remember when you wrote "Pirate is not a Ponzi" in your signature and worked tirelessly funneling more coin to him?

Bryan,

Bring your laptop to our next cryptoparty (this thursday) or bitcoin lunch mob (today) and I'll show you how to set up your pgp keys and OTC setup.

Oh, and I'll let you get another close up look at those empty *metal* BFL cases too 8*

I work for you. So... really don't know how to answer the good/evil question