Bitcoin Bling Bet - page 2. | Bitcointalksearch.org

mazi

newbie

Activity: 33

Merit: 0

Quote from: Dabs on July 02, 2013, 10:11:48 AM

Would you guys like a third party escrow for this? Send the 1 BTC to a cold wallet made just for this bet. Each one sends 1 BTC, so the cold wallet will contain 2 BTC. Winner gets the private key or the amount is sent to his own wallet in 4 years.

We did consider a multisig transaction to store the funds for the duration of the bet (eg. 2-of-3 with Darwin the natural third party) but we decided against it -- I think because we wanted to avoid the need to store private keys for 4 years. It's still an option though as far as I'm concerned since I haven't tried multisig yet (or seen it used) and this seems a nice use case

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: Dabs on July 02, 2013, 10:11:48 AM

Would you guys like a third party escrow for this? Send the 1 BTC to a cold wallet made just for this bet. Each one sends 1 BTC, so the cold wallet will contain 2 BTC. Winner gets the private key or the amount is sent to his own wallet in 4 years.

There is of course John K. However, I was hoping I'd get the job.

Nah, I don't think that jim618 needs an escrow here, especially considering the amounts involved. Wink

People trust him for Multibit on a daily basis.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Would you guys like a third party escrow for this? Send the 1 BTC to a cold wallet made just for this bet. Each one sends 1 BTC, so the cold wallet will contain 2 BTC. Winner gets the private key or the amount is sent to his own wallet in 4 years.

There is of course John K. However, I was hoping I'd get the job.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Mati means dead in Indonesian. Tongue

That said, this is an interesting bet - bookmarked for 2017!

jim618

legendary

Activity: 1708

Merit: 1066

Hi Antonin,

Thanks for your post.

Now that the Winklevoss twins are starting a Bitcoin Fund it is only a matter of time before the NY fashionistas start wearing bitcoin fashion items . . .

:-)

darwin

newbie

Activity: 3

Merit: 0

Hello,

I'm Antonin Hildebrand and I'm witness of the bet. Also I agree to be the referee in case of a dispute.

See you in 2017 or sooner!

jim618

legendary

Activity: 1708

Merit: 1066

We were talking about that and figured the best thing to do was set 1 BTC aside now to cover it. That way there is no risk. We were guessing how much 1 BTC would be at the end of the bet - the best I could come up with was 'less than a million US dollars'.

garyrowe

full member

Activity: 198

Merit: 102

I shall watch this with interest. 1 bitcoin in 4 years time could be worth a *lot*.

jim618

legendary

Activity: 1708

Merit: 1066

Hi Mazi,

Great - that is both of us on the record now !

I expect the next four years will zip by - I think I'll put a reminder in my phone now to remind me.

:-)

mazi

newbie

Activity: 33

Merit: 0

Quote from: jim618 on May 22, 2013, 10:40:24 AM

At the Bitcoin 2013 conference on Sunday Matija Mazi (Mati) and I (Jim) agreed to a multi year Bitcoin bet and I wanted to go on the record about it.

The Bet
Jim bets Mati 1 BTC that he can provide a photo from "one of those trashy celebrity magazines" of a celebrity wearing a blinged up Bitcoin hardware wallet.

The deadline for the bet was four years from when the bet was made. This is 3.30 PDT, 20th May 2017.

If Jim can provide such a photo before the deadline, Jim wins and Mati pays Jim 1 BTC.
If Jim cannot provide such a photo before the deadline, Mati wins and Jim pays Mati 1 BTC.

Witness and referee
Antonin Hildebrand ("Tonda") is both the witness and referee for this bet.

Rules
Jim cannot make it happen by creating a blinged up hardware wallet and giving it to a celebrity.
The definition of "one of those trashy celebrity magazines", "celebrity" and "blinged up" were left unspecified but we figured out we would know when it happened.

Thanks for inventing new nicks for me and Antonin, Jim

Anyway, I am the other side of the bet and I confirm that the bet was the way Jim describes it above, with a small note: Antonin agreed to be the witness, but I'm not sure he agreed to his role as a referee. In any case, hopefully a referee won't be needed.

bennett616

member

Activity: 70

Merit: 10

http://www.freebitcointips.co.uk/

Forever on record now haha Tongue

Andy B

jim618

legendary

Activity: 1708

Merit: 1066

At the Bitcoin 2013 conference on Sunday Matija Mazi (Mati) and I (Jim) agreed to a multi year Bitcoin bet and I wanted to go on the record about it.

The Bet
Jim bets Mati 1 BTC that he can provide a photo from "one of those trashy celebrity magazines" of a celebrity wearing a blinged up Bitcoin hardware wallet.

The deadline for the bet was four years from when the bet was made. This is 3.30 PDT, 20th May 2017.

If Jim can provide such a photo before the deadline, Jim wins and Mati pays Jim 1 BTC.
If Jim cannot provide such a photo before the deadline, Mati wins and Jim pays Mati 1 BTC.

Witness and referee
Antonin Hildebrand ("Tonda") is both the witness and referee for this bet.

Rules
Jim cannot make it happen by creating a blinged up hardware wallet and giving it to a celebrity.
The definition of "one of those trashy celebrity magazines", "celebrity" and "blinged up" were left unspecified but we figured out we would know when it happened.

Topic: Bitcoin Bling Bet - page 2. (Read 2043 times)